Apr
9
Trader’s Stock daily News - April 09, 2009
Filed Under Trader’s view |
Stocks Market today. The activity of players increased along with serious growth rates of liquid shares prices. The most interest was for the shares of Sberbank due to rumor on passing a “stress-test” by the leading American banks, and also due to expectations of 1Q results by Wells Fargo bank. Still the activity is high in the shares of LUKOIL. Also Gazprom and Rosneft were popular today due to oil prices climbing. Norilsk Nickel and Uralkaliy were actively purchased also.
Market tomorrow. From the objective point of view the market is up to correction: starting from the beginning of the week RTS has been continuously growing and added 8%, and starting from the beginning of the month – by more than 18%. At 00:30 am Moscow time the output of Chevron report is expected. Even if it turns out to be positive, and the American grounds close positively, the Russian share market will climb at the open, but due to absence of external factors due to holiday in the U.S. and Europe, the profit fixation seems more likely on the shares that added mostly. That might be the shares of Sberbank, Norilsk Nickel, LUKOIL, Rosneft.
Bonds
Market today. On Wednesday the activity of players climbed a little. The position of turnover leader that has been occupied by Moscow went to the 5th issue of VTB. Besides, the investors were still purchasing the quality second echelon (WGC-5, SaNOS-2, IntegraF-1, GSS-1). Again deals were in the 4th issue of Zenit – likely the notes are coming back to the market. At the Eurobond market the main amount of the deals went in the long-term issues of Gazprom and VTB. The short-term ruble issues also grew in price, though there was a little number of deals on them.
Market tomorrow. On Friday the activity will be low due to Catholic Ester and celebration of Good Friday in U.S. and EU. The currency market is also adding suspense to debt notes.
No comment
The volume of international reserves of the Russian Federation as of April 3, 2009 totals 385.0 bn USD, the profit of the trade balance reduced in February to 5.3 bn USD. (CB)
Rosneft does not expect changes of oil and oil products selling volumes in 2009. (Interfax)
Crisis will make Gazprom reduce extraction by 10% within the future 4-5 years. (Interfax)
OMV completed selling 21.22% of Hungarian MOL to Surgutneftegas for 1.4 bn Euro. (Interfax)
RZD will gain net loss in the amount of 50 bn RUR in 2009, in 1Q 2009 the loss totaled 26.8 bn RUR. (Company)
AFK Sistema completed the deal on buying the controlling portfolios of Bashkir FEC shares. (Company)
Net profit of Comstar-OTC according to US GAAP in 4Q grew by 14%. (Company)
X5 Retail Group in 1Q 2009 upped the sales by 5% to 1.86 bn USD. (Interfax)
Trader’s Stock daily News - April 09, 2009 (PDF)