July 13th, 2009

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Today, the greatest losses on the stock exchange RTS stock market suffered a steel and mining sector

Monday, July 13th, 2009

RTS has completed bidding Monday on rising 0.05% to end up 835.61 points. Indicator RTS-2 to close today's session, however, decreased by 1.06% and completed it in a way, at around 805.36 Fri.

better market against the background of the stabilization in energy prices appeared today shares in companies ECPs, as well as in the global trend, the paper banks.

On the other hand, the greatest loss at the RTS Stock Exchange today, the stock suffered a sector of metallurgy and mining.

Investors are likely to alert issued Sunday by the information that the President of the Group ONEKSIM M. Prokhorov favor of the merger of UC RUSAL and MMC Norilsk Nickel to - in his words - to be able to compete with world steel industry giants.

However, it should be noted that the processes of consolidation, mergers and acquisitions - the traditional factor contributing to higher prices blue chips. It is possible that this market segment is just warms up before activating a relatively purchases of securities.

However, the auction in New York began rising leading U.S. stock indexes, which is led by shares of credit institutions. This week its quarterly financial statistics published Goldman Sachs, Bank of America, JPMorgan Chase Co. and Citigroup Inc., and today's increasing market ranking banking analyst CNBC M. Whitney was apparently well received by investors.

At the moment, the background information leading up to the corporate reporting season in the U.S. is cautiously positive in nature. These indicators of U.S. retail sales, industrial production and sales of housing, which entered the market on Tuesday, Wednesday and Friday, respectively, may reflect the result of the impact of financial incentives of American financial authorities, held in the first half of 2009

RTS, apparently remains in the downward trend, but the spread of this trend in the coming weeks is possible. A further fall in the price segment of the investment could nullify all the efforts of the international regulatory frameworks for the normalization of the financial markets.

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Rosnedra extended Uralkali duration of the construction project of mine at the Ust-Yayvinskom station until 2011

Monday, July 13th, 2009

Federal Agency for Subsoil Use (Rosnedra) has signed an additional agreement to license the company Uralkali at Ust-Yayvinsky station, said Uralkali.

additional term of the agreement Uralkali and agree with the public authorities of the mine project in Ust-Yayvinskom station extended until 15 May 2011. The total period of entering the mine into operation remains unchanged - until Aug. 15, 2018.

In 2008, during the design Uralkali new mine and the preparation of a feasibility study revealed that under the new Forest Code of the Russian land in the Green Zone can not be granted leases for the development of mineral deposits.

In this regard, but also because of the deteriorating situation in the world economy, in December the Board of Directors Uralkali has decided to change the concept of development of the Ust-Yayvinskogo site and prepare a draft development of its reserves by adhering to the underground mine workings second ( BKPRU-2), rather than by building a new mine, as previously planned. Company Uralkali asked to Rosnedra with a request to amend the license agreement and to extend for a period of 1.5 years, new project development site. Click to continue »

The nearest support for the RTS index is in the range of 760-830 points

Monday, July 13th, 2009

Shares of Russian companies traded in positive territory. Gazprom adds 1%, Sberbank of 2%. VTB grows at 0.6%. As leaders of preferred stock Surgutneftegas, showing an increase of 4%. Lukoil and Rosneft added to 3%.

This week is rich in statistics for the United States economy. On Tuesday and Wednesday went on inflation. Analysts expect an increase in the CPI rate 0.6%, which can be seen as increasing the activity of buyers. Statistics on retail sales for June, can add optimistic. Expected to increase sales by 0.5%. Loading production lines and industrial production is projected to continue to decline. Data on permits for new structures, and beginning construction of homes that go on Friday, is unlikely to strongly influence the course of bidding. Real estate market continues to remain at the bottom, and signals to his early recovery is not visible.

At the European sites is observed positive dynamics. FTSE100 index adds 0.5%, CAC30 and DAX40 show an increase of 0.2% and 0.6% respectively. Investors expect the output of reporting companies for the second quarter.

