January 18th, 2010

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After a positive opening of Russia”s indexes treading water in anticipation of new ideas

Monday, January 18th, 2010

 
  
 
 
  28.12.09 12:54 ;
 

Russia"s share platforms have begun trading today, the growth of the basic indexes against positive dynamics of world stock and commodity platforms. During the first minutes of trading on the MICEX index rose 0.38% to 1,362.23 points, RTS added 0.01% to 1,450.32 points. Positive dynamics of European exchanges also serves as a support for the market of Russia. Europe "green" with information about the upward revision of GDP growth estimates for China over the past year, as well as data on the increase in industrial production in Japan in November. DAX index rose to 0.75% to 6,002.28 points, the CAC 40 index was 3937.3 points (0.628%). UK Exchange closed for the weekend. Futures on the SP lost 0,107% and is at the level of 1123.2 points.

By noon, the motion indexes Russian halt in anticipation of new ideas and incentives for growth.

The leaders of growth left "prefecture" Rostelecom (3.528%), the action "Pharmacy Chain 36 and 6" (11.044%), TGK-9 (6.667%), TGK-13 (3.325%).

main event today was the launch of Prime Minister Vladimir Putin"s oil pipeline system "Eastern Siberia - Pacific Ocean". "The system will be technologically linked to the existing trunk pipelines of Transneft, which will create a network that ensures rapid distribution of oil flows through the territory of Russia in the east and west directions. Diversification of energy exports is a major accomplishment of the year, while over time the significance of Russia"s European energy market will be reduced, while Asia increased. from supplying the Asian market, primarily wins Rosneft, Transneft, while the paper can hardly be of interest to market participants because of the very weak corporate governance ", - says Alexander Razuvaev, k.e.n ., head of analytical department of IR "Gallio Capital.

According to Alexander Eremin, analystFinam, run ESPO-1 to increase the overall throughput of Transneft to 9%. "At the same time, precisely because of the VSTO run-1 Federal Tariff Service (FTS) has agreed to raise tariffs on oil transportation by 16%. Thus, the increase in tariff revenue of the company in 2010 should reach 26%, which is very significant growth in the crisis ", - the expert believes.

also look better than the market shares of banks: the privileged and the ordinary paper "Sberbank grew by 1,28% and 0,07% respectively. Click to continue »

The stock market ended the year on a positive note, in 2010 Russia”s securities are unlikely to show impressive growth

Monday, January 18th, 2010

 
  
 
 
  31.12.09 14:02 ;
 

the last day of the year Russia"s stock market, as expected, showed no significant changes. Against the background of low growth indices in the U.S. and positive commodity platforms domestic indexes had a short trading session in the Green Zone. MICEX trade results added 0,59%, to close at 1370.01 points mark. Index PCT rose to 1.24% and reached the mark of 1444.61 points.

2009 was a year of recovery for the domestic stock market. Russia"s leading indexes were in this year among the leaders of growth among emerging markets: the MICEX index since the beginning of the year grew by 120%, RTS index rose nearly 130%. "The RTS index has failed before the end of the year to go above the level of 1500 points. Likewise, the MICEX index stumbled on the level of 1400, which became for him an insurmountable resistance. All this indicates a fall in demand in blue chips and the saturation of growth, as well as that next year the dynamics of liquid shares will no longer be so obvious as in this ", - says Sergey Belov, Asset Manager IK" Finam ".

most liquid securities for the year brought more than 100% return, absolute leaders of growth were preferred shares, Sberbank and Paper InterRAO "that allowed investors to increase their investments in comparison with the beginning of the year more than 7 times. The only in liquid securities, ended the year in the red, were ordinary shares of Rostelecom, fallen in price for the year almost doubled.

Papers of oil and gas sector showed a smaller increase: Gazprom shares added during the year about 70% of "LUKOIL" - about 80%, and, according to analysts, these securities remain the investment attractiveness. "It is important that in 2009, namely oil and gas companies have shown the dynamics of the worst among all sectors of the economy in Russia"s stock market. Besides, it is the oil and gas sector is the most undervalued (exception - fixed-line operators) on the lookout cartoonists. Also, oil and gas sector has a greater stake in Russian stock indexes, which determines its sensitivity to the inflow of investments into Russia. By a combination of factors, we believe that oil and gas companies have a good chance to catch up in 2010 "- believed Artem Golubev, a portfolio manager IK" Finam ".

