Mar
11
Russian Stocks Market today. Against the background of conjuncture worsening at the raw material market correction was indicated during the day after yesterday’s climbing. Main selling related the shares of LUKOIL, Rosneft and Surgutneftegas. On contrary, Gazprom looked better than the market and was of demand. As a result the shares of the concern added 0.7%.
Market tomorrow. RTS index futures dynamics indicated neutral mood of the investors. Due to that we assume the market waits for U.S. trades’ close, which are currently climbing.
Russian Bonds
Market today. Decline of free ruble liquidity tied up the participants of the domestic bond market, at the same time having increased interest to the notes from Lombard list. Primarily the municipal notes were demanded: MGor-46 and MGor-47, and also Mosoblast-6. Besides, Gazprom-4, X5 Finance-1, Stroytransgas-3 were actively purchased. At the Russian euro bond market the ruble issues were still in the focus: VTB 2009, Bank of Moscow 2009 and Rosbank 2009.
Market tomorrow. Placement of two RRW issues will take place Thursday for a total amount of 30bn RUR. Unlikely the issues will be placed in the full volume. However, even the partial reservation of funds by the major Russian banks might cause hold-ups of liquidity and reduce activity of trades at the secondary market.
Russian stock and bonds with No comment
MTS 4Q 2008 net profit dropped three times to 145.5 mn USD, as forecasted. (Interfax)
Severstal gained 1.208 bn USD net loss in 4Q 2008 by IAS versus a year before. (Company)
Severstal does not plan paying off dividends for 4Q 2008 and in 2009. (Interfax)
TGC-8 purchased 48.66% shares of Astrakhan power distribution. (Interfax)
Selling of light motor vehicles dropped 38% in RF in February. (Interfax)
Nutritec tolerated technical default having not paid off the coupon of the 1st series bonds for 27 mn RUR. (Interfax)
Trader’s daily - March 11, 2009 (PDF)