Apr
29
Trader’s daily Stock News - April 29, 2009
Filed Under Trader’s view |
Stocks Market today. Despite the weak stats on U.S. economy, the Russian market went up by 4%. Support came from oil and Gazprom’s annual report output. Totally all the oil-and-gas sector climbed up. Steel smelters went down after the output of weak report by ArcelorMittal.
Market tomorrow. We still keep the pessimistic view over the Russian market in the short-term prospect. Due to holidays the scenario of market reduction might be realized.
Bonds
Market today. On Wednesday the main event at the ruble bond market was placement of 50th issue of Moscow. Within the frames of the auction the demand exceeded offer by more than twice. The note were placed via 16.1% annual interest and the unsatisfied orders went to the secondary market (MGor-54, MGor-45). Also demand was for the 5th and 6th issues of VTB, WGC-5, RZD-6. Unusually high volumes went in 2nd Severnaya Kazna. At the Eurobond market the day turned out to be so very not interesting. There were little deals and price movement was indefinite.
Market tomorrow. We do not expect much from Thursday which looks like a pre-holiday Friday. Trade volumes will likely be minimal at the Russian ground and in Eurobond section.
No comment
Drop of U.S. GDP in 1Q exceeded the forecast and totaled 6.1% (Interfax)
By the end of 2008 sales of Gazprom grew by 45% to 3.5 bn RUR, net profit – by 13% to 742.9 bn RUR. (Company)
Net loss of Pharmacy Chain 36.6 by IAS for the quarter totaled 51.9 mn USD, worse than forecasted (Interfax)
Net profit of TNK-BP Ltd by US GAAP in 2008 totaled 5.28 bn USD (Company)
Dividends of Rosneft for 2008 might total 1.92 RUR per share (Interfax)
Severstal reduced steel production by 21% in 1Q to 3.8 mn tons (Interfax)
Net loss of Systema in 4Q totaled 713.9 mn USD versus 467 mn USD of net profit a year before. (Company)
Net profit of Acron by IAS grew in 2008 by 1.7 times to 9.9 bn USD (Company)
Trader’s daily Stock News - April 29, 2009 (PDF)