Mar
13
Trader’s Stock daily news - March 12, 2009
Filed Under Trader’s view |
Stock Market today. Worsening of external fund and commodities conjuncture provoked quotes decrease of the main specter of liquid shares. Primarily the investors’ activity was concentrated on the shares of Gazprom, Rosneft and Sberbank. The shares of Norilsk Nickel attracted interest of the investors also due to recommendation upping by the Bank of America.
Market tomorrow. Evening upping of oil prices, based on extraction decline expectations of OPEC, and also the climbing American indices might support the market at the open. On the threshold of the week-end the activity is likely to reduce, however the mood will be optimistic.
Russian Bonds
Market today. Buying binge is still indicated at the corporate euro bond market. Each and all is bought. The prices add 50-100 b.p. average. In the ruble issues the demand is limited by offer: there are not enough notes (VTB 2009, Bank of Moscow 2009, Rosbank 2009, Ursa Bank 2009). The assortment of currency notes is wider, but there are almost no offers. Something can be bought only from non-residents. Totally the trade volume was not high, especially if technical deals are excluded. Operators’ activity was focused on the banks’ notes (VTB-5, VTB-6, EBRR-01 and EBRR-03), and also the corporate loaners of the second echelon (CPRP-01, WBD-2, STC-4). As for two new issues by RzhD, both were placed in the full volume and would likely be distributed between the organizers of the loan (TransCreditBank, VTB, Gazprombank, Sberbank of Russia).
Market tomorrow. We assume the notes within the Lombard List might attract much interest on the threshold of excise payoffs, and also we expect the banks’ notes to still be of interest.
Stock Market with No comment
International reserves of RF as of March 6 reduced to 380.5 bn USD, profit of the trade balance in January totaled 9.361 bn USD. (CB)
RF federal budget in January-February was executed with profit of 116.29 bn RUR (Ministry of Finance)
Inflation in RF from March, 3 to March, 10 totaled 0.3%, starting from the beginning of the year – by 4.5%, prices by producers of industrial goods grew in RF in February by 2.9%. (FSSS)
Russia supports reduction of oil supplies to the global market. (Sechin)
In 2009 LUKOIL plans to up oil extraction by 1-1.5%. (Interfax)
NLMC increased load of capacities to 85%. (Lisin)
Telenor’s shares in Vimpelkom were arrested according to Russian court decision. (Interfax)
Trader’s Stock daily - March 12, 2009 (PDF)