Russian stock market December 07, 2010, Tuesday daily morning report

Russian stock market December 07, 2010, Tuesday daily morning report ; On Monday the Russian share market continued climbing up, but by lower rates though, than last week. The foreign factors were not so optimistic and investors started gradually paying attention to weak stats from the U.S. for instance. No significant changes were indicated on the Russian blue chips and on the majority of the notes it did not exceed 1%. Sberbank was the only exception having output the positive report for 9 months of 2010 by IAS.

Main events

MED of RF offers to lower RAB-tariff growth rate for FNC.
MED of RF offers to lower the level of RAB-tariff growth for FNC from 31.2% approved earlier, to 25% in 2011. At that when executing the transition of FNC for 5-year period of regulating the RAB-tariff, MED does not exclude the companies’ tariff growth in 2012-2013 by 30-31%. After 2013 the indexation might be at the same level or go down.

Report of Sberbank: better than forecasted.
Volume of net profit gained by Sberbank in 3Q 2010 and dynamics of key estimates turned out to be better than expected by the market.

News briefly
Precious metals: Petropavlovsk is attracting investor to construct Kimkano-Sutarskiy OMPE. For the latest updates PRESS CTR + D or visit Stock Market news Today

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