September 24th, 2009

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Shares of metallurgical and power sectors in the second half came in the bidding Gainers

Thursday, September 24th, 2009

Today, trading on Russia's stock market ended in negative. Volatility has increased substantially within days after the opening of trading in the States. Statistics, released today, unemployment was better than expected. However, data on sales of homes on the secondary market, which were published at 18:00, were significantly worse than expected, which had a significant influence on the course of trading at the end of the day. As a result, the MICEX index fell by 1.8%.

Shares steel and power sectors in the second half of the trades took the lead growth. The greatest demand was concentrated in shares of FGC UES (5.9%), Polyus Gold (1.4%) and Severstal (1.2%). Shares of the telecommunications sector were also able to go in the positive zone.

bank's shares have remained an outsider today's trading. Weakest on the basis of the day were common shares of Sberbank and VTB, which had dropped in price by 3.6% and 4.2% respectively.

MICEX index continues to trade around the 1,200 points mark. Positive short-term forecast today crossed extremely negative statistics in the States. The immediate support for the index is at 1180 points, and more - 1150 points.

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As of 18:00 Moscow time the volume of trading on the MICEX Stock Exchange amounted to 190.22 billion rubles

Thursday, September 24th, 2009

As of 18:00 Moscow time the volume of trading on the MICEX Stock Exchange amounted to 190.22 billion rubles. or 6.34 billion dollars, the MICEX Index, compared with the value at closing of the previous trading day down by 3.45 part (0.288%) to 1195.38 p.

MICEX Oil Gas Index - fell to 5.89 part (0.261%) to Section 2248.64, MICEX Power Index - rose by 12.3 n. (0.599%) to Section 2064.71, MICEX Telecommunication Index - rose to 3.17 p. (0.221%) to Section 1437.02, MICEX Metals and Mining Index - rose 12.93 subsection (0.412%) to Section 3154.63, MICEX Manufacturing Index - fell to 14.41 paragraph (0.905%) to Section 1577.01, MICEX Financials Index - decreased by 63.23 subsection (1.493%) to 4172.15 p.

MICEX Large Cap Index - fell by 5.7 § (0.29%) to Section 1957.44, MICEX Mid Cap Index - fell to 10.83 paragraph (0.617%) to Section 1743.86, MICEX Start Cap Index - fell by 26.83 n. (0.875%) to 3041.1 p.

top gainers were:

MERIDIAN (18.79%)

Icarus cs (14.35%)

reel cs (11.11%)

SPC-up (10.47%)

VoronEnSbp (9.99%).

Losers were:

PermEnS-n (-20.83%)

Telegraph (-17.61%)

TAGMET cs (-12.45%)

TverEnSb-n (-10.45%)

KirovES cs (-8.80%).

index of corporate bonds MICEX CBI CP compared with the value at closing of the previous trading day down by 0.01 part (0.011%) to 89.37 n. As of 18:00 Moscow time with the corporate bond market concluded 1033 transactions worth 7.88 billion USD . Yield on bonds IDC South 2 with maturing in August 2014 was 17.42% (0.06 percentage points), according to RZD-12obl bonds with maturity in May 2019 - 11.33% (0.13 percentage points) on bonds of OGK-2 01ob with maturity in July 2010 - 12.91% (1.14 percentage points), GazpromA11 on bonds with maturity in June 2014 - 9.95% (0.12 percentage points), for bonds with Gazprneft4 maturing in April 2019 - 11.35% (0.28 percentage points).

index of municipal bonds MICEX MBI CP compared with the value at closing of the previous trading day increased by 0.09 part (0.102%) to 88.54 n. As of 18:00 Moscow time with the regional bond signed 250 deals amounting to 8093.16 million rubles . Yield on bonds MGor62-on with maturity in June 2014 was 12.63% (0.06 percentage points) on the bonds MGor56-on with maturity in September 2016 - 12.95% (0.08 percentage points) on Mos.obl.7v bonds with maturity in April 2014 - 15.74% (0.03 percentage points), Mos.obl.8v bonds with maturity in June 2013 - 15.7% (0 pp) by UVA 2006ob bonds with maturity in December 2009 - 11.03% (1.05 percentage points).

value RGBI price index was 119.02. Compared with the previous day's close it had fallen to 0.03 part (0.025%). Trading volume on the market of government securities amounted to 26.26 billion rubles. SU25057RMFS9 Yield on bonds with maturity in January 2010 was 7.76% (-0.04 percentage points), SU25066RMFS0 on bonds with maturity in July 2011 - 10.2% (-0.03 percentage points) on the bonds SU25067RMFS8 with maturity in October 2012 - 10.67% (0.01 percentage points), SU25068RMFS6 on bonds with maturity in August 2014 - 11.45% (0.05 percentage points), SU26202RMFS0 on bonds with maturity in December 2014 g. - 11.45% (-0.04 percentage points).

