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NEWS / Forex Forecasts

Oil prices affected positively growth of share market.

21:28 11/08/2006

MACROECONOMICS.

 

In January-October, 2006 export of the Russian oil to the countries of the far abroad made 174,008 million tons (4,18 million barrels a day), that is 3,3 % above a similar parameter of the last year. As they say in the message of "Transneft" press centre such data are given in operative report of GP "CDU TEK".

 

On system of Open Society "Transneft" in the far abroad for 10 months of this year there was exported 165,637 million tons of the Russian raw material, passing "Transneft" - 8,371 million tons. In October "Transneft" pumped over in the far abroad 15,957 million tons of the Russian oil, passing AK there was exported 619,4 thousand tons of oil.

 

Through port Novorossisk on system of Open Society "Transneft" for January-October, 2006 there was shipped (including transit volumes) 39,895 million tons of oil (in October - 3,854 million tons), Tuapse - 4,314 million tons (458,0 thousand tons), Odessa - 7,087 million tons (660,3 thousand tons), Butinge - 2,857 million tons (in August-October the Russian oil was not shipped), Primorsk - 54,445 million tons (5,527 million tons), MNT Jujny- 3,103 million tons (487,2 thousand tons).

 

Transit of Kazakhstan in January-October made 15,906 million tons (in October - 1,569 million tons), Azerbaijan - 3,68 million tons (240,5 thousand tons), the message says.

 

JSC on oil transport "Transneft" was founded in 1993 and is the assignee of the Main industrial management on transportation and deliveries of oil (Glavtransneft) Minnefteprom of the USSR. The company is engaged in swapping, coordination and management of oil transportation on the main oil pipelines on the oil refining enterprises of Russia and beyond its limits, carries out preventive, diagnostic and abnormal condition-regenerative works on oil pipelines. On balance of the company there are 48,708 thousand km of the main oil pipelines. "Transneft" has 418 oil-pumping stations, 870 tanks with 14,02 million cubic meters, transports 93 % of oil produced in Russia.

 

MARKET’S GENERAL ESTIMATION.

 

After long days off activity of investors was at high level. The total amount of the tenders in RTS made 558,1 bln. dollars in the classical share market - 68,2 bln. dollars, in the exchange share market - 65,1 bln. dollars. The volume of the share market of MICEX was 2947,4 bln. dollars. The confident rise of the Russian share market on Tuesday was provoked by growth of the world oil prices expecting reductions of stocks of raw material in the USA and threats of the termination of deliveries of Venezuelan oil in the country. News about attacks of oil constructions in southern Nigeria was perceived with fear.

increase of the American share indexes, pending victories of Democrats over parliamentary elections in the USA, also supported the rise of the Russian market.

Besides day was rich in positive corporate events. The great demand of EESR papers was caused by the publication of the strong financial report of the company for 9 months. On which the net profit was up 76 % to 23 billion rubles., that became a positive for all sector of electric power industry.

OGK-5, OGK-3 shares grew in price. The day was favorable for metallurgical branch. IPO of Chelyabinsk zinc factory was more than successful. The company had to raise a range of the prices due to enormous demand for papers: the price for CZF share made 167,5 dollars, market capitalization - 853 million dollars. VSMPO-Avisma papers grew on news about intention of the company to invest in development of production $1 billion and preservation of plans of carrying out of IPO in 2007, despite change of the basic shareholder. On results of the last day the RTS index was up 2,04 % (+33,55 points) up to 1675,03 points, MICEX index rose 1,94 % (+28,16 points) up to 1480,88 points. As experts consider it is early to speak about formation of steady uptrend. Within the next few days correction can follow.

 

GAZPROM.

This time Gazprom shares could not repeat general dynamics of the market. While we remain outside of the market.

 

RTS

 

 

Gazprom

 

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