Jul
17
Trader’s daily - July 15, 2009
Filed Under Trader’s view |
Stocks
Market today. Growth resumed due to the positive dynamics of the oil quotes. Again among the favorites were the oil and bank shares. So, Sberbank was purchased against the background of dollar having lowered to 32 RUR level.
Market tomorrow. Situation will be similar to the one today – there is positive, the shares obtain growth potential, so lightly positive open of trades is possible.
Bonds
Market today. The main factor that impacted the bond market today was the ruble rate versus foreign currencies. During the whole day ruble was strengthening along with the oil quotes. As a result climbing price dynamics was indicated at the debt market. Trade activity upped slightly versus yesterday levels. The most demand was for the following notes: VK-Invest1 (+10 b.p.), M-Gor54-com (+12 b.p.), M-Gor-63-com (+29 b.p.). At the Eurobond market things are still calm. We might outline the notes of Tatfond with coverage in 2010 among the underestimated issues. “Exotic” Eurobonds, nominated in yen were of demand also.
Market tomorrow. Against the background of positive mood in the U.S. we do not expect the Russian share market to drop within the close coming future, and that will support careful quotes growth at the debt market also.
No comment
State Duma adopted a law draft on changing UST to insurance premiums in the 2nd reading. (Interfax)
Export duty for oil will up from August 1 from 212.6 USD to 222 USD per ton. (Ministry of Finance)
Drop of industrial production in RF in June totaled 12.1%. (FSSS)
Output of light passenger vehicle in RF reduced in1H 2009 by 60%, trucks – by 72.5%. (FSSS)
From July 7 to 13 the inflation totaled 0.1%, from the beginning of the year – 7.7%. (FSSS)
Gazprom upped gas extraction by another 20 mn cubic meters per day. (Interfax)
Mechel output 6.4 mn tons of coal, 2.5 mn tons of steel in 1H 2009. (Company)
Evraz reduced in 2Q 2009 steel production by 28% to 3.4 mn tons. (Interfax)