Jul
17
Trader’s daily - July 16, 2009
Filed Under Trader’s view |
Stocks
Market today.It has been another “green” day. The shares have been climbing against the positive external background, including the good stats. It is complicated to name any favorites due to all the shares were being purchased, including on behalf of attractive price levels.
Market tomorrow. Possible the growth will pause or it at least will slow down. Since the beginning of the week the market has added significantly. However, growth of oil stopped, which might hold the further dynamics of the Russian share market.
Bonds
Market today. Against the background of ruble strengthening and growth of international exchange indices, the Russian bonds added in price also. Demand was for notes of VTB-Leasing, X5-Finance, Hydro-WGC and Gazfinance. As for the primal market, the book on the 3rd issue by Gazprom Neft has been closed at the middle of the trading session due to great over-subscription. Rates range formed 15.0-15.25% annually. Tomsk additional placement took place. In course of the auction they managed to place the whole issue, after which at the secondary market another 468 mn RUR worth of deals took place via price, higher than placement. As for the Eurobond market, the global situation has not affected its conjuncture yet. We might outline the demand for dollar issues by VTB. Within a week their price upped by more than 1 p.p.
Market tomorrow.Friday situation will depend on the oil price and currency. The climbing trend which seems to be appearing on EUR/USD provides for ruble bonds growth continuation.
No comment
International reserves of RF as of July 10 reduced to 400.7 bn USD (CB)
Oil export from RF in January-May 2009 lowered by 0.5% to 102.1 mn tons. (Interfax)
NLMC upped steel production by 24% in 2Q 2009 to 2.6 mn tons, and expects improvement of financial estimates against the background of demand growth, it has also built up the share in Nizhneserginskiy metallurgy works to 57% (company, Interfax)
MMC conducts negotiations with VTB and Sberbank on covering the credits ahead of schedule (Interfax)
TMK reduced output of pipes by 20% in 1H 2009 to 1.2 mn tons.
The court satisfied the claim of Urals Steel against GAZ Group, MC on collecting 96.8 mn RUR. (Interfax)
IDGC of North-West upped the net profit in 2008 by IAS by 29%. (Interfax)