Jul
18
Throughout Thursday RTS dynamics was notably positive. A range of factors supported this movement. Aside from the fact of foreign markets closing at a considerable growth, more support has been provided by Moody’s increase of RF credit rating. The resulting powerhouse of the market was made up from banking sector. Sberbank and VTB have proved significant support of RTS. Oil companies stocks of the second half of day have remained shadowed, following the drop of oil price. However, soon after the oil industry managed to catch up with rest of the market. US realty statistics and initial jobless claims data have cemented the morning rise of market. Soon after RTS breached 2200 points mark.
Yesterday’s RTS added +2.20% and closed at 2223.48 points. Some of the highest contributions into growth of indicator were brought in by stocks of: Sberbank (+5.73%), Rosneft (+4.41%) and LUKOIL (+2.5%). The stocks of Acron (-1.22%) and Uralkaly (-1.42%) have dropped value during the day.
The turnover of classic market has formed 56 mn USD, with the top three seats achieved by securities of: Sberbank (14.6 mn USD), Gazprom (11.3 mn USD) and LUKOIL (9.6 mn USD).
The external background seems rather sound towards Russia’s market. DJ upped +1.85%, NASDAQ increased by +1.2%. Though the price of oil has been dropped below 130 USD, losing almost 5 USD in just one day. We think that today the market would open upwards. Considering the Friday effect, RTS index dynamics is likely to be moderate. No important statistics are expected today.
Main Russian Stock events
Rosneft restructures debt.
Rosneft finished preparing to cover the last tranche of bridge-credit worth 22 bn USD, attracted back in 2007 to finance the purchase of Russian extracting, refining, sales and service assets of YUKOS, states the press-release of company.
Other Russian Stock news
Gazprom Neft tries strengthening positions at external markets.
Alexander Dyukov, the chairman of Gazprom Neft’s board, confirmed the intension to purchase 49% stake of the company and to establish strategic relationships between the companies, during the meeting with Serik Burkitbayev, the president of “NC “KazMunayGas””, says joint press-release of the companies.
Transneft confirmed payoffs.
The primary shareholder of Transneft – Russian Federation in person of Rosimushestvo a holder to 100% voting stocks of company, has called in unanimous decision, confirming the allocation of 2007 income of 4.018 bn RUR, reports the company.