RTS(Moscow)Market Overviews
Russian Stock Market Overview16/01/2006-21/01/2006
During this week Russian Stock Exchange index was rising steadily, and at the end of the 20th January it reached the figure of 1304. Here are some of the companies which influenced the change in index very much.
JSC Gazprom (GSPBEX) shares plummeted in price just in first days of the current week (from 7.08 EUR on Monday to 6.44 EUR on Wednesday). However, this dramatic fall was compensated by the partial recovering of price at the end of this week’s trades. It is quite surprising since a new contract was signed that allows the company to deliver the natural gas in Moldova and transit it through the country. Moreover, due to the extremely cold temperature in many regions of Russian Federation Gazprom decided to increase the deliveries to Russian consumers by 40% in excess of the plan. Therefore, the forecast is that the price per share in the near future will stabilize and will be steadily increasing in value.
Lukoil (LKUH) has experienced a rise in the market of stocks. The price per share gained each day and reached its peak on Friday – 64.02 EUR (starting from 55.96 EUR on Monday). The company is flourishing. Its net income for the 9 months of the year 2005 rose by 55.1%. It representatives claimed that the new program about the safety of the industry in 2006-2010 had been approved. Therefore, it comes by no surprise that the company’s positive news reflect positively on its shares’ price. The price is expected to remain its rise in value during the following week.
United Energy System of Russia (EESR) faced 98 trades during the week, and total trading volume was approximately 21 million EUR. The prices of the shares were changing dramatically. At the beginning of the week it was 0.371 EUR per share but by 16th of January it had reached a peak of 0.391 EUR. From then on the price was falling steadily, and at the end of 20th January it was 0.379 EUR per share. Such an unstable situation can be explained by the low temperature in Russia, which caused several damages in the energy system of large cities. Moreover, the CEO of RAO UESR has claimed that it is going to restrict the consumption of energy. The change in prices of the shares is expected to be unpredictable until the temperature in Russia goes up.
Savings bank of the Russian Federation (SBER) faced 121 trades, and total trading volume reached the figure of 42,9 million EUR. The prices of shares also were changing steadily during the week. Thus, on 13th of January it was 1314.6 EUR per share but the middle of the week it had dropped by 10% to 1182.7 EUR per share. The next days the price was fluctuating at the point of 1265 EUR. This is explained by the arson which has happened in one of the branches of Sberbank in Vladivostok, Russia. At first it was said that the arson have damaged a lot of important documents in the archival depository of this subsidiary but later Sberbank representatives denied this information. The price of the shares is expected to go down as is going to invest money in the program whose aim is to develop and improve the quality of service the bank offers.
By Vadims Sokolovs