In 2009, the minimum value of "black gold" was recorded in January, Brent crude fell to $ 38 per barrel, Light - up to $ 37. Now quotes oil remain in the Green Zone near the maximum annual marks for Brent - is $ 80, Light - $ 82 a barrel: the February futures for Brent crude traded at $ 78.79 a barrel, Light - $ 79.89 per barrel. "It seems that in the foreseeable future, the dynamics of bidding for the oil market will depend entirely on the dynamics of the U.S. Click to continue »

Russia”s indices closed positive, tomorrow, market participants will pay attention to the outcome of the ECB meeting

Monday, January 18th, 2010

 
  
 
 
  13.01.10 20:30 ;
 

On Wednesday, Russia"s stock market, playing the fall in oil prices and convicts sentiment on global platforms because of possible further tightening of monetary policy in China, opened in the red zone. " However, the decline was short-lived, and with support from the European sites, where the auction took place in the Green Zone, and U.S. futures Russia"s stock market tried to recover lost ground. By midday, the MICEX index was able to get a plus. By 12.40 Moscow time the MICEX index rose by 0.22% to 1430.76 points, the RTS index sank 0.27% to 1531.7 points.

Among

liquid securities market today look better than shares of the banking sector, in particular - VTB (2.34%). Support for them had a statement Chairman of the Board Andrei Kostin, VTB regarding financial results for 2009 under RAS. According to him, in 2009, VTB Bank (main bank) received 28 billion rubles of net profit under RAS. Demand for the securities of banks also increases and the expectation of reporting season, the Western financial institutions, which kicks off on Friday. Ordinary and preferred shares, Sberbank climbed up to the auction on 1,89% and 0,97% respectively.

Papers of oil and gas sector came under pressure from below the prices of "black gold", as well as the likelihood of increased export duties on oil and petroleum products. Papers Gazprom lost 1.3%, Gazprom Neft - 1.68%, LUKoil - 0,6%. Rosneft has added 0,38%, Surgutneftegaz "- 0,64%

Amid rising prices for nickel and copper in strong demand action steel companies: "Mechel" (8,73%), Severstal (6.57%). Developed an interest in securities of energy companies: "IDC Holding" (6,48%), RusHydro (4,13%), FGC (3.55%).

The leaders of growth in today and shares Belon (7,49%), while news that the company prepaid credit provided by VTB. In favorites were also the paper Raspadskaya (3,88%), tomorrow the company will publish the preliminary operating results for the 4 quarter of 2009 and through 2009.

outsiders have fallen in price on the market 2,26% and 2,66% of paper "KAMAZ and AvtoVAZ, which are against continuing with investors expectations of state support for expansion of automobile industry in the coming quarters yesterday traded significantly better than the market.

At the end of the day the RTS index rose to a mark of 1538.43 points, adding 0.17%. MICEX Index finished trading in the "plus" in 0.45% to 1434.02 points. "Trading volumes are still low, the activity of players - low. However, a lull seems to last long. It starts with time of corporate financial reports for the 4 quarter of 2009. Click to continue »

“Finam” granted access to the platform through FORTS FinamTrade

Monday, January 18th, 2010

Investment Holding Finam presented an updated version of the trading system Trade. Now enjoying her investors can work on the derivatives market FORTS. The platform also provides access to a wide range of assets - from securities Russia"s stock market to exchange FOREX and commodity contracts. In addition, the Trade is now available in new, more functional design.

Trading System, Trade - own development Finam. It is a multifunctional shopping and information web application. Trade does not require installation on your computer, although it possesses all the properties of the most popular trading systems. For access to trading the investor enough to have internet access. This Trade consists of several modules, each of which has its own unique characteristics and can be used as a separate trading platform. Using multiple modules at the same time allows the individual to form a commercial space, the most satisfying needs and strategies for the particular investor. Another feature of the system - the possibility of formation of visual applications. The corresponding order affects the line on the graph, the investor can move it with the mouse, thus altering the purchase price and the sale of the asset.

