Aug
3
Trader’s daily - August 03, 2009
Filed Under Trader’s view |
Stocks
Market today. Demand remained at the exchange market. It was still concentrated on the shares of the oil-and-gas sector: Gazprom and Rosneft. Also the trades were active on Sberbank. LUKOIL was of less interest. The reason for positive was the usual one – the commodity factor. The oil price during the day exceeded the level of 73 USD.
Market tomorrow.External reference points remain to be positive. Against the given background we do not exclude continuation of growth at the exchange market, however due to overbought market the activity of the players might reduce. Tomorrow in the afternoon the stats on income and expense of U.S. citizens are worth noticing, which might affect the course trades.
Bonds
Market today. Monday became a day of growth for the corporate ruble bonds. The positive stats in the U.S., drop of dollar against the background of urge for risk upping leaded to increase of demand for ruble bonds. Demand was for Gazprom-A4 (+0.02 p.p.), Mechel-2 (+1.22 p.p.), TGC-2-01 (+0.46 p.p.), MTS-4 (+0.62 p.p.). Leaders by the volume of deals were Gazprom-13 (+0.05 p.p.), the volume on it reached the level of 140 mn RUR. The price of the sovereign loan Russia-30 grew within the day, but still did not reach the previous day level of 100.9 p.p. It is hard to outnumber any notes among the Eurobonds, the motion is mainly lateral.
Market tomorrow. Tomorrow the positive information from the New World will likely support growth of demand for ruble bonds market.
No comment
Net profit of RusHydro in 1H 2009 grew by 2.3 times. (Company)
Forecast of supplies of iron ore deposit of Severstal in Liberia has been upped by 2 times to 1 bn tons. (Interfax)
Sibirtelecom announced an auction for attracting a credit for 500 mn RUR. (Interfax)
Net profit of Centrtelecom by RAS in 1H 2009 grew by 24% to 2.5 bn RUR. (Company)
RAS net profit of Power Machines grew in 1H 2009 by 68 times to 2.4 bn RUR. (Company)