Apr
22
Trader’s Stock daily News - April 22, 2009
Filed Under Trader’s view |
Stocks Market today. During the day the climbing dynamics was indicated on the main range of liquid shares within the frames of correction to the previous drop. Demand was focused on the shares of Gazprom, interest to other shares was less evident. Selling was indicated in Polyus Gold, which was a sort of a balancing weight to the market. After the output of reports by several large American companies, particularly Morgan Stanley, results of which were worse than expected, the market has partially closed the morning growth.
Market tomorrow. Tomorrow various dynamics will prevail. Priority will be given to external reference points, among which data on labor and housing markets in U.S., and also Euro zone stats.
Bonds
Market today. Conjuncture of the domestic market did not change. The investors actively bought the liquid notes of the second echelon (X5-Finance-1, Zenit-5, HydroWGC-1, CTC-4, Yar.obl.-7, Kopeyka-3). At the Eurobond market the volume of selling has finally reached the volumes of purchase orders, and that stopped price drop. And in some issues the purchase has even prevailed (Gazprom 2015, VTB 2016 (PUT 2011), Tatfondbank 2010).
Market tomorrow. Evidently, the purchases of ruble notes will continue due to funding cost reduced, and the currency rates stabilized for time.
No comment
Loss of Morgan Stanley in 1Q 2009 totaled 0.57 USD per share, expected level was 0.08 USD. (Interfax)
IMF worsened the forecast of RF economy drop in 2009 to 6% from 0.7%. (Interfax)
Reserve fund will be almost depleted in 2010. (Kudrin)
Volume of additional emission of VTB will total 180 bn RUR, not 200 bn RUR. (Kudrin)
Gazprom Neft purchased Chevron plant on production of oil and lubricants in Italy. (Company)
Mechel signed the final agreement on purchasing Bluestone Coal. (Interfax)
KAMAZ stopped conveyer on April 23. (Interfax)
Trader’s Stock daily News - April 22, 2009 (PDF)