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Moscow TFN shares at a glance - market opens lower


Published :
Wed, 18 Jul 2007 07:53
By : Agencies
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MOSCOW (Thomson Financial) - Moscow shares opened lower after the major Asian exchanges lost ground this morning, with the brewing political row with the UK continuing to dampen investor sentiment.

At 10.35 am, the RTS index was down 0.30 pt at 2,049.14 points.

FORTHCOMING EVENTS

TODAY

-Last day to submit offers for the OGK3 tender

-MICEX halts trading in Sberbank shares in advance of bank's issue of additional shares

TODAY'S PRESS

-Gazprom confirms plans to build gas pipeline from eastern Siberia to Far East region; China link likely (Moscow Times)

COMPANY NEWS

-Mechel Steel H1 coal output up 10 pct, Nickel up 20 pct, steel up 4 pct

-Evraz says Highveld directors recommend Russian steelmaker's offer

MARKET NEWS

*GAZPROM INITIATED AS 'OVERWEIGHT' BY LEHMAN, TARGET 60 USD

MACROECONOMIC NEWS

-Banks have 448.1 bln rub on CBR correspondent accounts

-June industrial production up 10.9 pct (Rosstat)

alfred.kueppers@thomson.com

amk/slj/amk/jms/jms

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Copyright AFX News Limited 2007. All rights reserved.

The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.




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