Recent content by Mikhail_A

Are emerging markets a risk venture? The stock markets of developed countries are traditionally considered to be less risky than emerging equity markets. This means that they are a locomotive of global economic growth, supposedly less volatile, less exposed to various crises, more successful in...

Daily Review. 17th June, 2005 The Russian equity market saw sluggish trading on thin volumes Friday. Bullish global oil prices and strong ADRs were the only saving grace which came to the rescue of domestic stocks. On a neutral news flow, players were pleased to see that the BoD of Gazprom...

BRIC – a force to be reckoned with Although analysts tend to make more frequent use of the acronym BRIC (Brazil, Russia, India and China) to designate the countries which will likely become leading economic powers in the 21st century, this block has still not been officially formed, i.e. no...

Daily Review. 16th June, 2005 Trading kicked off to a strong start on Thursday on the back of rising Western stock indexes and bullish global crude oil prices. But dithering over the buyout price of the state’s 10.74% stake eventually encouraged most market participants to opt for another round...

Daily Review. 15th June, 2005 Wednesday’s trading session kicked off with moderate growth across the board, but before long most blue chips began to contract. While awaiting the outcome of Gazprom’s BoD meeting investors opted for a bout of profit-taking. What dampened the mood was a newswire...

Daily Review. 14th June, 2005 The late beginning of the trading week saw most blue chips in positive territory on Tuesday. The lackluster internal market was again driven by a positive global crude oil market. Global markets and Russian ADRs also combined to push up the market. What’s more...

Gazprom and Royal Dutch/Shell come to terms on the According to deputy chairman of Gazprom Alexandr Medvedev, Gazprom and Shell have coordinated the general terms for the Russian gas giant to enter the Sakhalin-2 project. Gazprom plans to acquire a blocking stake in the Sakhalin-2 project from...

Daily Review. 10th June, 2005 Russian blue chips got off on the right foot in early Friday morning trading and most stocks locked in some fairly solid gains due to the favorable foreign economic news flow. With oil prices heading north (+3%), the heavily oil-weighted Russian stock market easily...

Russian Stock Market. Daily Review. 9th June, 2005 Russia’s equity market trading was again low key on Thursday with most stocks drifting off into a side trend. Volumes were soft on the absence of any pronounced drivers. Investors focused mainly on Lukoil and Surgut, which trended up on rising...

Lukoil looking to break onto the Turkish market Reuters news agency reported citing the oil major’s vice president Nikolai Chyorny that Lukoil intends to gain 20% of the refined products market in Turkey in an attempt to boost sales from its Black Sea refineries and raise supplies bypassing...

Sistema looking to pick up 49% of Indian ATVL and The media reported that AFK Sistema is in negotiations over the acquisition of a 49% block of shares in Indian wireless operator Aircel Televentures Ltd. (ATVL) for $450 mln. Moreover, the Russian investment holding intends to pick up a 10.15%...

Russian Stock Market. Daily Review. 6th June, 2005 Monday’s trading session was dictated by a downbeat news flow that came in on Saturday. More harsh criticism by President Putin against the top management of Mosenergo was the tune the market kicked off to first thing on Monday morning...

Selling price of Gazprom’s stake to be set in ston According to Gazprom’s press release, the company’s regular AGM is scheduled for June 15 at which the coordination of transactions among Gazprom’s subsidiaries and Rosneftegaz and the selling price of Gazprom’s shares owned by its subsidiaries...

Russian Stock Market. Daily Review. 3rd June, 2005 Friday’s trading session was largely an extension of the mood that prevailed in the previous session. In the absence of pronounced domestic drivers the dominant news flow came from external markets, although Western markets were a mixed bag...

Lukoil and ConocoPhillips team up to tap the Yuzhn Narianmarneftegaz, Lukoil’s subsidiary on the basis of which a JV with ConocoPhillips is being established to tap oilfields in the Timan-Pechora oil and gas province, is about to launch the development of the Yuzhnoye Khilchuyu field, a highly...