Trading volume on the MICEX derivatives market amounted to 6.22 billion rubles. Futures on USD: trading volume - 5.24 billion rubles., Quotation of the nearest futures - 30,19 rub. (-0.0109 Rub.), The volume of open positions - 1.65 million counter. Futures EURO: the volume of open positions - 13,5 thousand counter. MICEX Index futures: trading volume - 915.91 million rubles., Quotation of the nearest futures - 119,920 rubles. (-660 Rub.), The volume of open positions - 2795 counter. Futures on Gazprom: the volume of trades - 42.29 million rubles., Quotation of the nearest futures - 18176 rub. (-351 Rub.), The volume of open positions - 560 contr. Futures on Savings: trading volume - 19.54 million rubles., Quotation of the nearest futures - 5964 rubles. (-153 Rub.), The volume of open positions - 1804 counter.

Following the auction MICEX currency market the U.S. dollar in the UTS with the calculations of tomorrow was 30.0166 rubles. the dollar, which is 0.21 kopecks. (0.007%) lower rate of the previous trading day. The euro at the UTS with the calculations of tomorrow has declined by 9.6 kopecks. to 44.3152 rubles. Total foreign exchange market concluded deals worth 11.5 billion dollars, which is 13.21% higher than the previous trading day.

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Attacks on Swiss banking secrecy can lead to the criminalization of the European elite

Thursday, September 24th, 2009

European leaders must renounce attacks on Swiss bank secrecy and withholding taxes taken from foreigners in order to avoid criminalization of rich taxpayers.

This idea was voiced by the managing partner of the oldest Swiss private bank Wegelin Co. and president of the Swiss Private Bankers Association Konrad Hummler. If there is a real desire to criminalize the part of elites in European countries, it will be a greater problem for these countries than in Switzerland. The majority of our European clients are not criminals, they just have diversified savings outside their home country, - quoted Hummlera agency Bloomberg.

Last week, Swiss banks offered to withhold taxes from foreigners in an attempt to avert attacks on its banking secrecy from the United States, Germany and France. Bankers Association of the country has developed a proposal that data on the client will be known only to banks and the Government of Switzerland.

Withholding taxes may in the future to prevent the investigation, similar to the former executive director of Deutsche Post AG Klaus Tsumvinkelya, who admitted to concealing part of their income in Liechtenstein. The banker was found guilty of tax evasion amounting to 970 thousand euros and sentenced to two years of imprisonment and a fine of 1 million euros. Click to continue »

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Now the revival of demand is observed in the papers of LUKoil, which four days were caught in the corridor of 1600-1650 rubles

Thursday, September 24th, 2009

Trading day is a somewhat different way than we imagined, and not as logic dictates. Bears have failed to fully use the external news background for the game for a fall and unable to occupy the market for a long time.

now against the background of weak trading in Europe and grow sluggishly in oil prices, we see the bright spots of growth in Russia market field.

interest of speculators to oil industry is unlikely someone could surprise. Although there is a small intrigue - the revival of demand in the papers of LUKoil, which four days were caught in the corridor of 1600-1650 rubles. And in the shelter to keep out during notable movements in the market. The lower boundary of the corridor now been tested, but not put quotes. Now in danger of the upper limit of the corridor.

It draws attention to the growth of a large volume of trades of shares Uralkali. The papers struck the resistance level of 113 rubles (the central axis of the downstream channel from August 13, 2009), they are now with some confidence can be expected from the resistance line Canal, pulled into the area 118 rubles.

