Jul
28
Trader’s daily - July 27, 2009
Filed Under Trader’s view |
Stocks Market today. Rally continued at the share market. The reason for that was the favorable conjuncture at the commodity markets. However the activity of bulls got weaker, the trade volumes reduced versus Friday. Profit fixation was indicated by the end of the day on Gazprom, LUKOIL and Rosneft.
Market tomorrow.Overheating of the market and indefinite open of U.S. exchange markets indicate the possibility of correction at the Russian grounds tomorrow.
Bonds
Market today. At the ruble bonds market the climbing trend goes on due to ruble strengthening. The main event of the day today was the placement of RZD-17, -18, -19 for 40 bn RUR with yield of 14.05%, 14.25% and 13.5% respectively. At the secondary market active trades were on Gazprom-4, VTB-5 and MTS-4. No changes were indicated at the Eurobond market. The cost of Russia-30 climbed to the level of 100.89 points during the day, after what it went down gradually and currently is around 100.65 points level.
Market tomorrow.No new placements are planned for tomorrow, purchases of ruble bonds will continue. As for the Eurobonds, nominated in rubles, correction is not excluded during the week due to long-term growth against the background of national currency strengthening.
No comment
LUKOIL’s RAS net profit of 1H 2009 reduced by 27% to 37.5 bn RUR. (company)
Net profit of Gazprom Neft by RAS dropped by 2.3 times in 1H 2009. Gazprom Neft might become the only owner of Tomskneft in 2011. (company, Interfax)
IAS net profit of MOESK grew by 5.6% in 2008. (company)
FAS of RF suspects Danone, Wimm-Bill-Dann, Ehrmann and Campina of collusion at the milk market. (Interfax)