In the updated version of the trading system Trade available the most liquid instruments, presented on the derivatives market FORTS. This provides additional opportunities to implement more complex strategies, hedge risks, etc. Now Russia investors can increase their income at all of the most popular venues, the most efficient use of motion of different markets. Click to continue »

Asia: IT sector is enthusiastic success of Intel

Monday, January 18th, 2010

 

Friday, 15 January, stock markets in Asia have shown mixed dynamics with a predominance of positive component, with a regional indicator MSCI Asia Pacific rose to 5-month high. Although not very impressive macroeconomic data for the United States, released yesterday, the mood in the market was favorable to the background of the positive closing of the American session. This, of course, facilitated a successful quarterly reporting and it is worthy of forecasts from Intel. News from the Australian Commonwealth Bank supported the bullish enthusiasm in the market.

As a result of trading the Japanese Nikkei 225 rose to 0.68%, Chinese CSI 300 has grown on 0,39%, Hong Kong"s Hang Seng declined by 0.29%, while South Korea"s Kospi rose 0.95%. The regional MSCI Asia Pacific added about 0,5%.

At the auctions in South Korea, growth has become possible thanks to a jump shares of Daewoo Shipbuilding Marine Engineering at 15% against the background of news about Posco plans to buy a shipbuilding company.

The second-largest producer in the world of computer memory chips, Hynix Semiconductor added 1.5% and at auctions in Seoul. This influenced the positive statements the world"s largest computer chip manufacturer Intel, as well as a recommendation to purchase shares of Hynix from analysts Goldman Sachs. The largest Japanese chip maker Elpida Memory stronger on 1,5%. One of the world"s largest computer manufacturers Acer at the auction in Taipei has moved by 1%.

At the auctions in Australia"s biggest lender Commonwealth Bank advanced 2.3% on a last-minute trades after the announcement that the semi-annual profit increased by 44% due to the reduction of the bad debts and improve the situation in the capital markets. Other Australian banks are National Australia Bank and Westpac Banking added 0.9% and 0.5% respectively.

At the auctions in Japan, one of the leading steel producer JFE Holdings lost 3.4% against the backdrop of rumors that the iron ore will go up. The food is rumored to give comment mining company Rio Tinto on the growth of sales of ore to record levels. At the auctions in Australia, shares the country"s largest steel worker BlueScope Steel fell 1.9%.

Oil and gas dipped against the backdrop of the retreat in oil prices. Shares of Chinese Cnooc left in a minus on 1,1%, as well as paper and PetroChina. Australian oil and gas company Santos has lost 1,4%, after the abolition of Bank of America analysts recommendation to "buy".

Index Country Closing (items) Delta day (items) Change day (%) value at beginning of year (the last closing in 2009) Change YTD
SP /ASX 200 Australia 4,899.59 1.55 0.03% 4870.64 0.59%
All Ordinaries Australia 4,929.52 0.15 0% 4882.71 0.96%
Ho Chi Minh Vietnam 505.42 -6.91 -1.35% 494.77 2.15%
Hang Seng Hong Kong 21,654.16 -62.79 -0.29% 21872.5 -1.00%
Hang Seng H-shares Hong Kong 12,356.88 -6.49 -0.05% 12794.13 -3.42%
BSE 30 (Sensex) India 17,554.30 -30.57 -0.17% 17464.81 0.51%
Jakarta Composite Indonesia 2,647.09 1.91 0.07% 2534.36 4.45%
Shanghai A-shares China 3,381.14 8.98 0.27% 3437.46 -1.64%
CSI 300 China 3,482.74 13.69 0.39% 3575.68 -2.60%
KLSE Composite Malaysia 1,298.58 3.87 0.3% 1272.78 2.03%
NZSE 50 New Zealand 3,257.95 -20.38 -0.622 % 3230.15 0.86%
Karachi 100 Pakistan 9,915.13 112.68 1.15% 9386.92 5.63%
Straits Times Singapore 2,908.42 -1.10 -0.04% 2897.62 0.37%
Bangkok SET Thailand 746.52 -2.90 -0.39% 520.69 43.37%
TAIEX Taiwan 8,356.89 66.91 0.81% 8188.11 2.06%
PSEi Philippines 2,553.96 -3.44 -0.11% 3052.68 -16.34%
Colombo All-Shares Sri Lanka 3,563.14 26.43 0.75% 3385.55 5.25%
KOSPI South Korea 1,701.80 16.03 0.95% 1682.77 1.13%
Nikkei 225 Japan 10,982.10 74.42 0.68% 10546.44 4.13%
Topix Japan 966.4 7.39 0.77% 907.59 6.48%

