After the gap up at the opening of Russian sites during the day are most likely to consolidate

Written by admin on October 19th, 2009

 
  
 
 
  19.10.09 12:55 ;
  Before the opening of Russian trading on Monday formed a moderately negative external background. Nevertheless, the increasing oil segonyashnie allowed to start trading with a gap up about 1% on the MICEX index.

upward movement at the opening was later supported by the European sites. The FTSE has risen so far at 1.18% to 5,251.59 points, on the DAX index rose 1.21% to 5,812.62 points, the CAC 40 index was 3,872.14 points (1.16%).

By 12.50 Moscow time the MICEX index adds 0,93% and amounts to 1329.33 points, the RTS index increased to 0.85% and amounts to 1420.7 points.

In the absence of ideas in the main sectors of demand participants enjoyed the paper of the telecommunications sector. The leaders of growth in the first hours of trading were common (5.3%) and preferred (9,3%) shares of Rostelecom. According to the analyst GC Alor Anna Lyukanovoy, paper Rostelecom, despite the rise of quotations, yet have significant growth potential, since the issuer's common stock traded below the annual peak of more than 50%, while in many papers the annual maximum was Updated several times.

Thanks to the positive dynamics of oil quotations oil and gas sector stocks traded slightly better than the market. Gazprom adds 1,3%, LUKoil - 1,3%, Rosneft - 0,33%. According to the analyst IFC Basil Konuzin, a threat to the shares of commodity companies can bring to the strengthening of the dollar against the euro on fears of sounding the monetary authorities in respect of the excessive strengthening of the single currency.

The euro /dollar this morning near the 1.48 mark tested against 1,496 at the opening ceremony last Friday. Ruble to the dollar and the currency basket on MICEX today is 29.38 and 35.83 rubles. against, respectively, 29,32 and 35,80 rub. in morning trading on Friday. In the short run may reduce some quotes Russia's currency to the dollar, including those under the influence of technical factors, - considers chief economist UK Finam Management Alexander Osin. Medium-term prospects of the dynamics of the value of the ruble against, primarily, to the dollar, also appear to bear in nature.

Increased activity is observed today in shares of MMC Norilsk Nickel (2.43%). Today, the company will publish results under IFRS for the first half of 2009.

«Further, in the absence of significant surprises on the part of corporate reporting and monetary and commodity markets, it can be assumed on consolidation of Russia's stock market, - considers the deputy. Head of analytical department of Open Company SOVLINK Olga Belenkaya.

Today at 19.00 mskglava B. Bernanke, U.S. Federal Reserve will speak on the economy at the Fed conference in California, at 21.00 Moscow time will come the October data on the housing market index (NAHB). After the close of trading in the U.S. will report Apple and Texas Instruments.

By 12.50 Moscow time, Russia's ADRs for shares in London (in dollars per share) are: LUKOIL - 66 Norilsk Nickel - 137.173, Rosneft - 8.3, Rostelecom - 6.29, Gazprom -- 6.561.

December futures for Brent crude traded at $ 76.98 per barrel, Light - $ 78,97 per barrel.


  

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