March 17th, 2010

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European indexes grow the second consecutive trading on the background of a good statistic data from the U.S.

Wednesday, March 17th, 2010

European stocks increased for the second consecutive bid, a favorable effect on the market have, in particular, good statistical data from the U.S., reported Bloomberg.

composite index of the region Dow Jones Stoxx 600 rose from the market opening on 0,6%, although earlier in the bidding reached a reduction of 0.8%. With the maximum recorded on January 19, the indicator fell 4.6%.

"The recent rollback was welcome and brought action from overbought levels, as compared with bonds to almost neutral", - analyst JPMorgan Asset Management.

costs of the U.S. population in December increased by 0.2%, revenue - by 0,4%, according to the Ministry of Commerce. Thus, consumer spending rose a third consecutive month, pointing to the fact that they can make a significant contribution to economic recovery in the coming months, experts say.

In addition, the index of industrial activity in the U.S. (ISM Manufacturing) in January rose to a peak in August 2004 - 58.4 points, at the same time, experts had expected a decline to 55.5 points. Excess index mark of 50 points means increased business activity in the industrial sphere.

Stock quotes

Ryanair Holding Plc jumped 6.9%. Europe"s largest low-budget airline recorded a net loss for its third fiscal quarter ended December 31, 2009, but improved the outlook for the current financial year as tariff reduction was less significant than expected.

shares rise in price of British construction companies, after analysts Deutsche Bank have stated that they can rise in price this year by 35%. Click to continue »

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Russia stock market opening can move up because of rising prices for raw

Wednesday, March 17th, 2010

Russia stock market at the close of the rapidly recovering, but serious intraday losses are not allowed to get in, plus indices, so the RTS index fell by 0.2% to 1,470.79 and the MICEX index on 0,17% to 1417. In the first half of the day Russia"s actions"d play a negative, accumulated during the night, but gradually the pressure on the markets began to subside largely due to macroeconomic data. Lifeline for Russia"s market was the U.S. data, and, above all, pleased index of business activity in the manufacturing sector, were better predictive values. Besides the costs of the population, as shown by the data continue to grow for several months. In addition, the actions reflected favorably on the rise in oil quotations weakened slightly against the dollar. Noticeably better than other chips looked Paper Gazprom, which published yesterday the results of III quarter 2009 according to IFRS, surpassed expectations. Rosneft shares pulled the market down on the contrary, after a report released since the company"s performance was slightly worse than forecasts. In addition, the players do not give information about the rest possible cancellation of tax holiday to East Siberian oil fields. The acts of telecommunications companies continue to play out the idea of combining inter-enterprise based on Rostelecom, which resulted in the purchase of individual securities sector. European stock platform finished the day in positive zone thanks to statistics and corporate news. Regional statistics showed improvement in business activity index in the manufacturing sector of Germany, the UK and the Eurozone as a whole, and in the evening encouraged by a message stating that the same indicator in the United States, too, has grown beyond expectations. Then news came to the forefront of companies. Investors were encouraged by the news of the desire of the Canadian pension fund Ontario Teachers "Pension Plan to buy the remaining stake in vodosnabzhayuschey company Northumbrian Water Group. In addition, the optimistic forecast of airline Ryanair Holding Plc. The current financial year has boosted purchases in markets by leveling the negative of the loss enterprises on the basis of III quarter of 2009. The focus of the paper were construction companies, after Deutsche Bank predicted growth stocks in the sector this year in the UK to 35%.

American stock markets began the week the major indexes rising. Positive statistic data caused the purchase, and reinforced the success of news from the companies. In particular, Exxon Mobil has pleased investors its financial results for the IV quarter. Moreover, oil prices rose on strong statistics and the weakened dollar, which positively affected the securities of power engineers.

Asian stock exchanges today, most of them grow. Positive external background after the U.S. trading markets is pushing up. Raw materials more expensive, thereby affecting the securities of oil and mining companies. Australia"s central bank today predicted left rates unchanged, its rise was expected, this factor also left its mark on the course of bidding.

Russia at the opening of the stock market can move up because of rising commodity prices. MICEX Index will rise to 1430/1440. Pair EUR /USD is still in the area of support for 1,387 and can radically affect the situation, if you will be lower, as will pull down not only the stock, but commodity platforms. In this case, the MICEX index may fall back to 1400/1390.

