Jul
28
Trader’s daily - July 28, 2009
Filed Under Trader’s view |
Market today. Today the trades showed high volatility against the background of contradictory factors. On one hand, since morning the principal reference points were positive: the oil prices were climbing, also the foreign markets closed positive. On the other hand, fixation necessity is clear. As a result the second moment won over the afternoon. The drop was worsened with the open of the American grounds and correction at the commodity markets. The activity was still focused on Gazprom, Sberbank, LUKOIL and Rosneft.
Market tomorrow.High volatility will preserve at the same time the negative factors are prevailing: correction after two week rally has not sputtered out yet. Climbing activity is not excluded in the notes of AvtoVAZ against the background of negative corporate news.
Bonds
Market today. After a long-term growth correction began at the ruble bonds market. In the afternoon the investors tried to fixate their positions. The reason of sale was the correction at the oil market, and the drop of ruble rate that followed. At the forward market active trades were on the notes of Gazpromneft-3, Vimpelcom-4, and Gazprom-13. The placement of two issues of WGC and the 5th issue of MTS was a success. Among the federal notes the most number of deals went on FLB-64 and FLB-65. At the Eurobond market no definite dynamics was indicated. Purchases prevailed over sale. Against the background of ruble drop correction was on Russia-30, which dropped to the level of 100.4 points by the end of the day.
Market tomorrow. The correction will go on at the market in the first half of day Wednesday. No signals for growth and ruble strengthening are indicated.
No comment
Deficit of budget will total 7.5% of GDP in 2010. (Kudrin)
Net profit of TNK-BP by US GAAP dropped by more than twice in 1H 2009 and totaled 2 bn USD. (Company)
RAS net profit of NOVATEK in 1H 2009 reduced by 24% to 6.825 bn RUR. (Company)
LUKOIL opens an order book for 3 issues of market bonds in the total volume of 15 bn RUR, placement will be conducted on August 7. (Company)
Coupon rate of the 2nd issue of market bonds of Enel WGC-5 in the amount of 4 bn RUR – 12.2%. (Company)
Polimetal lowered output of gold by 3%, silver – by 2% in 1H 2009. (Company)
AvtoVAZ intends to output 332 thousand of vehicles in 2009 versus 801.6 thousand in 2008 and to cut off 27.7 thousand employees. (Company)