Tuesday, 30 April 2013

Tuesday, 30/04/2013 Market Update (Russia)

Russian stock market daily evening report (April 29, 2013, Monday)
April 29, 2013, Monday, 16:18 GMT | 11:18 EST | 19:48 IST | 22:18 SGTStocks
Market today. Negative mood dominated the Russian market today – shares quotes were reducing despite growth of the European indices. In the power sector positive mood was determined by the report of RusHydro. According to given report, operation profit of the company for 2012 grew 45% yoy. Unexpectedly VTB added due to rumor that additional emission of shares would be sold to strategy investor, but not placed at the open market.

Market tomorrow. Russian power and gas companies might face the pressure of offers of MED that provide for reduction of tariffs growth rates for gas to industrial consumers from 15% to 5% annually and 10% down to 6% for power.


Bonds
Market today. The end of the month and coming May holidays provided low activity at the Russian debt market. At the meantime, foreign players stepped out several time with buying long-term notes, which provided price growth. In the corporate segment, the most part of the deals was likely of technical character.

Market tomorrow. Tuesday the market shows similar dynamics. There is no reason for taking profits even considering the coming long holiday period.


News briefly
Net profit of RusHydro by RAS for 1Q 2013 grew 48% yoy to 9.3 bn RUR. Company

TMK reduced volume of pipes shipped by 1.3% qoq in 1Q 2013 to 9.3 bn RUR. Company

RAS net profit of Russian Grids for 1Q 2013 grew 1.5 times up to 729 mn RUR. Company

Tatneft might pay dividends in the volume of 8.6 RUR per share. Company

Net profit of PIK for FY 2012 by IAS formed 3.1 bn RUR vs loss of 1 bn RUR in 2011. Company

Pipes output at VMZ grew in 1Q 2013 12% qoq to 385.7K tons. Company

IAS net profit of Pharmstandard for 2Q 2012 grew 1.5 times yoy to 6.9 bn RUR. Company

Net profit of OGK-5 for 1Q 2013 by IAS formed 1.98 bn RUR – at the level of the previous year. Company

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