Jul
20
Trader’s daily - July 20, 2009
Filed Under Trader’s view |
Stocks
Market today. Rally on the entire range of shares continued following the climbed oil. As usually the demand was focused on the oil-and-gas and bank shares. However, there was little number of shares, including the ones from the second echelon.
Market tomorrow. Within 6 past trading sessions the market added rather significantly, so further growth is almost impossible. However, things depend from the oil.
Bonds
Market today. Ruble strengthening following the oil prices and upping at the share market were the main factors, which affected the bond cost. As a result at the market ruble bonds once again reduction of yields took place. The main demand was for the shares of the first echelon. At the forward market the players were actively purchasing the notes of Gazprom Neft and Vimpelcom. At the market of corporate Eurobonds no radical changes took place, slightly the activity upped in the sector of Eurobonds, nominated in rubles. During the day Russia-30 was climbing, which indicates confidence growth in the Russian economy.
Market tomorrow. On Tuesday the situation will unlikely change. Totally the external conditions are favorable for price growth.
No comment
Gazprom Neft in 1H reduced export of oil to far abroad by 2.6%. (company)
Sberbank opens VSMPO credit lines for 165 mn USD. (Sberbank, Interfax)
Mechel closed restructuring credits for 2.6 bn USD. (company)
Polyus plans to launch OMPE at Blagodatnoe in July 2010. (Interfax)
RZD will start placing 3 issues of bonds in sum total volume of 40 bn RUR on July 27. (company)