Jul
12
Trader’s daily - June 25, 2009
Filed Under Uncategorized |
Stocks
Market today.The trades opened with high volatility. The main movement was in the shares of Sberbank and Gazprom. The quotes of those shares reduced by the results of the day. But the preferred shares of Sberbank were being bought on contrary. The external background was contradictory: the oil prices were climbing, and the trades in Europe went in the red zone, the stats on unemployment were negative also.
Market tomorrow.It is hard to forecast the further dynamics. Likely the trades will be as volatile as today. The main activity is still expected in the currently most liquid Sberbank and Gazprom.
Bonds
Market today.The mood is likely positive. There is demand in the ruble notes. Especially active demand was for the notes of the second echelon, such as Tyumenenergo and Lenenergo-2. Interest was also in RZD-12, -16, MTS-4. In Eurobonds no common dynamics was indicated. Small purchases were indicated in Rosselhozbank and Alfa-13.
Market tomorrow.After a two-day correction against the background of ruble strengthening, growth is likely to occur and the buyers will dominate. The participants will wait for the placement of Gazprom, which is to be conducted next week. The yield of the notes with a three-year offer is expected to be at the level of 13% annually, two-year issues might be slightly higher. So the demand will likely be great.
No comment
RF international reserves as of June 19 grew to 407.1 bn USD. (CB)
Sechin: RF power energy6 market liberalization rates remain the same, he does not believe to be necessary to additionally revise the investment programs of the state companies. (Interfax)
Gazprom might reduce the investment program for 2009 by 30%, the main reduction of investments will be for extraction. (Interfax)
Management LUKOIL will continue purchasing the shares of the company. (Fedun)
TNK-BP took advantage over its dominating position at the oil products market. (FAS)
Net profit of Dalsvyaz by IAS in 1Q 2009 grew by 40% to 787 mn RUR. (Interfax)
AvtoVAZ did not pay dividends for 2008. (Interfax)