June 27th, 2009

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Izhorskiye plants will not pay dividends on preferred and common stockholders for 2008

Saturday, June 27th, 2009

Jun 24, 2009 the annual general meeting of shareholders of OJSC Izhorskiye plants, members of the Group of OMZ.

The meeting was attended by shareholders who are registered in the register as at 6 May 2009.

According to the agenda of the shareholders were reviewed and approved all the decisions on the agenda: Annual report on the activities of the Company in 2008, the annual financial statements, including income statement, elected a new Board of Directors and the Audit Commission approved company Eych E Bi Vneshuadit as an external auditor, approved changes in number 1 of the Charter of the Company and approved the transaction, of which there is interest.

As a result of meeting of shareholders elected a new Board of Directors of OAO Izhora Works in the number 9, which includes:

1. Borisov Evgeniy Ivanovich - Director General of JSC Management company - Strategic Assets

2. Danilenko Victor G. - General Director of OMZ.

3. Sergei Ivanov - the first vice-president of Gazprombank (Open Joint Stock Company)

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Today, shares of Sberbank again to postpone a major volume

Saturday, June 27th, 2009

Following the closure of the Russian market of foreign background has improved, which contributes to the opening of trading gepom up. At the end of the session at the American market indexes closed in a significant plus, adding more than 2%. Positive was associated with the data on GDP for the United States I quarter of this year, appeared better expectations, and statements by the heads of the Fed on the absorption of Merrill Lynch, which was reflected in the shares of financial institutions were among the leaders of the session. Also, support came from the publication of a positive report construction company Lennar, which primarily affected the securities company, added 18%. Shares of oil and gas sector has been supported by rising oil prices on news of Nigerian oil pipeline attack. The value of futures for Brent crude oil brands exceeded $ 70 a barrel, that would support oil and gas securities, as well as the Russian currency. After a significant increase in U.S. futures market indicators for the U.S. indices traded in the negative zone. The decline is about 0.3% - quite a symbolic value as compared to the size of the increase. Futures on the index SP confidently Breaks up and secured above the level of 910 points. Changing attitudes may cause downstream of Perforation of the mark. Another factor contributing to the purchase, are the outcome of the evening session FORTS. A futures contract on RTS index gained 2.4% in value. The major risk of today's session is to publish statdannyh on the U.S. economy: at 16:30 AM EDT will be publicized personal income and spending.

better market for the evening session FORTS look Instruments banking sector. The leaders began the session futures on ordinary and preference shares of Sberbank, the increase was 4.61% and 6.05% respectively.

The main volume again today will have on the share of Sberbank, except that the external background can be caused by the outcome of shareholders' meeting to be held today. Ordinary shares of Sberbank in the last trading session of consolidated near the top of the downstream channel, formed in early June. From the first minutes of the trading action can detach from the overall dynamics and the escape of solid plus, causing upwards of Perforation of the resistance - 41,6 EUR. Another aim of ordinary shares is EUR 43.3 mark., Where the 200-day moving average at half the schedule. On a positive external background resistance may be holes, and the paper can go to 45 rubles. Growth in shares VTB is also expected to exceed growth in the index. During yesterday's trading session, the paper returned to the bank down the trend of 3 June. Resistance levels will be its upper limit, which lies approximately at the level of 3,62 cop. Bullish outside the background contributes to a significant increase in: VTB shares can break this level and rush to the 200-day moving average - 3.79 kopecks to half the schedule.

Shares of oil and gas show positive dynamics against the background of the excess cost of oil brand Brent marks $ 70 a barrel. Shares of Gazprom can penetrate up psychologically important level of 150 rubles. As well as the 21-day moving average (150.7 USD).. The next resistance will address 100-day moving average (153.8 rubles.), On the approach to which I recommend to record profits, and the psychological mark 155 rub. Open positions with the aim of 155 rubles. can be above the price shares 100-day moving average. Shares Lukoil yesterday traded in a fairly narrow price range, consolidating around 1400 rubles. This point can be taken at the opening. The purpose of the stock is a 100-day moving average - 1424 rub.