Quotations August futures for oil brands BRENT, add in the price of $ 0.28, selling close to the minimum mark of May this year at $ 60. Analysts believe that the decline may continue in the future. The mood is negative with respect to the projected oil consumption in the world. The increase in unemployment at the current moment, can not speak about the restoration of black gold. The picture was exacerbated on tanker freight rates. Transportation of crude oil price continues to decline. Weekly statistics on stocks of crude oil in the United States, published on Wednesday, could provide some support.

RTS Index declines by 0.5%. With maximum values of June this year the reduction is 31%. Nearest support is in the range 760-830 Fri. MICEX 10 Index increasing by 1.42%. Trade is conducted near the 884 mark Fri.

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Loans to legal entities - Market Review

Monday, July 13th, 2009

13.07.2009 at 10:30 am in the market of crediting of legal persons has been fixed as follows.

for loans from 50000,00 UAH offers banks fluctuate in following ranges:
At 1 month - 21.00% - 22.00% per annum, with 21.00% - UPB;
At 3 months - 22.00% per annum, with 22.00% - Agrocombank, UPB;
At 6 months - 22.00% -- 23.00% per annum, with 22.00% - Agrocombank;
At 12 months - 22.00% - 25.00% per annum, with 22.00% - Agrocombank;
At 18 months - 25.00% per annum, with 25.00% - Radabank;
At 24 months - 25.00% per annum, with 25.00% - Radabank;
At 36 months - 25.00% per annum, with 25.00% - Radabank.

most frequent such offers:
At 1 month - 22.00%, which corresponds to the amount of refund 50916.67 UAH - offer: Agrocombank.
At 3 months - 22.00%, which corresponds to the amount of monthly repayment 17281.48 UAH - offer: Agrocombank, UPB.
At 6 months - 23.00%, which corresponds to the amount of monthly repayment 8901.20 UAH - offer: UPB.
At 12 months - 25.00%, which corresponds to the amount of monthly repayment 4752.21 UAH - offer: Radabank.
At 18 months - 25.00%, which corresponds to monthly repayment amount 3359.59 UAH - offer: Radabank.
At 24 months - 25.00%, which corresponds to the amount of monthly repayment 2668.58 UAH - offer: Radabank.
At 36 months - 25.00%, which corresponds to the amount of monthly repayment 1987.99 UAH -- offer: Radabank.

;

for loans from 10000,00 USD offers banks fluctuate in following ranges:
At 1 month - 16.00% per annum, with 16.00% - Agrocombank, UPB;
At 3 months - 16.00% per annum, with 16.00% - Agrocombank, UPB;
At 6 months - 16.00% - 17.00% per annum, while 16.00% - Agrocombank;
At 12 months - 16.00% - 18.00% per annum, with 16.00% - Agrocombank. Click to continue »

In the 1 half of 2009 retail sales M.video grew by 12% to 38.4 billion rubles

Monday, July 13th, 2009

July 13, OJSC Company M.video announced unaudited figures of retail sales and comparable store sales (an indicator like-for-like, LfL) trading network M.video in the first half and second quarter of 2009, as well as the results of the program development of the network.

Key figures first half of 2009:

• growth in retail sales by 12%;

• comparable store sales decline (LfL) at 5.9%;

• reducing the overall debt by 61% (compared to 2008 year);

• east area stores to 13 500 thousand square meters.

In the first half of 2009, retail sales network M.video amounted to 38 442 million rubles (including VAT), showing an increase of 12% in ruble terms, compared with the same period of 2008. Sales of comparable stores network M.video in the first half of 2009 decreased by 5.9% in ruble terms.

In the second quarter of 2009, retail sales network declined by 7% in ruble terms, compared with the second quarter last year. In doing so, the sale of comparable stores in the reporting period, reflecting unfavorable market conditions, showed a negative momentum, dropping to 21% in ruble terms, compared with the second quarter of 2008.

In the first half of 2009 the company opened 7 new hypermarkets. In the reporting period was closed 2 shop - in Moscow and in Naberezhnye Chelny. On 30 June 2009 the total number of stores M.video of 162 hypermarkets, compared with 157 stores operating by the end of last year. The total area of shops M.video grew by 3% to 430 000 square meters. in comparison with 2008 year.

dolg1 Net Company as at 30 June 2009 amounted to 2.5 billion rubles (total debt amounted to 2.9 billion rubles, and net cash amounted to 421 million rubles). During the first half of the company reduced its overall bank debt by 61% compared with the end of 2008.

