Jun
16
Trader’s daily - June 15, 2009
Filed Under Trader’s view |
Stocks Market today. After a long week-end the Russian share market opened negatively. Following the oil price drop and the European grounds almost all the blue chips were for sale – oil-and-gas and bank sectors suffered most. The drop of ruble also did not add optimism to the market.
Market tomorrow. The pessimistic mood remains at the market, which might provoke sale. In case the oil does not show any interesting adding the drop will continue tomorrow.
Bonds
Market today. Totally the day was rather indefinite. Oil price drop and ruble versus dollar drop made the suppositions to reduction of ruble instruments and bonds in particular. Such issues as MOEK-1, VTB-5, AIZK-10, Yar.obl.-7, Nizhegor. obl.-3, Sibtel-5 and etc. lost in price. At the same time purchases were on Zenit-3, Promsvyazbank-5, AIZK-8. At the Eurobond market the day did not bring any changes: activity was extremely low. The pressure of sellers in the sovereign loans was felt. Interest to the issue Tatfond 2010 might be outlined.
Market tomorrow. The situation with ruble activity and funding cost allows supposing the absence of any kind of rapid moves at the background of unfavorable external conjuncture. At the same time the drop of oil price and dollar climbing might reflect negatively on the market’s liquidity.
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Polyus purchases 50.1% shares of KazakhGold for 269 mn USD for cash and shares. (Company)
Polimetall purchases Varvarinskoe deposit from Orsu Metals for 235 mn USD. (Interfax)
Net profit of Uralsvyazinform by IAS grew in 2008 to 2.5 bn RUR. (Company)
Consolidated sales of Irkut by IAS in 2008 grew by 22.3% to 1.25 bn USD. (Interfax)
Trader’s Stock daily - June 15, 2009 (PDF)