Following the closure of the Russian market for gold futures traded in an upward trend: the value of gold exceeds $ 940 per troy ounce. However, futures on stock Polyus Gold is not in demand among market participants, since the basic ideas have been concentrated in other sectors. I believe that the opening of securities the company held a fairly neutral while the increase in the price of the asset base contributes to purchase. Open positions are not recommended, as vyaluyu forward momentum on paper: the bulk of the trades will be in shares of banking and petrochemical sectors.

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The immediate objective of growth is located in the vicinity of 980 points on the MICEX index

Saturday, June 27th, 2009

Good day. At the end of Thursday the Russian stock market has experienced modest declines. RTS Index lost 1.22%. MICEX index fell by 2.41%. Trading volume declined slightly as compared with passing day.

Thursday can be described as a correction to the growth of Tuesday-Wednesday. In doing so, this growth still falls within the framework of technical rebound to 1000 points in the reduction of the MICEX index to a goal in the region of 800 points.

The opening bid will be held today, presumably to gepom up. The immediate objective of growth is located in the vicinity of 980 points. In the course of the day to achieve the district 1000-1020 points, where we recommend that you open a shorts with the foot above items 1050-1070 MICEX index.

U.S. Stock indices closed the auction on Thursday assured growth. Purchases have been fairly evenly across all sectors. Supporting the bulls has had a corporate reporting (Bed Bath Beyond, Lennar) and data on U.S. GDP for the first quarter. The indicator lost 5.5% while expectations for the reduction of 5,7%.

bids in Asia continue to purchase. Better market feel raw against the backdrop of rising prices for oil and metals.

Futures on the SP 500 during the current trading session, to reflect on 925 points. The next goal is the growth in the region of 930 points. Breakdown of this level may lead to the return in the range of 930-950 points, which will support the bulls throughout the world. In the event of a resumption of sales to reduce the immediate area is located in the 890-900 points.

Futures on the RTS index in the course of the evening trading session tested the resistance in the region of 95 000-95 500 points. Exit above this level is likely to lead to the development of a rising movement to the area 97 000-99 000 points, where we can find the time to open a short positions.

At 16.30 Moscow time to be published data on incomes and consumer spending. At 17.55 Moscow time consumer sentiment index released by the University of Michigan.

positive external background. America to close the growth, the oil and gas sector in the market, the financial sector is slightly worse than the market. Asia traded mostly up. Final recommendations: Investor - outside market speculators - playing sales.

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USA: Bernanke speech, GDP and oil provided a strong growth

Saturday, June 27th, 2009

On Thursday, June 25, the major stock indices of the United States of America against the background of the publication of better than expected data on the final change in GDP in quarter 1, the words of the head FRS Ben Bernanke regarding the emergency measures to rescue Merrill Lynch, as well as excess cost of $ 70 oil per barrel is finished the day with a positive result.

published statistics showed that the final slowdown of GDP for the country's 1 st quarter were below expectations of 5.7% and amounted to 5.5%, while the number of initial applications for unemployment benefits last week unexpectedly rose from 608 thousand to 627 thousand

Ben Bernanke to protect against allegations of poor actions of regulators in the transaction by the absorption of Merrill Lynch by Bank of America reported that the central bank has made all necessary action on its part.

At the end of the trading barometer blue chips Dow rose 2.07% to the value 8 472.4 points, while the more wide SP 500 index strengthened to 2.14% and reached 920.26 points. Rate with a large proportion of the shares of high-tech companies Nasdaq added 2.07% to the value of 1 829.54 points.

quotes for home goods retailer Bed Bath Beyond jumped to 9.5% to $ 31.08. Earnings per share rose from 30 cents seen a year earlier, to 34 cents, while analysts were expecting 25 cents value per share, which is also greatly improved the general mood of the markets.

Stocks Trade Center JC Penney Co became heavier at 6% to $ 28.20 after JPMorgan Chase analysts have raised recommendations on the securities company, stressing the good profit forecasts due to increased sales and reduced costs.

Papers sporting goods manufacturer Nike, but the slope at 3.3% to $ 51.28 as a result of reports of falling orders for 12%.

Quotations

builder Lennar rushed up to 18% and reached a value of $ 9.19. Click to continue »

Tymoshenko: Strengthening hryvna was due to increasing the production of steel

Saturday, June 27th, 2009

Prime Minister of Ukraine Yulia Tymoshenko believes that strengthening the hryvnia, which is observed in recent months due to increased volumes of production in the metallurgical industry. This, she said today at a meeting with administrative and asset management in Lviv region.