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Europe: following statements Societe Generale banking sector had to surrender

Monday, January 18th, 2010

 

Wednesday, January 13, the major stock markets in the European region have shown mixed dynamics with a predominance of positive component - high-tech sector stocks were popular among investors, after analysts raised their recommendations on the securities of individual companies in the industry, meanwhile, the banking sector, on the contrary who were under siege because of allegations of French bank Societe Generale.

As a result of trading a key index of the UK FTSE 100 fell by 0.46%, despite the fact that industrial production in monthly terms has increased in November at 0.4% versus 0.3% expected by analysts. The French CAC 40 index rose only 0.02%, while the German DAX closed in positive territory at 0.34%. Regional index Dow Stoxx 600 has become harder to 1,28% and closed at the level of 257.1 points.

Shares of the second-largest European semiconductor manufacturer Infineon Technologies strengthened to 3.39%, after Goldman Sachs Group analysts raised their rating on the background of the expected profit increase of high-tech companies on the basis of activity in the fourth quarter. In turn, the leading European manufacturer of equipment for semiconductor ASML Holding earned at the auction 1,58% of market capitalization. Analysts Goldman Sachs Group raised the rating of securities ASML from "neutral" to "buy".

Quotes of the German group Freenet dropped during the session at 2.28%. Today it became known that British private equity firm Permira, through its German unit Telco Holdings intends to sell the remainder of her 10.1% stake in Freenet totaling 119 million euros ($ 127.7 million).

The leader of growth in the Stoxx 600 index has become Europe"s largest supplier of insulation and roofing SIG, whose shares soared 10.02%. Company representatives said that annual profit before tax excluding one-time items as a minimum will coincide with the expectations of analysts.

Leading Belgian pharmacist UCB has added to its asset 4,1%, after analysts Citigroup have recommended to buy his paper.

Shares of the banking sector failed to pass the sale, after disappointing second-largest applications in France lender Societe Generale. According to the report, which has no precise figures, Societe Generale expects to receive asmall profit in the fourth quarter due to write-off of 1.4 billion euros ($ 2.03 billion). As a result, quotes, Societe Generale, BNP Paribas, Deutsche Bank and Credite Agricole fell 3,52%, 0,7%, 1,7% and 1,24% respectively.

The operator of Europe"s largest plant for the production of bioethanol CropEnergies reported on the results of the third quarter. Thus, the profit after taxes, interest and depreciation increased by 36% and amounted to 9.5 million euros ($ 13.8 million). As a result, the paper CropEnergies become harder to 2,5%.

By improving the analysts, JPMorgan Chase Co predictive value of the shares in leading European producer of potash KS from 34 euros to 41 euros, quotes the company went in plus on 1,2% to 44,84 euros.

Values of the basic indexes on closing are resulted in the table:

Index Country Closing (items) Delta day (items) Change day (%) value at beginning of year (the last closing in 2009) Change YTD
ATX Austria 2,651.84 20.92 0.80% 2495.56 6.26%
BEL20 Index Belgium 2,575.11 10.06 0.39% 2511.62 2.53%
FTSE 100 United Kingdom 5,473.48 -25.23 -0.46% 5412.88 -8.12%
DAX Index Germany 5,963.14 20.14 0.34% 5957.43 0.10%
IBEX 35 INDEX Spain 11,958.30 -7.8 -0.07% 11940 0.15%
SP /MIB Italy 23,658.40 75.05 0.32% 23248.39 1.76 %
AEX Netherlands 338.18 1.41 0.42% 335.33 0.85%
OMX Nordic 40 Scandinavia 856.66 5.65 0.66% 829.44 3.28%
CAC 40 France 4,000.86 0.81 0.02 % 3936.33 1.64%
SMI Switzerland 6,554.55 12.65 0.19% 6545.91 0.13%

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