09.09.09 20:31 ;
  External background before the opening of Russia's trading evolves ambiguously. On Tuesday, the U.S. stock market finished the trading session a small increase in the indices. As a result, Dow-Jones index rose by 0,594%, SP - to 0,884%, Nasdaq - to 0,941%. Asian areas were traded this morning with the reduction. The value of the Japanese Nikkei fell by 0.963%. China's Shanghai Composite Index lost 0.481%.

As a result, Russia's stock market opened in a small minus. However, later buying resumed. By 12.40 Moscow time the MICEX index grew by 0.29% and amounted to 1153.1 points. RTS index rose to 0.64% to 1143.24 points.

Despite the downward correction in most liquid securities, shares «Sberbank» in the first half of the session continued to grow. Having managed to update the annual maxima, the company's stock began to decline against the backdrop of profit-taking by investors. By the end of the trading securities «Sberbank» lost about 2%. A similar dynamics was observed and papers VTB (-2,12%).

In the middle of the session the majority of the most liquid stocks traded in different directions. Against the background of more costly oil began to rise securities of companies in the oil and gas sector. This growth led the «Lukoil», shares of which enjoyed strong demand and by non-residents. Against the background of colleagues in the sector, shares of curried «Gazprom Neft», lose in a day to 1,5%. The company today reported back on US GAAP for the second quarter. Net profit fell by almost two times, but has exceeded forecasts. Nevertheless, the paper showed negative dynamics.

One of the leaders of the previous session, «Polyus Gold» and «Polymetal», declined today due to the fact that the price of gold fell back below the $ 1000

«If we talk about possible securities-leaders from the next and the next movement, perhaps it will be shares of oil companies, which have not yet played the speculative ideas that have helped grow quotes« Sberbank », - says Alexey Logvin, Chief Economist CC «Rus-Capital». Click to continue »

Russia's steel producers continue to face difficulties due to mounting debt in a number of recent transactions on the intake combined with lack of liquidity that can undermine the overall profitability of the continuing industrial activity within the country, the report said the rating agency Moody s Investors Service.

Over the past few years, Russia's steel sector has been involved in the process of international consolidation of the industry, participating in transactions involving the acquisition of new assets, which contributed to the growth of scale and geographic diversification of Russia's companies, - said Moody s.

However, the subsequent increase in debt, as well as non-uniform quality of assets, especially foreign ones, have a negative impact on the performance of many companies, undermining their profitability.

Many players have undertaken a very ambitious commitments, thus endangering the ratio of assets and liabilities - especially with the decline of funding sources on the background of global recession - and increased pressure on liquidity - explains the report's author Larissa Loznova, vice president and Senior Analyst Corporate Finance Group agency Moody s. - Due to the continued passivity of the steel market agency Moody s expects that the profitability of Russia's manufacturers remain low, at least until the end of 2009, and the possible revival of the sector will only last for 2010.

agency Moody s recognizes that a positive factor for Russia's steel companies was the high level of self-sufficiency in raw materials against the backdrop of rising prices for coal and iron ore in 2008, which allowed them to remain relatively competitive despite a sharp drop in the value of steel in the fourth quarter 2008. Click to continue »

Organization of Petroleum Exporting Countries (OPEC) will not reduce the quota at the meeting, which will open in Vienna on Wednesday evening, said Qatari Oil Minister Abdullah bin Hamad al-Attiyah.

As reports Bloomberg, the Minister satisfied that the OPEC action did not find support among countries not included in the oil cartel, in particular, in Russia.

We have heard much talk about support, but would like to see real support from countries outside of OPEC, said A.al-Attiyah.

International Energy Agency in August raised the forecast of oil production in countries which are not members of OPEC in 2009 and 2010., primarily due to production growth in Russia, as well as the development of oil sands in Canada and the Gulf of Mexico.

Every time we reduce the quotas, they increase production, but it is none of us can help - says Qatari minister. - Everyone must make money, but it must also support each other in order to protect the market. Click to continue »

Committee to monitor the production of OPEC ministers to give member organizations that hold a regular meeting on Wednesday in Vienna to maintain quotas on oil production, told reporters Kuwait's oil minister Sheikh Ahmad al-Abdullah al-Sabah, reported Bloomberg.

According to him, when it is necessary to achieve more rigorous compliance by member countries production quotas. He noted that the level of 75% would be sufficient (now this level is 68%).

Monitoring Committee OPEC production, which includes Iran, Nigeria and Kuwait, examines data on demand and production of oil and make recommendations to ministers meeting of member countries.

OPEC countries last year launched a record decline in production to support oil prices. Prices on world markets rose almost doubled between December and hold a minimum of about $ 70 mark per barrel. Click to continue »

The government decided to violent methods to force the group Privat dividends Ukrnafta - the largest trader in Ukraine. Yesterday, on behalf of the Cabinet Gosgorpromnadzor started checking all parts of the company. Similar checks are Supreme Arbitrage and State Tax Administration. Experts predict that the dispute between the parties to proceed in the legal plane - the group Privat great experience of such a ban checks and cancel their results.

Ukrnafta owns the largest network of gas stations in the country (563 refueling), accounting for 11% of retail sales of fuel. He mines 4.2 million tons of oil and 3.35 billion cubic meters of gas per year. 50% 1 share owned by the company NAK Naftogaz Ukrainy, 42% - group Privat, about 8% - UkrSibbank shareholders and stock brokers.

State Committee for Industrial Safety, Labor Protection and Mining Supervision (Gosgorpromnadzor) 7 September started checking all parts of the company Ukrnafta, said yesterday in a press-service of management committee in the Poltava region. Prior to Sept. 25 will be held in check Borislavnaftogaze, Dolinanaftogaze, Nadvirnanaftogaze, Ahtyrkanaftogaze, Poltavanaftogaze and Chernigovnaftogaze. The press-service department clarified that carry instructions of the Cabinet, and stressed that there is still such a large-scale test Ukrnafta were not conducted. About two weeks ago, like checking the company has tried to Supreme Arbitrage, said yesterday the head of administration Nikolai Sivulsky.

Checks

Ukrnafta and State Tax Administration, said Deputy Chief Minister Natalia Ruban.

In

Ukrnafta reacted calmly to this. We have become accustomed to regular inspections. Another agency, which we will verify that we do not bother - assured the Director of Legal Department Ukrnafta Vyacheslav Kartashov. The purpose of inspections - to force the group Privat to compromise with the state to hold a meeting of shareholders and distribute received in the last two years of profits, according to a Kommersant source close to the company. Click to continue »