Jul
31
Trader’s daily - July 30, 2009
Filed Under Trader’s view |
Stocks
Market today. The trades were highly volatile against the background of a contradictory background. During the day the negative stats on the unemployment level in the U.S. was coming out. However is remained unnoticed due to the negative data was compensated by the correction at the oil market towards upping and also the strong corporate reports by Motorola and GE. Priorities were the same – Gazprom, Sberbank, Rosneft and LUKOIL.
Market tomorrow.The close of the week was under the affect of data on GDP of the U.S., which will be output on 4:30 pm Moscow time. Till that moment the dynamics of prices of the principal range of the liquid shares will be various. Positive motions are not excluded against the background of the resumed oil price growth.
Bonds
Market today.After the drop yesterday the purchases resumed in the liquid notes, but they were not as aggressive, as before the correction. Growth demand was stimulated by ruble strengthening, against the background of oil price growth, which by the end of the day was trading higher than 69 USD per barrel. Active trades were on TGC-2 (+0.86), GazpromA4 (+0.04 p.p.), VTB-06 (+0.13 p.p.), MTS-3 (+0.31 p.p.), MTS-4 (+0/06 p.p.), Gazprom Neft-3 (+0.05). At the Eurobond market the positive mood prevailed also after the drop of Russia-30 of Wednesday, on Thursday it already was trading higher than nominal.
Market tomorrow.On Friday a number of investors will continue decreasing their positions, but the news background is still positive, which might lead to purchases at the beginning of the day and partial selling by the end of trades on the threshold of the week-end.
No comment
The number of Americans that claimed for unemployment upped last week by 25 thousand, higher than forecasted. (Bloomberg)
Deficit of the federal budget of RF in 2010 was planned in the volume of 3.187 bn RUR (7.5% of GDP). (Interfax)
Net profit of Surgutneftegas in 1H grew by 6.3% to 77.26 bn RUR. (message of the company)
Norilsk Nickel in 2Q 2009 upped the output of nickel by 2.9% versus 1Q to 71 thousand tons (message of the company)
MTS reduced the net profit by RAS in 1H 2009 by 40% to 14.837 bn RUR. (message of the company)
Silvinit reduced the net profit by RAS in 1H 2009 by 2.1 times to 6.11 bn RUR. (message of the company)
Renault gained loss from participation in AvtoVAZ by the end of 1H in the amount of 182 mn Euro. (message of the company)