Mar
19
Trader’s Stock daily - March 19, 2009
Filed Under Trader’s view |
Stocks
Market today. The rapid growth continued, and the RTS index was testing 700 points level. Oil sector and Sberbank were of demand. The oil shares climbed following the oil prices, Sberbank – following the ruble upping versus dollar.
Market tomorrow. We still hope for profit fixation at the market – almost all shares added in price quite significantly.
Bonds
Market today. The turnover at the domestic market grew significantly. Among the turnover volume leaders once again were the issues of X5-1, MGor-45 and Unified Confectioners -2. Actively traded also were the following: AIZhK-8, HydroWGC-1, and a number of other notes of the first and second firm echelon. Municipal notes also began to be traded actively: Yakutia-7, Chuvashiya-5, Samarskaya obl.-5, Yaroslavskaya obl.-7.
No changes at the Eurobond market. Each and all, left in the ruble sector, is being bought. In the currency notes high profitable bank notes (VTB 2012, VTB 2035, Gazprombank 2015, Rosselhozbank 2018, Sberbank of Russia 2013-2). Corporate issues were also interesting (SINEK, 2015, TNK-BP, 2018, Transneft, 2018).
Market tomorrow. Totally the situation remains positive for the domestic bond market. Against the background of fast growth of euro in short-term prospect, upping of demand for Eurobonds, nominated in that currency should likely be expected. However, it should be noted that dollar weakening is likely of short-term character.
Stock with No comments
RF’s international reserves reduced as of March 13 to 376.1 bn USD. (CB)
Income of the detailed budget-2009 are planned at the level of 6,700 bn RUR, expenses – 9,700 bn RUR, deficit would be covered on behalf of reserve fund assets, it is not planned to use the printing press. (Putin)
Oil price exceeded 50 USD per barrel in New York. (Interfax)
The oil prices will remain low during 2009. (Morgan Stanley)
AFK Sistema will purchase 100% shares in BashFEC till March 30. (Interfax’ sources)
X5 agrees to sacrifice profitability for investing in customers’ flow. (Hassis)
RF does not plan to exchange debt of RulAl to state banks for the share in the company. (Shuvalov)
Trader’s Stock daily - March 19, 2009 (PDF)