June 14th, 2009

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The course increased dollar purchases - the morning review of cash markets

Sunday, June 14th, 2009

12.06.09 condition at 10:00 the Kiev Banks and Items of currency exchange (PAE) is most often buy 1 USD at the price of 7.6300 UAH, that expensive at 1.00 cop. than yesterday and offered at a price of 7.6500 UAH, that is different from yesterday's course.

of the Bank and the Stand for purchase 1 USD fluctuate within 7.6000 - 7.6300 UAH.

Best Offers to buy 1 USD at this time set in the following banks and Stand:
7.6300 UAH - BG Bank;; Business Standard;; Legbank;; Prime Bank;; Trust-Capital ;; Ukrainian capital, Unexbank;; Akroprom;; Altair groups;; EURO;; Margin;; Nika;;
7.6250 UAH - Aktiv-Bank;; Unexbank CAUX number 1;; Absolut;;

of the Bank and Stand for sale 1 USD fluctuate within 7.6450 - 7.6800 UAH.

best selling 1 USD at this time set in the following banks and Stand:
7.6450 UAH - Ukrainian Capital;;
7.6499 UAH - Akroprom;;

;

Today

Banks Stand and most often buy 1 EUR for the price of 10.6500 UAH, that is different from yesterday's rate and the offer at a price of 10.8500 UAH, that the more expensive cop at 5.00.

of the Bank and the Stand for the purchase of 1 EUR fluctuate in 10.6000 - 10.7050 UAH.

Best Offers to buy 1 EUR at this time set in the following banks and Stand:
10.7050 UAH - Prime Bank;; Arsenal;, Nick;;
10.7001 UAH - Unexbank; ;

of the Bank and Stand for sale 1 EUR vary in 10.7600 - 10.8800 UAH. Click to continue »

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The shareholders of OGK-5 decided to rename the company ENEL WGC-5

Sunday, June 14th, 2009

June 10, the annual general meeting of shareholders of OAO WGC-5, which were approved by the annual report for 2008 and annual financial statements of the Company for 2008

net profit of OAO WGC-5 on Russian accounting standards in 2008 amounted to 1 billion 562 million 788 thousand rubles.

Given the recommendation of the board of directors, annual general meeting of shareholders approved the following proposed allocation of net profit: 78 million 140 thousand rubles. send to a reserve fund in accordance with Russian legislation, 1 billion 484 million 648 thousand rubles. forward to finance investment.

Dividends, on the basis of 2008 fiscal year, it was decided not to pay.

The shareholders also decided to rename the OAO WGC-5 in OAO WGC-5 Enele. The new name Enele WGC-5 determines the company's status as a party of Russian electricity market, as well as the stresses of the JSC OGK-5 to Enel - a leading international energy company operating in 22 countries worldwide, employing approximately 76 000 employees, - the media company.

Enel power installed capacity is about 95 GW, the EBIDTA is 14.3 billion euros as at 31.12.2008. (IFRS).

Shareholders' meeting of OAO WGC-5 elected the following staff of the Board of Directors:

- Maria G. Tikhonova,

- Gerald Joseph Rohan,

- Renato Mastroianni,

- Dominique Fash,

- Akhanov Dmitry,

- Enrico Viale,

- Carlo Tamboor,

- Archelli Marco Piero,

- Gabriele Frea,

- Yugov Alexander S.,

- Kolyada Andrei. Click to continue »

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Indexes in Europe rose on Wednesday on 0,6-1%, went up shares of commodity companies

Sunday, June 14th, 2009

European stock indexes rose on Wednesday, the second consecutive day following the lifting of quotations of shares of commodity companies, resulting from higher prices for oil and metals, reports Bloomberg.

cost of oil during the auction exceeded the $ 71 mark per barrel for the first time in seven months, copper, lead, nickel and aluminum also went up.

