May
19
Trader’s daily Stock News - May 19, 2009
Filed Under Trader’s view |
Stocks Market today. The trades went in positive zone due to the positive signals from the foreign exchange grounds, and also the commodity markets. Activity of the trades’ participants was at high level, and the range of interests was the same: oil and bank sectors. Also significant demand was for Norilsk Nickel at the background of nickel price climbing. After the negative stats on residential market of the U.S. came out the excitement of bulls went down and the RTS index corrected from the daytime maximums.
Market tomorrow.By the end of the trading session the external background worsened, which might serve as a reason for RTS index lowering at tomorrow’s open.
Bonds
Market today.Totally the day was rather calm. Funding was still cheap – one day credit was available under 8-9% annual interest, which supported the quotes of the most liquid issues. Note that the domestic market came round after the message on placement of new transfer of RZD via rather attractive rates. Due to that the dynamics of just placed MTS issue’s quotes is revealing. After drop yesterday to the level of 100.7, today the quotes once again went up higher than 101 figure via brokers. The principal interest of the players was focused at the first-second echelons (MGor-50, MGor-58, MGor-59, VTB-5, Uralsibleasing 1st and 2nd issues, and also notes of AIZK). At the Russian Eurobond market things are calm for a second day in a row, and the quotes movement was minimal.
Market tomorrow. The awning of the primal placements by large borrowers shows itself reflecting at the dynamics of notes within the first echelon and trade volumes. At the same time ruble liquidity and the speeded up ruble strengthening grades the given moment, critical to the secondary market.
No comment
GDP drop in RF in 2009 might form 4 to 8%. (Nabibullina)
Drop of industrial production in RF by the end of 2009 might total 4.5-6%. (Hristenko)
Surgutneftegas intends to up dividends for the preferred shares by 1.6 times higher than forecasted. (Interfax)
EBDR will provide 75 mn USD to TGC-13 for completing the construction of 2 energy blocks of HEPS-3 in Krasnoyarsk. (Interfax)
Load of MMC in 2009 will drop 10-20%. (Rashnikov)
The government of RF is neutral in the conflict about the shares of Vimpelkom. (Putin)
MTS placed 4 series bonds for 15 bn RUR. (Interfax)
Trader’s daily Stock News - May 19, 2009 (PDF)