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Pharmaceutical sales in Ukraine in 2009. decreased by 9,2%

Wednesday, March 17th, 2010

Total pharmaceutical sales in 2009 in kind declined by 9,2% in comparison with 2008 - up to 1.8 billion packs, according to the weekly "Pharmacy" with reference to the results of a study on the pharmaceutical system Farmstandart and PharmXplorer ".

According to information, the overall pharmaceutical sales in Ukraine hryvnia terms in 2009 increased by 26,1% - to 20.3 billion UAH, and when converted to dollar equivalent of the total volume of retail pharmaceutical market declined by about 15.7% and amounted to $ 2,6 billion

"Almost every month in 2009, the rate of growth of pharmaceutical sales in monetary terms exceed 20%," - said in the study.

The results in 2009 the maximum amount of pharmaceutical sales in Ukraine took place in the drugs (HP), the share of this category in the market amounted to 82,3% (in 2008 - 81,4%). This kind of sale in the last year fell 8.1% to 1 billion 90,0 million packages, but increased in UAH - by 27,5% to 16 billion 726.7 million UAH.

biggest decline in physical terms for categories of goods recorded a publication on medical products (CP). Thus the proportion of CP in retail sales in physical terms decreased by 11,4% - to 593.9 million packs.

In addition, the magazine examined the structure of pharmaceutical sales. It can be seen in physical terms in the last year has sold 745.4 million packs of goods of foreign manufacture, which is 18,3% less than in 2008 (its share in 2009 - 42% in 2008 - 46,7%) while domestic production through pharmacies have implemented a number of 1 billion 27.8 million packages, or on 1,2% less than in 2008. The share of Ukrainian-made goods in 2009 amounted to 58% against 53,3% in 2008.

According to research in monetary terms, the share of foreign-made goods in 2009 amounted to 74,3% (in 2008 - 76,6%), Ukrainian production - 25,7% (in 2008 - 23,4%), .

Exploring market "Drugstore" was the top list marketuruyuschih organizations in terms of pharmaceutical pharmaceutical sales in monetary terms. As a result, the first position was Berlin-Chemie (Germany, is a leading Italian pharmaceutical group Menarini), which remains at the site since 2007. Click to continue »

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Rosneft”s revenues in 2009 decreased by 32%, which was due to lower oil prices by 35%, and increased oil production by 3%

Wednesday, March 17th, 2010

Rosneft has published audited financial results to U.S. GAAP for the year 2009. Revenues decreased by 32% to $ 46.8 billion, which was due to lower prices for Urals crude oil by 35%, and increased oil production by 3%. With regard to organic growth Rosneft oil production in 2009 was among the leaders, behind only the company Bashneft. Rosneft"s oil output grew by only 1% to 47 million tons, but the company"s management has already expressed its intention to significantly increase investment in oil refineries in 2010. "The results of Rosneft has generally been consistent with our expectations as net income, and for revenue and EBITDA .. The company has demonstrated a high rate of growth of oil production, as well as efficient management of its high debt load", - analyst IK "Finam" Alexander Eremin.

Seventh Continent issued a press release on the results of operations for December and 12 months of 2009 gross retail sales (including VAT) in December rose 17% year-to-year and reached 5.66 billion rubles. Revenues for 2009 totaled 49 billion rubles., Which is 12% higher than the corresponding figure in 2008 comparable sales growth amounted to 4,2% year-to-year, worse than the corresponding rates of competing companies. Seventh Continent also reported an increase in consumer traffic by 11% in 2009 with an increase in the average check of 0.6% year-to-year. "In our opinion, issued statements indicates uncertain dynamics of the interest of buyers to shop the company because the increase in the average check in 2009 was markedly below the level of consumer inflation, which amounted to 8,8%. We believe that the coming year revenue growth drivers in Company no. Weak geographic diversification and slow the growth of new retail space are the main factors influencing growth, and low information transparency of a company does not increase the attractiveness of its shares - analyst Finam Eldar Vall.

