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1539 08April2009 - Vimpelcom rises on deal reports
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New York-listed shares in Russian mobile operator Vimpelcom
<VIP.N> rise 8.5 percent, outperforming peer Mobile TeleSystems
<MBT.N>, up only 2.1 percent, on newspaper reports that its
co-owners had discussed a tie-up with Ukraine's Kyivstar.
Norwegian phone company Telenor <TEL.OL> and Russia's Alfa
Group, partners in Vimpelcom and Kyivstar, have been sparring
for five years over strategy and expansion.
"While we doubt Telenor will agree to the deal, we would see
it as a strong positive for Vimpelcom, as it would strengthen
its footprint in the Ukrainian market, the second largest in the
CIS (Commonwealth of Independant States)," UniCredit said in a
market comment.
1254 08April 2009 - LUKOIL tugs Russian stocks higher
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A 4.44 percent gain in heavyweight Russian oil share LUKOIL
<LKOH.MM> gives a lift to the Moscow market as a scramble to
cover shorts in LUKOIL helps the benchmark index outperform flat
European markets and declines in emerging peers.
The RTS <> rose 2.56 percent, with the MSCI Emerging
Markets <.MSCIEF> index is down 1.03 percent.
"There are client orders for LUKOIL and they are tugging the
market higher," Kapital brokerage trader Mikhail Tsagareli said.
LUKOIL reported a larger than expected fourth quarter loss
on Tuesday. Traders reported widespread shorts in the share,
which had underperformed since the weak result had been flagged
to the market in a profit warning several days earlier.
1130 08April2009 - Warsaw stocks jump on bond demand
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Warsaw bluechip WIG20 index <> jumps 3.4 percent to
pass the key 1,700 point level as healthy demand for Polish debt
at a Wednesday tender spurred interest among foreign funds,
traders say.
"A very good bond tender at the long end of the curve
soothed investors," Jaroslaw Oldakowski, trader at Millennnium
brokerage said.
"It helps the currency and gives impulse to act, since the
currency and macro environments bode well for economic
perspectives."
Poland sold 1.82 billion zlotys ($532.5 million) in 10-year
bonds on Wednesday, or 420 million more than planned as
investors bid for three times the initial offer. []
The strong offering helped banks, builders and media, all
especially vulnerable to the economic outlook. Mid-sized lender
BRE Bank <BREP.WA> jumps 6.4 percent, chased by a 5.8 percent
gain for publisher Agora <AGOD.WA>.
"Our market is back in favour," said Wojciech Wosko, trader
at BZ WBK brokerage in Warsaw. "Mainly foreign players started
to buy Polish stocks, as they were short and now need to
rebalance their portfolios."
rm://adrian.krajewski.thomsonreuters.com@reuters.net
($1=3.418 Zloty)