This year, the majority of operators of the retail market was confronted with various difficulties caused by the slowdown of world economy, and affecting Russia. While many retailers are forced to deal with the financing of business and closed its retail outlets, M.video continues to open new stores and using its stable financial position to increase market share , - said the company president Alexander Tynkovan.

He also added that a good balance of structure and low debt M.video reinforce confidence in the company's suppliers and business partners. The company will follow its successful strategy, which would further strengthen the competitive position in the market and the preservation of sustainable financial situation, which guarantees safety for the future.

The main indicators of the network in the second quarter and first half of 2009:

Retail sales *

; 1 st floor. 2009 1 st floor. 2008 Change,% 2 square. 2009 2 square. 2008 Change,%
In million rubles (including VAT) 38 442 34 463 12% 15 308 16 411 -7%
millions of rubles (without VAT) 32 578 29 206 12% 12 973 13 908 -7%

dynamics of sales of comparable stores (LfL )**

; results of the 1 st half of 2009,% results of the 2 nd quarter of 2009,%
The Russian ruble -5.9% -20.6%

Development Network

; On Jun 30, 2009 On December 31, 2008 New 1 st floor. 2009 Change,%
Shops 162 157 5 *** 3%
Total area, thousand square meters. m 430 000 416 500 13 500 *** 3%

1 Net total debt and the company presented in Russian Rubles, given that currency borrowings are translated into rubles at the official exchange rate of the CBR on 30.06.2009 for the convenience of presentation.

* - the functional currency of the M.video is the Russian Ruble.

** - information about the sales of comparable stores (like-for-like) based on a comparison of stores open, no later than January 1, 2008, and is not closed for two weeks or more, or not changed its total area of more than 20% thereafter.

*** - in view of the closed stores. Click to continue »

Last Friday a pair of Euro / dollar rose in the U.S. session, up to 1.3970

Monday, July 13th, 2009

Last Friday a pair of Euro /dollar rose in the U.S. session, up to 1.3970 after testing the bottom in Europe at the level of 1.3880. Pound /dollar reached 1.6160. The pair dollar /yen to test the bottom near the 91.80 level. Rate euro /yen fell to 127.80.

Last Friday Dow Jones index of the New York Stock Exchange fell by 36.65 points (-0.45%). SP 500 index dropped 3.55 points (-0.40%).

Last Friday the price of WTI crude oil in New York fell to the closure of bidding below the level of 60.00 dollars per barrel.

Today in Asia remained the main driver market Japanese yen, which is significantly correlated with the dynamics of the stock market. The index of the Tokyo Stock Exchange Nikkei-225 fell 236.95 points (-2.55%). Index of the Hong Kong Stock Exchange Hang Seng fell by 364.71 points (-2.06%). Singapore Straits Times Index rising to 6.60 points (0.29%).

Today in Asia pair dollar /yen after the raise to the level of 92.93 dropped to the Asian session, up to 92.00. Exchange Euro /yen rose to 129.85 marks, but later fell to 128.02. Exchange Euro /dollar fell to 1.3895 marks. Pound /dollar traded near 1.6100 level.

The experts note that the drop in stock indexes and oil prices contributed to more risky instruments sales and purchases of dollars and Japanese yen.

Today, the price of WTI crude oil in electronic trading in New York fell by 0.71 dollars to 59.18 dollars per barrel.

The final value of Industrial output (index of industrial production) in Japan in May 2009 was 5.7% for the month, -29.5% for the year (forecast 5.9% during the month, -29.5% for the year, the previous value of 5.9% per month , -29.5% for the year).

Start the European session, has made adjustments to the dynamics of the foreign exchange market. Click to continue »

It is likely achieve the level of support for the MICEX index 850 points

Monday, July 13th, 2009

Russia

index U.S. consumer sentiment in July, falling below forecast levels, coupled with the continuing negative in the oil market, were the main catalysts for the negative dynamics of the major American stock indexes. Quotations Sears Holdings Corp .- one of the leading retailers lost more than 8% against a background of macroeconomic statistics, as well as the unemployment rate is approaching 10% mark. Stock Exxon Mobil Corp. decreased by 5% because of fears about the fall of the oil market could undermine the recovery in demand. A vast drop in quotations to one of the largest U.S. insurance companies - AIG, has lost approximately 36% to close after comments from Citigroup Inc. that the company may lose the attractiveness for investors after the acquisition of majority of the state.

