Results of the auction: the old favorites - telecom

Bidding on domestic exchanges opened lower (~ 2% on MICEX), and during the day were traded in negative zone. On the positive data on layoffs in the U.S. indexes Russia reacted weakly.

Before closing the auction, after publication of the Department of Energy data on the reduction of crude oil, Russia's indexes have grown slightly, but closed below the closing levels Tuesday. The MICEX index fell by 2.6% to 1076.69 item, RTS index - by 1.9% to 1053.7 p.

However, the index of second tier stocks RTS2 grew at 0.27% by buying shares in Aeroflot, Bashneft and Volgatelekoma.

bidding activity remained at the level of Tuesday. Turnover of shares included in the MICEX index, was 52.1 billion rubles.

All sectoral indices MICEX except telecoms (1.5%) showed decline. Because on the eve of the fall in prices for industrial metals (an index of commodity markets SRB decreased by 2%) the weakest of the company looked metallurgy (-5.5% on MICEX sectoral indices), including Mechel (-10%), NLMK (-9%) , Severstal (-8%), Norilsk Nickel (-4%).

favorite among the index securities are the same - Uralsvyazinform (6.6%), Volgatelecom (5%) and Aeroflot (3.4%). The last 5 trading sessions the stock Volgatelekoma and Uralsvyazinform risen more than 20%.

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Day is not specified from the very morning: Russia's trading session opened with 2% gepom down on the background of negative dynamics of equity indicators in the United States and falls on stock exchanges in Asia. However, constraint initially were oil prices, which were fairly stable in relation to the regular publication of the American Petroleum Institute data showing a decline of oil reserves of petroleum products. Also supportive is the liquidity situation, which also provides support to the market, thus constraining the rate of decline. During the day, most liquid stocks decreased within 2-3%, but closer to the evening dynamics worsened. In separate papers falling over 9%, primarily we are talking about actions NLMK. Steel sector suffered a drop in prices for industrial metals on the London Metal Exchange. It is better to look the other shares of the banking segment and in particular the paper Savings Bank, which declined slightly.

The market seems firmly intends to enter into a period of corrective decline, which is quite justified, especially when you consider that really a serious correction, we have not seen for a long time. To continue the rally needed much more serious reasons than just the hope that the world economy returns to growth. In addition, the alarming bells coming from China - so to speak, hope and reliance of investors. According to the statistics, the situation in the Chinese economy is not as favorable as desired. Currently support to the market may have high liquidity and the continued growth in commodity markets.

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Speculators on the equity market continues rat race in the narrow side corridor.

We are close to an active strategy, but now come with the quotes in the fight for a penny, we have no desire. We quietly observe the signals of the market and intuitively expect the action below, but in principle, ready to play for the bulls, if suddenly will be punched through the resistance. If you find us cowards - that means that you will never extract from the side views, and you have not smelled the gunpowder.

Without money and without cause, we do not sit. Profit we regularly bring well-chosen back in August the paper second tier. Last week, give us a hand paper FGC UES. Today, the red background of Russia's stock market successfully highlighted the soaring shares Aeroflot and UTair. Most likely, the increase in airline stocks is related to an official statement the airline KD avia that in relation to the highly indebted to the creditors of the company, from September 1, 2009 sale of traffic on all flights suspended.

We have great respect for, shares of Aeroflot and UTair and often not only diversify their medium, but also speculative portfolios. Therefore, in addition to a nice profit in the medium-term portfolios, they have encouraged and increased trading volume on them. It is likely that the shares of Aeroflot on the sly to reach the peak year, unless, of course, hooked over the support of 36.5 rubles (line correction on the Fibonacci 61.8% to the fall of quotations from April to July 2009) and shares of UTair be able to catch up to the psychological resistance of 7 rubles.

choosing a trading strategy in the current environment, relate not risk and profitability, and moral costs and possible profit.

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After the signing of the President of Ukraine Law On the prohibition of gambling business in Ukraine all gambling were outlawed. Instead, the Cabinet of Ministers was instructed during the three months to develop and submit to parliament a new law to work in the industry.

month prior to the completion of the allotted term of the Cabinet of Ministers of the law has not yet announced, but late last week on the website of the Ministry of Finance introduced the concept of the draft Law of Ukraine On state regulation of activities in the field of gaming.