It's impossible not to notice the growth of securities of FGC UES. After the breakdown of the annual peak of technical papers to become a mark 0,401 /0,403 rubles (line correction on the Fibonacci 161,8% to the fall of quotations from 9 June to 13 July 2009). But count on a jackpot is better only those who have already holds securities in the portfolio, buy now, we would not have dared. Reasoning in the speculative, and if you choose something out of energy, safer from a technical point of view, to buy weakened Paper RusHydro .

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AvtoVAZ dismiss nearly 28 thousand employees

Thursday, September 24th, 2009

AVTOVAZ has reached agreement with unions to reduce the company's staff of 27 thousand 600 people. This is stated in the message AvtoVAZ.

September 23, 2009 President, Igor Komarov, and the union AVTOVAZ discussed activities in accordance with which the target number of employees will be about 75 thousand people.

According to the scheme provided by union leaders, in total, will release no more than 27 thousand 600 people, including 5 thousand executives, professionals and employees, an order which was issued on September 14, 2009

Today AVTOVAZ works 102 000 people. This team can not provide the effectiveness and sustainability of production, therefore, agreed to reduce the number of staff:

13 000 pensioners, who will be paid all agreed collective agreement amount. Click to continue »

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Sugar can not grow

Thursday, September 24th, 2009

government could not increase subsidies to farmers for sowing of sugar beet. Cabinet yesterday decided to keep them at last year's level - 750 UAH per hectare of crops. These funds are not sufficient to offset the costs of cultivation of rice and its cultivation area will remain at the level of last year, say market participants. Thus, by mid-2010 in Ukraine will be shortage of sugar in the amount of about 600 thousand tons, increasing prices in the country's dependence on world prices, which will grow until 2011, experts say.

yesterday at a government meeting it was decided to allocate 219 million from the stabilization fund UAH subsidies to producers of sugar beets, said Minister of Agrarian Policy Yuriy Melnyk. Grants will be distributed at the rate of 750 UAH per hectare of crops. It does not exceed the level of last year, - noted the chairman of the association Ukrtsukor Nicholas Yarchuk.
The government subsidizes sugar beet crop from last year because of the outbreak in 2006, reducing their areas. Then, as a result of overproduction of sugar in the country, its prices have fallen sharply declined and the purchase prices for beets.

At the same time in 2007/2008 increased purchase prices for grain, the profitability of cultivation of which reached 100%, and beets - no more than 30-40%. As a result, farmers have reduced the area under sugar beet and grain crops expand, say market participants. With the help of grants last year to stop the reduction of the areas under sugar beet could not - they dropped from 584 thousand hectares in 2007 to 333 thousand hectares in the past. Click to continue »

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Big oil traders reduce supply to Iran in relation to possible U.S. sanctions

Thursday, September 24th, 2009

Big oil traders reduce supply to Iran in relation to possible U.S. sanctions against the State, reported the newspaper The Wall Street Journal.

reason

possible sanctions - Iran's nuclear program.

talk about sanctions arose after the West began to put pressure on Iran so that he has reduced its nuclear program.

Some of the major oil companies do not have to wait and began training - the newspaper writes.

British BP six months ago stopped supplying gasoline and other petroleum products to Iran, the WSJ said citing a source familiar with the situation. The French company Total has assured that it would suspend deliveries if the United States and European countries have approved measures aimed at reducing the export of oil products in Iran.

According to the newspaper, American companies are prohibited from supplying petroleum products to Iran. Click to continue »

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Russia's indexes are adjusted for the negative external background, but the possibility of rebound in the second half of the day is saved

Thursday, September 24th, 2009

 
  
 
 
  24.09.09 13:05 ;
  On the negative external background trading on domestic exchanges began with a drawdown indices. At the opening of the RTS index has lost 0,56% and fell to 1246 points. The MICEX index fell by 0,4%. Later, sales have increased. By 12.50 Moscow time the MICEX index was 1188.84 points (-0.83%), RTS index - 1241.4 points (-1%).

Corrective mood observed in Europe. The FTSE loses to 12.50 Moscow time, 0,72%, the index DAX - 1,16%, the index CAC 40 - 0,95%.

In the red zone expected shares traded oil and gas companies. The leaders act to reduce paper LUKoil - reduction on them is 1.6%. Gazprom is losing 0,84%, Rosneft - 03%.

include moving against the market shares of securities allocated to BRIC be added 2,2%.