We continue to appreciate in market prospects and believe that he will be able to climb further in the next few months - said managing director of SVM Asset Management Colin Maclean. - We are more inclined to companies that would benefit from rehabilitation China's economy, as well as from higher prices for metals recovery and other emerging markets .

cost of BHP Billiton shares jumped as a result of trades at 4%, Rio Tinto - at 7.3%.

Total Paper

went up by 1,5%, BP - on 1,2%, Repsol - 3%.

Shares Inditex SA, owns the largest network in Europe, clothing, rose in price on 5,4% after the company reported an increase in growth of revenue in the first few weeks of the second financial quarter. Click to continue »

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One of the biggest cities in the U.S. threatens bankruptcy

Sunday, June 14th, 2009

crisis adversely affects not only the activities of firms. One of the largest U.S. cities - Oakland, California threatens bankruptcy. The city has a huge budget deficits, no funds to pay salaries, and the authorities need to pay California taxes on 17 million dollars more.

In such a situation, the deputies intend to declare the city bankrupt. If that happens, Oakland will be the first city, failed because of the crisis, writes the Los Angeles Times.

In this situation, tend to accuse the Governor of California Arnold Schwarzenegger. The new version of its budget the tax burden on the city increased by 17 million dollars.

It turned out that the financial plan the city can not survive. Therefore, the deputies are trying to cut costs in every possible way. Among other things, to try to negotiate with trade unions and social services to lower salaries by 10%. Click to continue »

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Goskomstat: The highest inflation rate in May registered in Crimea and Odessa region, Vinnytsya marked deflation

Sunday, June 14th, 2009

The highest inflation rate in May against April, recorded in Sevastopol - 1.4%, the Autonomous Republic of Crimea - 1.1%, and the Odessa region - 1,1%, in Vinnitsa. was deflation - 0,2%. This was reported on the official website of the State Statistics Committee of Ukraine.

According to Goskomstat, the beginning of the year (May 2009 to December 2008), consumer prices rose the most in the Crimea - 8,9%, Odessa region - 8,7%, Sevastopol and the Donetsk region - 8,6% . Lowest prices rose in Kiev - 5.7% and Volyn - 5.5% areas.

leaders rising prices for food and soft drinks were Sevastopol in May - 1.6% (from the beginning of the year growth of 9,8%), Crimea - 1% (9.5%) and the Odessa Oblast - 0.8 % (9.2%). In seven regions of Ukraine (Vinnitsa, Volyn, Ivano-Frankivsk, Lviv, Sumy, Kharkiv, Khmelnytsky) in May against April, recorded decline in food prices by an average of 0.4%.
Alcoholic beverages and tobacco went up in most of Ternopil and Chernivtsi regions - 6,6% (16,5%) and 6,3% (13,4%), respectively, as well as in Sevastopol - 6,1% (18,3 %), less in Donetsk - 1,3% (12,8%) and Vinnytska - 1,1% (12,8%) regions.

Prices for clothing and shoes in May, most grew up in Kiev and Rivne region - 0,7% (growth of 5% and 3.7%). In Crimea, Vinnytsia, and Kherson regions in May against April, prices for clothing and footwear fell by an average of 0.4%.
Housing, water, electricity, gas and other fuels in May, TG By April most went to the Crimea - 2.2% (4.9%) and Poltava region - 1,6% (4,8%). In the ten regions of Ukraine in May against April, there was decline in prices by an average of 0.2%.

prices for household items, household equipment and routine maintenance of housing in May, TG By April most have grown up in Volynskaya - 1,1% (11,6%) and Lviv - 0,8% (10,5%) regions, while in six regions of Ukraine the prices have fallen by an average of 0.3%. Click to continue »

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Yesterday at the U.S. stock market dominated by negative sentiment

Sunday, June 14th, 2009

Yesterday at the U.S. stock market dominated by the negative sentiment among market participants, but closer to the end of trading session, Bulls played most of the losses.

yesterday published trade balance, which in April amounted to - $ 29.2 billion against the projection - $ 29 billion and - against $ 28.5 billion in March.

