May
8
Trader’s Stock daily News - May 08, 2009
Filed Under Trader’s view |
Stocks Market today. Weak attempt to fixate profit was indicated today after rapid growth within a week. Activity of the players has reduced. The oil price lost 0.5 USD versus yesterday’s maximums, however, likely that was the reason for selling Gazprom, LUKOIL and Rosneft. More to that today Gazprom got cutoff, which might have also provide3d a reason for selling the shares of the company. Demand remained in the bank sector at the background of output of positive stress-tests results – Sberbank and VTB were being purchased.
Market tomorrow. Next week the oil price correction is not excluded at the background of supplies growth in the U.S. The commodity factor might serve a reason for getting rid of oil-and-gas companies’ note. Besides, the market looks overheated, which strengthens the possibility of further reduction. Holding back the deep drop might be executed by the climbing American indices at the background of positive stats on labor market.
Bonds
Market today. The last day of the week before holidays was surprisingly lively. The most activity was on the second echelon. The second day in a row the leaders by turnover volumes were URSI-7 and Sibtelecom-6. Also UralsibLeasing-1, NWT-4 were purchased. Once again a large amount of deals were of the notes of 36.6 around 50% of nominal, which might indicate buy-back on behalf of the company. At the Eurobond market the buyers prevailed having transferred to the ruble issues (Rosbank 2009, Bank of Moscow 2009).
Market tomorrow. On Tuesday the markets likely will be recovering from the holidays. At the same time internal conjuncture of the monetary and currency markets will support quotes growth.
No comment
Decrease of labor positions in the U.S. in April was less than forecasted, unemployment growth matched the expectations. (Interfax)
The industrial production in Germany in March reduced less than expected. (Interfax)
LUKOIL placed an offer on buying back from the market all the shares of RUTEK via the price of 211 RUR per common and preferred share. (Interfax)
Belon might reduce dividends by the end of 2008 by 13 times. (Interfax)
STC in 1Q 2009 upped the sales by RAS by 4.6% (Interfax)
Volgatelecom in 1Q 2009 upped the sales by RAS by 3%. (Interfax)
Lengazspecstroy might up the dividends for 2008 in 16.5 times (Interfax)
Kazanorgsintez in 1Q 2009 gained 2.7 bn RUR of net loss by RAS. (Interfax)
Trader’s Stock daily News - May 08, 2009 (PDF)