In the precious metals market is developing a growing trend. Today, prices are near a local maximum in 2009 - $ 1,013.8 an ounce. Against this backdrop, shares of Polyus Gold will grow by 2%. In the market of industrial metals, on the contrary, there is a decline. The reduction of shares in Norilsk Nickel was the date hereof 2,6%.

dominated the last days of the banking sector shares also under pressure: Savings is reduced by 1,22%, VTB - on 0,17%.

By 12.50 Moscow time, Russia's ADRs for shares in London (in dollars per share) are: LUKOIL - 53.1 Norilsk Nickel - 123,8, Rosneft - 7,53, Gazprom - 5, 95. Click to continue »

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In the 2 quarter of 2009, Pharmacy Chain 36.6 has reduced the net loss under IFRS at 65.3% to 155.5 million rubles

Thursday, September 24th, 2009

OAO Pharmacy Chain 36.6 in the 2 quarter of 2009 reduced the net loss under IFRS from 447.7 million rubles in the 2 quarter of 2008 to 155.5 million rubles, which is an improvement in comparison with 2 blocks in 2008 to 65 , 3%, the report says the company.

The main indicators of the Group of up to 2 quarters of 2009:

- EBITDA for the retail segment improved by 119.2% (in rubles) compared with the 2 quarter of 2008;

- Group sales from continuing operations decreased by 14,2% to 5 592.8 million rubles;

- Gross profit from continuing operations increased by 4,7% to 2 365.5 million rubles, which is 42,3% of total consolidated sales;

- EBITDA for the Group from continuing operations reached 611.9 million rubles, compared with 220.8 million rubles for the 2 quarter of 2008, representing an improvement in the rate of 177.1%;

- Net loss from ongoing operatsiy1 (excluding effect of exchange rate changes and the profits earned from the sale of the European Medical Center) dropped from 447.7 million rubles in the 2 quarter of 2008 to 155.5 million rubles.

compared to the same period last year, in the 2 quarter of 2009, sales in the retail segment decreased to RUR 21,4% to 5 149.1 million rubles to 4 045.1 million rubles due to the closure of unprofitable pharmacies partial defektury product resulting from the reduction of working capital and reduce consumer demand.

sales decrease in the 2 quarter of 2009 compared to the 1 st quarter 2009 at 15.6% due primarily to the closure of the pharmacy (a net reduction of 43 pharmacies in the 1 st quarter of 2009 and by 48 pharmacies - in the 2 quarter of 2009 ), seasonality and reduced level of consumer demand. In 1 half of 2009 sales in the retail segment decreased to RUR 17,6% 10 731.6 million rubles to 8 837.6 million rubles.

In the retail segment gross margin increased from 26,0% in the 2 quarter of 2008 to 32,8% in the 2 quarter of 2009, and by 2,5% compared with the 1 st quarter of 2009. This result was achieved by increasing the proportion of goods under its own trademark (CTM) in total sales (from 3,6% in the 2 quarter of 2008 to 6,9% in the 2 quarters of 2009), successful businesses to lower prices from suppliers, improved pricing and assortment policy. Click to continue »

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Most Asian indexes fall on Thursday owing to falling commodity prices

Thursday, September 24th, 2009

Most Asian stock indexes fell on Thursday owing to falling commodity prices. On the Japanese stock markets on the rise, as brokers have improved the rating of the shares Toshiba Corp. and Fast Retailing Corp., reported Bloomberg.

Composite Stock Index of the Asia-Pacific region MSCI Asia Pacific has not changed with the opening of tenders. The fall observed in all markets except Japan and Indonesia.

Japanese index Nikkei 225 rose 1.7%, despite the Government's reduction of exports in August the 11 th consecutive month - by 36%.

Hong Kong Hang Seng lost 2.5%, Chinese Shanghai Composite - 1,2%.

Everyone agrees that the worst is behind us. However, it is difficult to see how fast will recovery, - said Tim Shreders of Pengana Capital Ltd.

value of shares of the world's biggest mining group BHP Billiton Ltd. dropped by 1,5%. Employees of one of the copper mines in Chile, BHP will begin a strike next week because they did not suit the last sentence of the company's management on wages, the head of the union mine Andres Ramirez. Click to continue »

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