Alfa Bank opened a Sibir airlines credit line amounting to 8,9 billion rubles. At the same time 5,4 billion company has already received. Loan term is 5 years. The interest rate on the loan has not been formally disclosed. According to the business media, it is equal to the refinancing rate plus 3%. The rest should get credit Siberia after the extraordinary general meeting of shareholders approve the deal. "We appreciate the news as positive for Siberia, as the company was able to restructure the 85-90% of its debt obligations. In addition, we draw attention to a sufficiently long period of credit, which eliminates the problem of raising debt resources for several years. With regard to interest rates, we believe it is low. In particular, for bonds that are traded today with a discount airline pays a coupon rate of 18% per annum. According to our estimates, the restructuring of debt on favorable terms a positive impact on the fundamental value of the company, "- wrote in his daily Konstantin Romanov of "Finam".

Gazprom issued unaudited consolidated interim financial statements according to IFRS for the first nine months of 2009. Net sales excluding excise taxes and duties decreased by 7% year to year, reaching 2.41 trillion. rub. The volume of gas sales fell by 18%, amounting to 343 billion cubic meters. m. The average price of gas sales increased by 19% - mainly due to growth in export prices of Gazprom. "The results of Gazprom were in line with our expectations at the EBITDA and net profit. In the third quarter the company showed a significant improvement in control of their most problematic article costs - purchasing gas from Central Asia", - said in a research note "Finam".

More information on these and other analysts" comments Finam you can refer to the section "Investments"

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Airport in no hurry to develop

Wednesday, March 17th, 2010

Cabinet approved the new title of the airport reconstruction project "Kyiv" (Zhuliany), estimates of which grew more than half. However, until such time as we increase the capacity of the passenger terminal, all the activities to improve the quality of the runway, according to experts, do not make sense.

The Government published a decreeapproving the title corrected reconstruction project manual "International airport" Kiev "(Zhuliany). According to a new document, the total cost of construction has increased by almost 100 million UAH .- of 131 million UAH. allocated to a project previously , to 215 million UAH. In this new version of the project includes an expanded list of required works.

also been recognized in previous versions of items in the lengthening of the runway, taxiway backbone, the reconstruction of the platform, and there were new: radiosignalnogo installation and other equipment, reconstruction of access roads, etc. the same, however, remain the dates fixed by the Government for the reconstruction of the airport: the documents, construction began in November 2008, and assigned to it a term - 18 months - expires in June this year.
It is possible that the list of the airport will have time to do the time, especially since as of Jan. 1, according to the Ministry of Transport had already mastered much of the allocated from state budget funds for construction (110 million UAH.; Work carried out on 118 million UAH) . What, of course, allow the Government Having reported on the successful preparation of the airport for Euro 2012.

However, as noticed by experts talk about the possibility of "Kiev" to serve the international airport until you have: make promises of "Jules" alternative "Borispol" continues to boil down to the absence of airlines that would make this area an air base for its international flights. Since May 2009 commissioned extended runway (during the renovation it was extended from 1800 m to 2310 m), which enables "Zhulyanam" take not only small regional, but also large-and medium-haul aircraft such as Boeing and Airbus. Click to continue »

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As of 18:00 Moscow time the volume of trading on the MICEX Stock Exchange amounted to 173.04 billion rubles

Wednesday, March 17th, 2010

As of 18:00 Moscow time the volume of trading on the MICEX Stock Exchange amounted to 173.04 billion rubles. or 5.69 billion dollars, the MICEX Index, compared with the value at closing of the previous trading day down by 9.56 part (0.674%) to 1409.86 p.

MICEX Oil Gas Index - fell to 11.51 paragraph (0.509%) to Section 2247.59, MICEX Power Index - fell to 15.84 paragraph (0.597%) to Section 2637.05, MICEX Telecommunication Index - fell to 30.88 p. (0.553%) to Section 5556.74, MICEX Metals and Mining Index - fell to 29.91 paragraph (1.165%) to Section 2537.17, MICEX Manufacturing Index - rose to 0.07 part (0.073%) to § 96.31, MICEX Financials Index - increased by 7.31 part (0.159%) to Section 4611.56, MICEX Consumer Goods and Services Index - rose 63.33 subsection (1.782%) to Section 3617.32, MICEX Chemicals Index - rose to 7.31 part (0.159%) to § 4611.56

MICEX Large Cap Index - fell to 16.57 paragraph (0.718%) to Section 2292.56, MICEX Mid Cap Index - rose 55.53 subsection (2.876%) to Section 1986.41, MICEX Start Cap Index - rose 11.15 n. (0.286%) to 3909.3 p.

top gainers were:
AviastK-4D (28.94%),
Projects cs (21.14%)
ChelyabES cs (20.37%)
WEC 01 cs (18.11%)
VologSb (13.86%).

