CIS Market Daily - January 22, 2019
MARKET COMMENT - MARKETS FLAT OR DOWN YESTERDAY, APAC SLIDING TODAY ON GROWTH CONCERNSAfter a decent performance last week and with the US closed, markets were in mild consolidation mode yesterday. The MSCI EM ended just above flat, while the RTS declined 0.5% to 1,171. Key Asian-Pacific indexes are down 0.4-1.1% this morning, and S&P 500 futures are down 0.7% after having steadily declined throughout yesterday. Chinese and global data releases yesterday suggesting slowing economic growth likely spurred the neutral to negative market moves, especially with the limited liquidity due to the US market being closed.STORIES> Gazprom: No progress during new round of Ukraine gas transit talks> Rosneft's Indian affiliate indicates material petchem investment plans> Dixy and Bristol to merge with Red & White
PJSC Gazprom is a gas company based in Russia. Co.'s principal activity is the sale of gas. Co. is also involved in other types of activities which include leasing of assets, gas transportation and storage services, sale of gas condensate and refined products. Co. and its subsidiaries and associates operates gas pipelines systems in Russia. Co. is responsible for substantially all gas production and high pressure gas transportation in the Russian Federation. Co. is also a major exporter of gas to European countries. Co. is directly involved in exploration and drilling for hydrocarbons, production of gas and other hydrocarbons and domestic and export sale of gas and other hydrocarbons.
OJSC OC Rosneft is a vertically-integrated Russian oil and gas company with upstream and downstream operations in each of Russia's oil-producing regions. Headquartered in Moscow, Co. operates ten oil and gas producing enterprises across Russia and is involved in over ten exploration projects. In addition to its upstream operations, Co. also owns two refineries, which have a combined capacity of 10 million tons per year, as well as four main oil export terminals and a nationwide network of over 600 service stations. Co.'s downstream operations consist of its crude oil export structure, refining operations and nationwide network of marketing subsidiaries.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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