May
14
Daily Stock review - May 14, 2009
Filed Under Trader’s view |
The trading session at the Russian share market began on Wednesday with positive – the investors tried to overcome the level of 1,000 points of the RTS index. More to that, the given level has been conquered, not for long though. Almost after the level was overcome, the RTS moved back down. Among the factors that caused sale at the market first of all the psychological moments should be mentioned, precisely the profit fixation after a two week’s continuous climbing earlier. In the afternoon fundamental negative appeared – weak stats on retail selling in the U.S. came out and forced all western markets down. Among the Russian shares the most damage was done to the oil-and-gas sector, which was among growth leaders earlier.
Main Stock news
Vimpelkom: first loss.
Net loss of Vimpelkom, JSC according to US GAAP in 4Q 2008 totaled 816 mn USD versus net profit of 368 mn USD for the similar period of 2007, imparts the message of the company. Sales of the company upped versus 4Q 2007 by 27.1% having reached 2.55 bn USD. OIBDA formed 1.124 bn USD, OIBDA margin reduced to 44% from 45.7% a year before.
Other Stock news
Ø Rosneft confirmed the strategic plans of development.
Strategic target of Rosneft is growth of annual oil extraction from the current 110 mn tons in 2008 to 180 mn tons by 2030 under the conditions of favorable macro-economic conjuncture, imparts the annual report of the company. Gas extraction by Rosneft is planned to be upped from 12.5 bn cubic meters in 2008 to 55 bn cubic meters by 2020. Also Rosneft plans to build up processing volumes to 80 mn tons by 2020, and by 2015 – to increase output of light oil products at least to 78%.
Daily Stock review - May 14, 2009 (PDF)