Losers were:
Slavna-YANOS (-17.65%)
ROSINTERao (-6.58%)
Nitrogen cs (-5.93%)
TGK-2, an (-5.33%)
PeterbSK (-5.12%).

index of corporate bonds MICEX CBI CP compared with the value at closing of the previous trading day decreased by 62.5 n. (1.529%) to 4024.63 p. At 18:00 Moscow time with the corporate bond market concluded 959 deals worth 8.82 billion USD . Yield on bonds RZD-10obl with maturity in March 2014 was 8.97% (-0.01 percentage points), Gazprneft3 on bonds with maturity in July 2016 - 8.56% (0.11 percentage points) on the bonds Railways BO-01 with maturity in December 2012 - 8.58% (-0.17 percentage points), the System-02 bonds with maturity in August 2014 - 10.5% (-0.03 percentage points), the bonds MDM Bank 5 with maturity in October 2011 - 10.08% (-0.2 percentage points).

index of municipal bonds MICEX MBI CP compared with the value at closing of the previous trading day rose to 63.33 paragraph (1.782%) to 3617.32 p. At 18:00 Moscow time with the regional bond signed 218 deals amounting to 7194.78 million rubles . Yield on bonds MGor61-on with maturity in June 2013 was 8.12% (0 percentage points), on bonds MGor44-on with maturity in June 2015 - 8.84% (-0.09 percentage points), bonds MGor62-on with maturity in June 2014 - 8.29% (-0.01 percentage points), KostromOb5 on bonds with maturity in December 2012 - 12.26% (0.14 percentage points) on the bonds SamarObl 6 maturing in May 2013 - 10.84% (0.62 percentage points).

value RGBI price index was 130.69. Compared with the previous day"s close, it rose by 0.02 part (0.015%). Trading volume on the market of government securities amounted to 58.27 billion rubles. RU000A0JQMK5 Yield on bonds with maturity in June 2010 was 5.42% (0.04 percentage points), SU25059RMFS5 on bonds with maturity in January 2011 - 6.24% (0.11 percentage points) on the bonds SU25061RMFS1 with date maturity in May 2010 - 5.93% (0.01 percentage points), SU26200RMFS4 bonds with maturity in July 2013 - 7.31% (-0.14 percentage points), SU26202RMFS0 bonds with maturity in December 2014 . - 7.73% (-0.02 percentage points).

Following the auction MICEX currency market the U.S. dollar in the UTS with the calculations of "tomorrow" was 30.3668 rubles. the dollar, which is 1.03 kopecks. (0.034%) lower rate of the previous trading day. The euro at the UTS with the calculations of "tomorrow" has decreased by 20.63 kopecks. to 42.2117 rubles. Total foreign exchange market concluded deals worth 9.76 billion dollars, which is 13.65% less than the previous trading day.

Trading volume on the MICEX derivatives market amounted to 1.3557 billion rubles. Futures on USD: trading volume - 1.56 million rubles., Quotation of the nearest futures - 30.41 rub. (0.0657 rub.), The volume of open positions - 1.41 million counter. Futures EURO: trading volume - 0.08 million rubles., Quotation of the nearest futures - 42.3305 rubles. (0 rub.), The volume of open positions - 14,5 thousand counter. MICEX Index futures: trading volume - 1.0776 billion rubles., Quotation of the nearest futures - 141,730 rubles. (-1390 Rub.), The volume of open positions - 3407 counter. Futures on Gazprom: the volume of trades - 80.95 million rubles., Quotation of the nearest futures - 18844 rub. (216 rub.), The volume of open positions - 1370 counter. Futures on Savings: trading volume - 99.64 million rubles., Quotation of the nearest futures - 8801 rubles. (-68 Rub.), The volume of open positions - 3709 counter. Futures Nornikel: trading volume - 90.3 million rubles., Quotation of the nearest futures - 47039 rub. (196 rub.), The volume of open positions - 747 contr. Lukoil futures: trading volume - 5.56 million rubles., Quotation of the nearest futures - 16778 rub. (4 rubles.), The volume of open positions - 2194 counter. Futures on MosPrime 3M: the volume of open positions - 20 counter.

In the "Bond Market" You can find information on issues of corporate and municipal bonds, as well as learn about the planned deployment, the outcome of trading on the MICEX and read the comments on the bond market.

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