25 July 2010, Sunday, 9:55

Russian stock exchange market demonstrates stable rise

author: Ravil Ramazanov

The last week started rather favorably for the Russian stock exchange market, with active positive dynamics and stabilization of oil prices on the New-York stock exchange at the level of 76 dollars for one barrel and further rise up to 78 dollars undoubtedly contributed to that. Stable growth of indices in the Russian stock exchange market was registered for the first three days of the last week. The bond price of RTS has grown up by 1,6%, reaching the mark at 1420 points. The bond price of MICEX was growing up even quicker and reached 1360 points by the middle of the week.

The growth of interest in the shares of the Bashkir issuers was preserved but the list of shares, being in sale, remained rather small. Thus, the shares of JSC “Soda”, JSC “SOTSINVESTBANK”, JSC “URALSIB”, JSC “UFAORGSINTEZ”, JSC “UMPO”, JSC “Utchalinsky ore mining and processing plant”, JSC “Beloretsky metallurgical plant” faced no demand in RTS as well as the shares of JSC “BASHINFORMSVYAZ” in MICEX. The deals with the shares of JSC “NOVOIL” were resumed after a short break.

The shares of JSC “BASHKIRNEFTEPRODUCT” appeared in sale in RTS again. The price of its ordinary shares reached 10,4 dollars for one share – by 4% more than one week before. The privileged shares of this issuer grew up in price even higher (by 11,6%), reaching 25 dollars.

The shares of JSC “BASHNEFT” faced stable demand as always. The ordinary shares of this oil company were sold out at 35 dollar for one share and its privileged shares faced zero demand.

The activity in MICEX wasn’t high last week. No deals with the shares of JSC “BASHINFORMSVYAZ” were registered again. The cost of the transactions with the ordinary shares of JSC “BASHKIRENERGO” grew up from 42,22 to 43,44 rubles for one share – by more than 2%.