Jul
22
Trader’s daily - July 21, 2009
Filed Under Uncategorized |
Stocks
Market today. Rally continued. However oil did not show such highs as earlier. Nevertheless, the oil and bank sectors continued pulling the market up, though growth becomes a bigger problem due to overheating.
Market tomorrow. In short term period the level of 1,000 points of the RTS index might become a strong resistance level for the market.
Bonds
Market today. Ruble assets were of demand following the Russian currency getting stronger. At the forward market bonds of Vimpelcom 3 and 4, and also Gazprom Neft 3 were actively bought. At that, the last-mentioned was placed in the afternoon in the volume of 8 bn RUR via rate 14.75% annually. We should also outline great demand in the notes of FBL-63 and FBL-64. Dalsvyaz has completely placed bonds for 1.5 bn RUR via 15% annual rate. At the Eurobond market the lateral movement was indicated. Demand was for such notes as Transneft-12 and VTB-16. Russia-30 is still climbing.
Market tomorrow. No placements at the Russian bond market are expected. We are expecting demand to remain for the ruble assets.
No comment
In 2009 Gazprom expects profit for the first time at the Russian market. (company)
Net profit of Inter RAO UES by the end of 2008 formed 87 mn Euro versus loss a year before. (company)
In September Mechel plans to build up the load of coal capacities to 70-75%. (company)
Supervisory Council of VTB approved conducting additional emission of shares in the volume of up to 90 bn RUR. (company)