Mar
25
Trader’s Stock daily - March 25, 2009
Filed Under Trader’s view |
Stocks Market today. The main volume of demand was in the shares of the first echelon. Like yesterday, the shares of Sberbank and Gazprom were most interesting. Sberbank’s quotes were warmed up by the statement by Kudrin on Sberbank and VTB should pay off dividends for 2008. Norilsk Nickel was still the subject of selling due to threat of aggression on behalf of the state. Among the remaining shares Uralkaliy and Gazprom Neft should be indicated, which were adding in price due to good corporate news.
Market tomorrow. Activity of the players will likely remain the same while the dynamics of the main specter of liquid shares will be various. The focus will once again be on the shares of the first echelon. We do not exclude rally continuation in the shares of Gazprom Neft and Uralkaliy.
Bonds Market
Market today. Trade activity grew significantly. The main volume of deals was indicated within the A1 list (Mos.obl.-8, MGor-45, MGor-50, VTB-5, VTB-6, Tatfond-4, etc.). Note that while the quotes climb, the participants began changing to the longer term issues due to search for higher yield. At the Russian Eurobond market the situation is similar: short-term currency issues (up to 1 year) are being sold in order to enter longer term issues. But in ruble segment that is almost impossible to be done due to lack of notes and them being mostly short ones. As a result, the prices are slightly overheated and stand pat.
Market tomorrow. Activity remains rather high. The credit market is still not operating, which provides debt markets with the necessary support. The situation at the currency markets also provides for investments in ruble assets.
Stock and Bonds market with No comments
New build houses selling in U.S. in February grew unexpectedly by 4.7% to 337 thousand houses. (Interfax)
Net outflow of capital from Russia will form 83 bn USD in 2009, currency reserves will decrease by 88 bn USD. (RF Ministry of Finance)
Gazprom will execute the option on 20% of Gazprom Neft on behalf of credits from state banks. (Vedomosti)
2008 IAS net profit of WGC-5 added 10.8% and totaled 1.63 bn RUR. (Company’s report)
AvtoVAZ will raise prices on Lada by 2.5% starting from March 30, 2009. (Interfax)
MOMPE reduced net profit by 8% in 4Q 2008, profit grew by 57% in 2008. (Interfax)
Moody’s reduced rating Fesco to “B3” from “B2”, forecast – negative. (Interfax)
Trader’s Stock daily - March 25, 2009 (PDF)