The Russian stock market came close to the lower border of the ascending corridor's consent to start in January 2009., reaching the position 870p. MICEX index. At the same time, despite the pereprodannost, achieving the level of support for 850p. it is likely that it will be returning to the levels of consolidation of the market in April this year. In the event of breakdown of the level, the next stop for the market is likely to become standard of 800p. to the achievement of bottom line tapes Bollindzhera on a weekly scale, with a continued fall will provide an opportunity to lose the next 50 points, and movement to 750p. MICEX index.

Europe

European shares fell on the tender on Friday, with the biggest losses have the producers of oil, as a negative forecast U.S. oil company Chevron has revived fears about corporate profits. The evening of Thursday Chevron warned that its profit in the second quarter will be lower due to a sharp fall in profitability of refining, and all profits from rising oil prices, largely offset the weak dollar. Paper Royal Dutch Shell, BP, BG Group and cheaper to 0,35-1,12 percent. Quotations German chip manufacturer Infineon rose to 5.04 percent after the company said that plans to issue shares, and Apollo Management LP intends to buy a stake in the company.


FT-SE 100 -31.49 -0.76%
DAX -53.76 -1.16%
CAC40 -42.84 -1.42%

Asia

Asian markets falling on the background of general decline in prices of commodities and assets after the MSCI Asia Pacific Index on fears of a possible delay in recovery of the U.S. economy. Taiwan Taiex Index fell by the maximum value for the last month, driven by concerns about the negotiations in trade agreements and the actual steps to implement them. Samsung Electronics Co .- fell by 3.3% on the bid in Seoul, after the collapse of consumer confidence in the United States. Cathay Financial Holding Co .- lost 6.7% in Taipei, following a statement by the official authorities of the possible signing of an agreement with China next year.


NIKKEI 225 -236.95 -2.55%
HANG SENG INDEX -454.85 -2.57%
SHANGHAI SE A SHARE INDX -35.12 -1.07%
SHANGHAI SE B SHARE INDX -0.88 -0.44%
KOSPI INDEX -50.50 -3.53%

United States

U.S. stocks fell at the auction on Friday except for the technology sector after the oil giant Chevron lowered forecast earnings for the second quarter of 2009, and the index of consumer sentiment fell instead of the expected growth. American Chevron Corp expects that its results will have a negative impact of sharp decline in revenue from oil refining in the United States and that the rise in oil prices нивелирует weakening dollar. Trading on U.S. stock markets were very volatile, as investors monitor the records of companies, trying to predict the prospects for economic development. Aluminum producer Alcoa Inc, announced on Wednesday on a smaller loss than expected, raised the positive tone of the corporate reporting season. SP 500 Index was able to rise to 40 per cent since March in the wake of the minimum expectations of a quick economic recovery, but investors are wary of forecasts of economic viability of recovery.


DJIA -36.65 -0.45%
SP 500 -3.55 -0.40%
NASDAQ COMPOSITE INDEX 3.48 0.20%
NASDAQ 100 4.86 0.34 %

Closure ADR GDR trading on the western sites were divergent in nature.

Gazprom 0.26%
Rosneft 0.81%
Surgutneftegas 1.31%
MMC Norilsk Nickel -0.19%
Rostelekom -0.18%
Gazpromneft -0.53%

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IBRD net income for 2008 under IFRS amounted to 107 million rubles

Monday, July 13th, 2009

  At the end of 2008, consolidated assets * OAO AKB Moscow Bank for Reconstruction and Development have grown in comparison with 2007 by 35% to 166 568 million rubles., Equity capital * increased 85% to 13 798 million rubles. * The loan portfolio grew by 43% and amounted to 99 653 million rubles. * Net profit amounted to 107 264 thousand rubles.

