Jun
23
Trader’s daily - June 18, 2009
Filed Under Trader’s view |
Stocks Market today. The market participants were emotionally getting rid of everything. Despite the likely weak negative background, the market dropped 4%. Possibly, the sale was caused by fixating the profit in expectations of some event. Note the news on possible upping of taxes for gas companies caused the additional selling in the shares of Gazprom and NOVATEK.
Market tomorrow. Situation is still indefinite. However, from the technical point of view, the market might meet support at the level of 980 points.
Bonds
Market today. On Thursday the ruble bonds cost reduction continued, though via lower turnover. The activity was outlined in the new issue X5-Finance, TGC-6, RZD-3, various issues of Moscow (45, 58, and 59) and Seventh Continent. At the Eurobond market the prices reduced also, though almost without deals. We might outline interest to the issues of Gazprom 2015, TNK-BP 2013, VTB-2018 (with the offer in 2013) and Bank of Moscow 2013.
Market tomorrow. On Friday the correction continued at the bond market will likely continue, which will be supported by rather tense situation with liquidity and the oppressing external background.
No comment
International reserves of RF as of June 12 reduced to 406.6 bn USD. (CB)
MEDT of RF forecast inflation in June at the level of 0.5-0.6% (Klepach, Interfax)
Net profit of Gazprom Neft according to US GAAP in 1Q 2009 reduced by 76% to 335 mn USD. (Interfax)
WGC-6 in 2008 gained loss in the amount of 829 mn USD versus profit a year before. (Interfax)
FAS approved the claim of MTS on purchasing Comstar-UTS. (Interfax)
Net profit of Megafon by US GAAP in 1Q upped by 20.2% to 11.1 bn RUR. (Company)
Volgatelecom in 2009 plans to up the net profit by IAS by 11.5% to 3.3 bn RUR. (Interfax)
Wimm-Bill-Dann in 1Q 2009 reduced the net profit by US GAAP by 70% to 12.6mn, better than forecasted. (Interfax)
Trader’s daily - June 18, 2009 (PDF)