Apr
8
Understanding the stock market
Filed Under Trader’s view |
Stocks Market today. Trade activity reduced versus the previous day. At the same time the selling prevailed in the highly liquid oil-and-gas and bank sectors. Gazprom was sold little by little, LUKOIL was variously directed due to 4Q 2008 report issue. Polyus Gold on contrary was of demand at the background of gold prices raise.
Market tomorrow. European market dynamics and the oil prices, and also the trade open at the U.S. do not provide hopes for positive. For now we expect slipping at the open, however, in case Alcoa make a favorable surprise with its report, growth is possible.
Bonds
Market today. Activity at the domestic market was at the average level. The investors were primarily interested in the quality notes of the first and second echelons. The most activity for another day in row was indicated in the notes of Moscow (45th and 46th issues). Besides, the issues IntegraF-1, VTB-5, Gazprom-4, Systema-1 were also interesting. At the Eurobond market the demand structure did not change. Primarily the investors were interested in the long-term bank currency liabilities (VTB 2016, Gazprombank 2015, Mezhprombank 2010-2, NOMOS-Bank 2016).
Market tomorrow. On Wednesday the demand conjuncture for the Russian debt notes is not expected to change, only in case activity reduces at the background of oil price lowering and slight ruble rate weakening.
understanding the stock market with No comment
GDP of Russia in 1Q 2009 dropped by 7%, in 2Q the reduction is expected to slow down (Dvorkovich)
Germany accounts on process of Russia joining WTO to be complete soon (Interfax)
Gazprom and Eni signed an agreement of buy and sell for the shares of Gazprom Neft (Interfax)
Net profit of LUKOIL in 2008 according to US GAAP reduced by 3.9% turned out to be worse than forecasted (Interfax)
NOVATEK might payoff 1.52 RUR per share for 2008 (Interfax)
GM speeds up preparing plans of the possible bankruptcy (Interfax)
understanding the stock market (PDF)