May
25
Trader’s Stock daily News - May 25, 2009
Filed Under Trader’s view |
Stocks Market today. The market traded flabbily due to absence of foreign players – today was a holidays in the U.S. and UK. The market is overheated and the investors are slowly getting rid of the expensive papers, primarily from the oil-and-gas companies’ shares. Norilsk Nickel was also sold due to loss for the previous year. The shares of Sberbank were in the favor – both: common and preferred pones.
Market tomorrow. The overheating will remain and from the technical point of view, there is good background for the market’s further dropping.
Bonds
Market today. At the domestic market the day turned out to be active. The main volume of deals was indicated in the first and second echelons. On the threshold of RZD’s placement active demand was for issues of Moscow (45th, 58th and 59th). Besides, interest was in Gazprom-4, AIZK (3,4,6), WGC-5, FNC-5. In the non-liquid sector the leaders on the amount of deals remained 36.6 and Kamskaya Dolina-3. After the meeting with the investors the bonds of Nikoshim continued climbing. At the Eurobond market things were very calm due to holidays in the U.S. and UK.
Market tomorrow. Active trades on ruble bonds will continue, though many liquid issues reached their fair levels. Due to that much attention should be given to primal placements – unsatisfied demand might provoke additional and rather alarming growth of the secondary.
No comment
Drop of RF’s GDP in 2009 will be deeper than expected earlier. (Medvedev)
Bashneft might payoff all-time high dividends for 2008 – almost 10 bn RUR. (Company)
Net profit of Mosenergo by IAS in 2008 grew by 26% to 2.055 bn RUR. (Company)
Norilsk Nickel closed 2008 with net loss by IAS of 555 mn USD versus profit a year before. The company corrected the forecast of nickel production for 2009 towards reduction. (Company)
TMK might reduce dividends for 2008 by one third and plans to refuse from intermediate dividends for 2009. (Company)
Novoship will payoff 2.05 RUR per common and preferred share for 2008. (Company)
Trader’s Stock daily News - May 25, 2009 (PDF)