Jun
16
Trader’s daily - June 11, 2009
Filed Under Trader’s view |
Stocks Market today. The trades at the market were inactive on the threshold of long week-end – the investors prefer to leave for the holidays sooner, than trade at the market. Besides under the neutral external background volatility was not high.
Market tomorrow. The opening of trades on Monday will be defined by the conjuncture at the commodity grounds, which will be formed on Friday.
Bonds
Market today. The day was rather active. On the first place it was active at the Russian market. In the Eurobonds things were calm. At the domestic market successful placement of X5 might be outlined. High rate of the first coupon (18.46% annually) caused high interest of the trade participants. In the end by the end of the trading session the note traded by a figure higher than nominated. Active trades were on RZD-12. But the note went a bit down (from 101.4 to 101.2). That might be explained by the closing of RGD book, which traded higher than nominated.
Market tomorrow. For now the market looked rather strong. We expect some activity and positive movements in ruble notes at MICEX. Things will be calm at the Eurobond market. There were no adequate ideas left.
No comment
GDP of RF in 1Q 2009 dropped by 9.8%. (FSGS)
International reserves of RF as of June 5, grew to 409.5 bn USD, monetary base grew to 3,883.5 bn RUR on June 8. (CB)
Today the value of the import duties in RF in 2009 reduced to 10.7% versus 11.5% in 2008. (Putin)
WGC-6 plans to delay the investment projects by 2-3 years. (Interfax)
MMC gained net loss by IAS in 1Q 2009 in the amount of 110 mn USD, sales reduced to 965 mn USD. The company plans the production load level in 2009to be at the level of 65-70%. (Interfax)
Net loss of NWT in 1Q 2009 by IAS totaled 143 mn RUR. (Company)
Trader’s daily - June 11, 2009 (PDF)