Гривня start a little stronger, and she began to be strengthened because the metallurgical industry for the second consecutive month, showing an increase in the volume of production, - said Tymoshenko.

She also noted that the decline in production in the steel industry earlier led to the weakening of hryvnya.

As reported June 10, Ukrainian Prime Minister Yulia Tymoshenko said that the projected strengthening of the course hryvna. According to her, will help to strengthen the hryvna the decision of the International Monetary Fund (IMF) to increase the amount of financial assistance trenches, which provided Ukraine.

Yulia Tymoshenko noted that the first revision of the program of cooperation between Ukraine and the IMF, it was decided to allocate in June-July tranches in the amount of 3.2 billion dollars in November of this year - 3.8 billion dollars (according to the first variant of the agreement Ukraine was to receive in August, 1.1 billion dollars in November, $ 3 billion - ed.). Click to continue »

VTB in conjunction with the German Fraport Group had received the right to reconstruct and operate the airport Pulkovo

Saturday, June 27th, 2009

Ltd. Air Gates northern capital created by the bank VTB Bank Europe plc (a member of the group VTB) and the operator of the airport Frankfurt Fraport Group, received the right to reconstruct and operate the airport Pulkovo. This was announced today at the meeting of the committee to hold an open competition for the right to conclude an agreement on the establishment, rehabilitation and maintenance through public-private partnership of members of the airport property.

Governor of St. Petersburg Valentina Matvienko, summing up the meeting, noted that the competition was attended by the three applications, which the commission considered in terms of financial, technical and legal components. Won application, obtained as a result of the greatest number of points - 78.

Consortium Air Gate northern capital offered the best conditions for the city - to allocate 11.5% of turnover in the city budget, not including taxes. Click to continue »

Mechel has signed contracts for the supply of coal in 2009 with companies from China, Japan and South Korea

Saturday, June 27th, 2009

OJSC Mechel has signed a series of contracts for the supply of coking and steam coal to the Chinese, Japanese and South Korean companies in 2009.

Mechel continues to work to expand the geography of coal sales. Having a positive long-term experience of supply of coal to Japan and South Korea, in 2009 the company was also on the carbon market of China, concluded a number of major new contracts with local consumers, said the company.

The company has already begun in China to supply coking coal concentrate production Yakutuglya, as well as various brands of energy coal. Total for 2009 financial year with the Chinese, Japanese and South Korean companies for the time being awarded the contract for the supply of about 2 million tonnes of coking coal concentrate production Yakutuglya and 2.3 million tonnes of energy coal production marks Yakutuglya and Southern Kuzbass.

Also in 2007, Mechel is selling to China, iron ore concentrate, which is produced in the group Korshunovskom GOKe. Click to continue »

Prices pair EUR / USD tried to fix the level of resistance above 1.3960

Saturday, June 27th, 2009

USD /JPY

Prices testing the resistance level of 96.30. If he will be overcome to continue growth, the primary purpose of which is likely to become a mark 96.60. The probability of such an outcome suggests that the trend indicator OsMA at 4-hour graph (Figure 1) directed upwards. At the same time, SS went to the zone perekuplennosti and RSI has scheduled a turn down. It is therefore not totally exclude the possibility of back progress toward 96.00/95.90. At the time schedule (Fig. 2), the situation is the same way. OsMA turned up, thus reaffirming the presumption of the possibility of continuing the upward movement. RSI charted the spread down. SS, as in the 4H, included in the zone perekuplennosti. All this suggests the probability of rollback.

So, in my opinion, the possibility of opening positions on the purchase with a close stop-loss is considered only after the confirmation of a breakthrough level of resistance 96.30.

Support: 96.00/95.90, 95.40/30, 95.00/94.90, 94.60/50, 94.10/00, 93.60/50, 93.20/00, 92.80/75, 92.40, 92.00, 91.55, 91.00, 90.70, 90.00.

Resistance: 96.30, 96.60, 97.00, 97.50/75, 98.00, 98.35, 98.60, 98.90/99.00, 99.40/60, 100.00, 100.50, 101.00, 101.40/50, 101.70, 102.00/10, 102.60, 102.90, 103.60, 104.00.