Today, market participants pay attention to the publication of data on the number of applications for unemployment benefits, as well as retail sales.

At the end of trading session, U.S. stock indices closed in the red /Dow Jones -0.27%, S P500 -0.34%, NASDAQ -0.37% /.

From the technical point of view, the Dow Jones index yesterday will not undergone drastic changes and close the next Dodge at the top, which bears to confirm Bear absorption. Do not be ruled out that we see the formation of a candle formations bird on the wire.

At the time schedule for the MACD indicator neutral situation. Click to continue »

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In the 1 quarter 2009 revenues of IMC decreased by 21%

Sunday, June 14th, 2009

OJSC MMK published financial statements for the 1 st quarter of 2009, prepared in accordance with International Financial Reporting Standards (IFRS).

Port overview report, from the beginning of 2009 the company has been a considerable increase in profitability against a background of growth in production volumes. Thus, steel production and commodity steel products in 1 kv.2009 was increased by 26% and 24% respectively. Download in 1 square. 2009 (relative to average sales for the 9 mes.2008 city) has increased from 49% in quarter 4. In 2008 to 61%.

For the period under review, OAO MMK to positive EBITDA. EBITDA Margin parent company (OJSC MMK) for 1 square. In 2009 amounted to 19,4%. While the EBITDA margin for the quarter 1. 2009 Group of companies - 10.3%.

Thus, the parent company's earnings in quarter 1. 2009 decreased by 21% due to changes in the U.S. dollar, the value of EBITDA for the period was positive and amounted to $ 160 million, which is $ 589 million more than 4 square meters. 2008 Loss for the period amounted to $ 55 million, which is $ 390 million less than the 4 square. 2008

Value EBITDA IMC group companies for the period was positive and amounted to $ 99 million, which is $ 568 million more than the 4 square. 2008 Loss of CIM Group for the period amounted to $ 110 million, which is $ 292 million less than 4 square meters. 2008

Key indicators parent company OAO MMK ($ millions)


; 4 square. 2008 1 square. 2009 /-
Revenue OJSC MMK 1 041 824 -217
EBITDA OJSC MMK -429 160 589
Margin EBITDA -- 19,4% -
Profit for the period of OAO MMK -445 -55 390

Key figures consolidated statement of income groups CMI ($ million)


; 4 square. 2008 1 square. 2009 /-
Revenue Group CMI 1 368 965 - 403
EBITDA * -469 99 568
CIM Group EBITDA Margin -34,3 % 10,3% -
Profit for the period the Group CMI ; -402 ; -110 292

Download the parent company of 1 square. 2009 (relative to average sales for the 9 mes.2008 city) has increased from 49% in quarter 4. In 2008 to 61%. In doing so, the steel segment of the CMI was the most efficient in the industry in Russia. Currently, the company is working effectively to reduce costs - CMI has the lowest production costs in the metallurgical industry of Russia.

key performance indicators for the 1 st quarter of 2009 (thousand tons)


; 4 square. 2008 1 square. 2009 /-
Steel 1648 2070 26%
Commodity metal 1 542 1 917 24%

Also CMI continues to focus on most profitable products - the 4-th metal processing, commodity slabs are made, the report says the company. CMI has the largest share of the proceeds from sales in the highly profitable domestic market. Click to continue »

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The main driver of growth of Russian sites will continue to remain higher oil prices

Sunday, June 14th, 2009

On Wednesday, the Russian stock market has shown growth, the main driver of which was crude oil went up: RTS (1,49%), MICEX (1,78%).

Shares of oil companies rose after oil futures: Gazprom (2,2%), Rosneft (2.5%), LUKOIL (0.4%). Papers banking sector closed raznonapravleno: VTB (-0,5%), Sberbank (0.2%). Shares of steel companies, with the exception of securities CMI podeshevevshih at 0.7%, looked better than the market: NLMK (6.6%), Severstal (3.4%).