This document proposes that host gambling establishments or within settlements or for them - in special gambling zones. Thus, in the gaming areas outside thelocalities want to be allowed to work a casino, betting offices, the halls of slot machines, electronic (virtual) gambling. Moreover, such gaming zones can be organized solely on the lands of state or municipal property.

entrepreneurs wishing to create a gaming house, must take part in a land auction to lease the land. Developers Concepts offer prohibit transfer to private ownership plots of land, which will be located such gaming zones. Outside the same towns gaming zones are encouraged to develop only in the premises of hotels with a status of at least four stars. They will work only casino.

license fees for the organization and conduct of gambling in casinos and in the halls of slot machines offer set at two million hryvnia for betting shops and electronic (virtual) casinos - one million hryvnia, and 5 million hryvnia - per license manufacturing, wholesale and retail sale of gaming equipment. And offer to make a perpetual license, which was not before.

also licenses its concept to the Finance Ministry proposes to issue to each gaming location special addition to the license. Click to continue »

According to yesterday's information, the U.S. index of business climate in the manufacturing sector, calculated ISM, in August of this year risen to a mark of 52.9 points, and the first time since July 2008 reached the levels, reflecting the expansion in this sector of the economy. Average market forecast and the value of the previous figure for this indicator equaled 50.5 and 48.9 points respectively.

rate dynamics of planned sales in the housing market of America in July 2009 added 3.2% (m /m) against 3.6% in June this year and the expected average growth of the index specialists to 1,5%. Its value, which amounted in this case 97,6 Fri was thus a maximum of two years.

somewhat disappointed investors sector investment in risk could only be released on Tuesday the information indicator of the cost of construction in America, who in July 2009 declined by 0,2% (m /m) with an average forecast of its reduction on 0,1% and revised in this case with a decrease to 0,1% (m /m) against 0.3% previous rate of change of the index in June 2009

However, the overall macro-economic statistics of the United States, published yesterday, appears to be sufficiently supportive, while maintaining its positive trend, formed in recent months.

Against this background, a fairly significant decrease in quotations of world stock, commodity markets, it developed yesterday in the U.S. session, it appears as a consequence of technical factors, and, obviously, uncertainty about the upcoming release on Friday is traditionally important for the market data on the number of employed in industries outside of agriculture America. Markets continue to monitor closely the evidence of the potential sustainability of the positive processes caused by the monetary policy of enabling the world's major governing bodies, primarily the U.S. and China.

In this connection it is worth noting that the financial authorities of the leading nations of the world in recent months have repeatedly demonstrated the market bear their determination to succeed in the ongoing policy of economic recovery regulators.

possible, and in September 2009, taking into account the very important political events in Germany and China, which will be held in the coming weeks, will not be in this case an exception.

The investment segment now operates a large number of funds which, while preserving funds in the money markets in recent months, in fact underestimated the current investment opportunities in risk. If the regulatory structure will once again demonstrate the financial sector because of its fundamental position, the means of these operators can market in the coming months to substantially support stability above all - the sector of corporate securities.

Regarding the impact of such a scenario for the medium situation in FX, then in this case, against the backdrop of a possible increased monetary support to the economy EU member states and a number of other leading countries in the world - which in recent quarters have shown partly waiting position in the financial macroeconomic Incentive - quotations USD on the international market may appear to demonstrate a significant increase in the end.

EUR /USD rate up to yesterday's trading was below the important support zone at 1,4270-1,4300. Perhaps in the coming days, this currency pair will continue to bear trend, but such dynamics in the case of its development from the perspective of exchange rate changes will be, apparently, quite volatile in nature.

Quotes of the ruble against the currency to the USD and the basket on MICEX today by 10:30 Moscow time were 31.98 and 38.08 rubles. against, respectively, 31.78 and 38.06 rubles. in morning trading Monday.

In general, from the perspective of the next few weeks, a trend indicator of the relative value of RUB in the global FX continues to appear even with the lowered is possible in this period as a result of favorable developments in the financial markets of Russia.

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