USD /CHF

After strong growth, due to information about currency intervention SHNB prices entered a phase of consolidation in the range, limited levels of 1.0960 - 1.0995. At the moment they are trying to overcome its lower limit. If it is reversed, the decline continues, the primary purpose of which is likely to become a mark 1.0900. However, at the 4-hour graph (Fig.3) trend indicator OsMA quite confidently turned up. Therefore, it is likely that prices will not be able to penetrate the specified point and resume growth. At the time schedule (Fig. 4) OsMA directed downward, thereby signaling a breakthrough in favor of the lower limit of the channel and the further fall. SS and the RSI are deployed in the direction of bull that is in favor of the early phase of growth in the range.

Given the above, in my opinion, is to wait for clarification before making any trading decisions. Positions for purchase with a close stop-loss to open only after the confirmation of a breakthrough level of 1.1000. If you break the lower limit of the channel - selling.

Support: 1.0940/35, 1.0900, 1.0850/40, 1.0800, 1.0760, 1.0730, 1.0700, 1.0650/30, 1.0615/00, 1.0550, 1.0500/1.0490, 1.0400, 1.0350, 1.0300, 1.0250, 1.0200, 1.0175, 1.0130, 1.0100, 1.0070. Click to continue »

The course has increased the dollar - a daily review of the cash markets

Saturday, June 27th, 2009

25.06.09 condition at 14:00 the Kiev Banks and Items of currency exchange (PAE) is most often buy 1 USD at the price of 7.6600 UAH, that expensive at 2.00 cop. than yesterday and offered at a price of 7.7100 UAH, that the more expensive cop at 2.00.

of the Bank and the Stand for purchase 1 USD fluctuate within 7.6100 - 7.6900 UAH.

Best Offers to buy 1 USD at this time set in the following banks and Stand:
7.6900 UAH - Globe;; Prime Bank;; Trust Capital;; UPB;; Unexbank CAUX number 1;; Absolut;; Altair groups;; Скринька 2005;;
7.6801 UAH - Union-Garant;;

of the Bank and Stand for sale 1 USD fluctuate within 7.7000 - 7.7500 UAH.

best selling 1 USD at this time set in the following banks and Stand:
7.7000 UAH - Agrocombank CAUX number 1;; Diamantbank CAUX;; INDEX-BANK;; FUIB CF; ; Prominvestbank;; Swedbank;; UPB;; Ukrstroyinvestbank;; Unexbank;;
7.7100 UAH - Akkordbank;, Aktiv-Bank;; Business Standard;; Globe;, Daniel;; Diamantbank;; Credit-Dnepr KF;; Sberbank Russia;; Synthesis;; Unexbank CAUX number 1;; Nika;;

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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 10.8000 UAH, which is cheaper at 5.00 kopecks.

of the Bank and the Stand for the purchase of 1 EUR fluctuate in 10.6000 - 10.7350 UAH.

Best Offers to buy 1 EUR at this time set in the following banks and Stand:
10.7350 UAH - Artada,; Nika;; SDYUSHOR-Kiev;; Скринька 2005;;
10.7301 UAH - Union-Garant;;

the Bank and Stand for sale 1 EUR vary in 10.7600 - 10.9000 UAH. Click to continue »

The global trend is still down in the near future, the MICEX and RTS indices may again test the level of 900 points

Saturday, June 27th, 2009

Despite the rather optimistic foreign background in the morning on the Russian stock market was a small correction. Apparently, investors decided to lock the profit, does yesterday's rally was quite strong compared to what we saw in the western areas. So far we have seen the side dynamics. Investors await data from abroad: to be published final data on GDP for the United States 1 st quarter of 2009, will now also figures on unemployment benefits. First of all, market participants will look at the GDP. Evening dynamics of the Russian market will build on these indicators.

In my opinion, the global trend, if we are talking about the medium-term outlook remains reduced. At this or next week, we are likely to again test the level of 900 index points on the MICEX and RTS. By the end of this week, market dynamics will be largely determined by the data, which now blow out of the ocean. If they are good, it will support the market, and we will finish the week at the outset. If the data are weak, the market could quickly collapse, and the level of 900, we can come back tomorrow to the closing.

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