On Wednesday U.S. stock indices closed in the negative range, but the decrease did not exceed 0.5%. The source of the negative oil and steel went up a statement by the representative of the Russian Central Bank to reduce investment in U.S. treasury bonds. In Asian markets today, there has been a mixed trend, high-demand shares of energy companies. According to published data, stocks of fuel in the United States fell more than expected in the background of oil prices continued to rise. Barrel of oil brand Brent worth more than $ 71,5.

According to our estimates, this morning's background is more positive for the Russian stock market. The main driver will continue to be a rise in oil prices, which will boost demand for shares of oil companies. Today will be published financial results of the CMI for the first quarter, which could affect the company's stock quotes. From the statistics today, we recommend that you pay attention to data on the labor market and retail sales in the United States, which will be published in 16.30.

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In the early trading session on the MICEX on Thursday, possibly mixed traffic quotations leading securities

Sunday, June 14th, 2009

We are waiting for another boring auction to 16.30

Yesterday, U.S. stock indices, despite a good start, finished the day in the zone of moderate decline. Their losses were within 0.4%. In the economic survey released yesterday by the U.S. Federal Reserve (Veige book) market only heard what they wanted: the pace of economic recession may slow down in about half of the 12 Fed districts. Negative on the Exchange has a weak result of the auction on placement of a 10-year Treasury bonds. Against the backdrop of growing inflationary sentiment, returns these gosbumag yesterday reached 4%, while still in mid-March it was at 2.5%. The rapid rise in the prices of black gold warms only the pockets of speculators and oil stocks of oil companies. Nevertheless, the high prices, pose a threat to economic recovery, creating undue inflationary pressures now.

the reduction of oil reserves in the United States last week at 4.4 million barrels. as well as the growth in demand for gasoline, the price of Brent crude oil on Thursday morning reached the mark of $ 71.5 per barrel., for the first time in more than 7 months. Today in Asia and the Pacific Exchange noted divergent dynamics of motion near zero quotation marks. U.S. futures indices traded in a small area of growth: SP 0,43%.

In the early trading session on the MICEX on Thursday, we are waiting for a mixed traffic quotations leading securities. Obviously, the better the market today should feel like the paper oil and gas and mining companies. However, given that for the past week in the most liquid shares almost no active shopping, I think it makes sense to continue to look for interesting trading ideas in the second tier securities. Here we point out the shares of WGC-1-2, TGC, Transneft and regional telecom. Our stock market this afternoon, once again has all chances to trade above the zero mark. Only 16-30 in the course of the trading can make serious adjustments to data on retail sales in the United States. Happy waiting for the publication of the CMI financial statements under IFRS for the I quarter of 2009.

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MICEX Index-energy rose by 0.9% and closed at 1,952, the volume of trades on Monday continued to decline

Sunday, June 14th, 2009

As a result of trades 10.06.2009 MICEX index, energy rose by 0.9% and closed at 1,952 level. The volume of trades on Monday continued to decline. Stock Quotes sector showed the largest companies in the eve of a mixed dynamics: the value of securities FGC UES fell by 0.7%, stock quotes, RusGidro added 0,2%, the paper IDC Holding went up by 1.1%, stock price Mosenergo rose at 0.5%, paper, Inter RAO UES cheaper at 1.8%.

We note the positive dynamics of shares of TGC-5, TGK-6, TGK-7 and TGK-9 - generating companies under the control of the CEC. Shares of four companies on Wednesday went up by an average of 12.4%, while the quotations of all securities generating sector showed growth of only the previous day at 5.8%.

We appreciate the long-term fundamental prospects of the named companies. As stated earlier plans, IES intends to consolidate its genkompanii within the company, and then put himself in the holding company IPO. Genkompanii IES traded with average EV /installed capacity of $ 158/kVt, which coincides with the average value of the sector.

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