In the past year, capital of the bank was increased to 6 352 million rubles. that is clearly an additional source of funding and a guarantee of financial stability and profitability of the IBRD. To date, the value of standards in line with the requirements of Bank Liquidity Bank of Russia: as of 1.06.09 H2 (instantaneous) and H3 (current) substantially exceed the regulator set a minimum bar for 15 and 50%, respectively, equal to 115.9 and 110.4%.

In 2008, in time have been repaid a syndicated loan bank WestLB AG, London for the sum of 40 million euros, two credit bank Dresdner Bank, London, totaling 125 million U.S. dollars, and already in 2009 in full and on time The third issue of Eurobonds amounting to U.S. $ 100 million. Today IBRD no other obligations on public debt instruments to maturity before the end of 2009

According to the chairman of Bank of Sergei Zaitsev: started in 2008 in Russia financial crisis associated with the events in the international economy and global financial markets, significantly influenced the development plans of the IBRD and adjust the strategy the bank. Click to continue »

GM calls for royalties for using the brand name of Opel

Monday, July 13th, 2009

General Motors (GM) wants to receive royalties for the use of its technology after a deal to sell its European division - the company Opel. According to financial director of GM Ray Young, the issue of intellectual property rights - the chief of the negotiations with the applicants on the Opel.

Negotiations on the sale of Opel from the three main contenders - Canadian-Austrian Magna, acting in consortium with the Russian Savings Bank, a Belgian RHJ International and Chinese public car Beijing Automotive Industry Holding Co. (BAIC) - continued.

RHJ could provide a new, improved proposal for the purchase of Opel. It was expected that the new proposal will involve reducing the amount of guarantees provided for Opel by the Government of Germany (up to 3.8 billion euros compared with 4.5 billion, which requests the Canadian Magna).

Talks GM also raised the question of increasing their share of the Opel in the future if the situation in the German company will improve. Click to continue »

Correction on the Russian stock market today continues

Monday, July 13th, 2009

On Friday, July 10, the Russian market opens on neutral territory, but almost immediately went down as desheveyuschaya oil caused the strongest over the past few months, a weakening ruble bivalyutnoy on the basket, that could not affect attitudes of investors in ruble assets. The index of the MICEX, while in the middle of the day and fell below 880 points, updating the June local maximum, falling not too aggressively against the background of low activity and lack of trades trend in external markets, which continue to expect an important landmark in the form of corporate reporting for the second quarter. Much worse than look at the dynamics of quotations of dollar-denominated RTS, where the main index lost 5.62%, down to 835.23 points.

looked better market the oil and gas sector (MICEX OG -1,65%) - probably because of lower oil prices immediately otygryvalos equity sector during the previous days, a weakening ruble, if it continues, for the benefit of export-oriented sector. Shares Rosneft completed the day and is in good plus (1,66%), very moderate losses equities Lukoil (-0.38%). In other industry segments, the loss is significant. Telecommunications MICEX TLC -3,48%, led by prefami Rostelecom (-4.35%) and shares of AFK Sistema (-3.91%). Metallurgical index MICEX MM -3,9%, in a symbolic black only CMI shares (0.05%), increased in June, the production of commodity steel products at 18.3%, however, on the basis of 1 semester, the decrease in 1,7 times.

The most significant losses - over the shares of TMK (-7.12%) and Mechel (-6.91%), which is a net loss in the first quarter of 2009 on the US GAAP amounted to 691 million, up 39% compared with losses in the fourth quarter of 2008. In the banking sector, sales for the entire range of securities, index MICEX FNL -3,91%, Sberbank obychka -5.06% and -7.12% prefy shares VTB -5.74%. Outsider looking electricity, MICEX PWR -4,98% against a background of sales in FGC UES (-7.17%) and the WGC events, quotes, which fell within 6%.

Expectations for today: ambient background Monday morning negative for Russian market: to continue selling in the Asian sites, markedly reduced in the U.S. futures indices, quotes, oil near the minima Friday that continues to exert pressure on the Russian currency market. Correction continues.

Today in the United States is not expected to release important statdannyh, but this week the publication of accounts for the height of the bank accounts, on the one hand, creates a danger to the American stock market, and on the other - can lead to recovery in the event of failure of good data. We still prefer the first scenario, since while expectations for the publication of corporate reports to participants in the American market have been largely negative.

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