Analysts' forecasts: Despite the fall on the eve of Russia's stock market today can play a part loss

Written by admin on October 14th, 2009

 
  
 
 
  14.10.09 10:03 ;
  On Tuesday, Russia's stock market has adjusted downward after several days of growth. The most active fall demonstrated quotes Rosneft (-4.98%), VTB (-4.98%), Norilsk Nickel (-4.44%) and prefecture Sberbank (-5.31%) . Polyus Gold has risen in price on 0,67%. Much better than the market looked shares of the electricity sector: paper RusHydro increased by 4,07%, OGK-2 and OGK-3 was added 5,6% and 6,3% respectively. Sector producers of mineral fertilizers has also shown good results: Uralkali rose to 1,36%, Dorogobuzh closed in the green zone at 0,38%. MICEX Index on the basis of the day was 1320.7 points (-2.7%), the RTS index closed at 1400.02 points mark (-1.96%).

In the evening session on FORTS December futures on the RTS index had escalated to 141,500 items, adding 1.21%.

As experts note, this morning's background is positive for Russia's stock market. On Tuesday, the U.S. stock market dominated by negative sentiment caused by the weak reporting company Johnson Johnson and the decline analysts recommendations on stocks of the financial sector. At the end of the day Dow-Jones index fell by 0,15%, SP - on 0,28%, Nasdaq rose by 0,04%. At the end of trading on the closing price of ADRs on Russia's actions were: VTB (Eng) - 4,68, Gazprom (Eng) - 25,93, LUKOIL (Eng) - 63,7, Norilsk Nickel (Eng) - 13,38, Rosneft (Eng) -8.25 Surgutneftegaz (Eng) - 9,39, MTS (USA) - 51,31, Rostelecom (USA) - 28.92, Vimpelcom ( USA) - 19.31, Mechel Steel (USA) -19.94.

Asian sites show today mostly positive dynamics against the background of published data on the slowing of the fall of exports in China, Intel has also pleased investors its sales forecast. The Japanese Nikkei index fell to date on 0,03%, China's Shanghai Composite Index growing by 2.39%.

Currency pair euro /dollar has updated its maximum value of more than a year. This morning, the rate of pair euro /dollar at Forex stands at 1,488. According to analysts Forex Club, principled resistance for the pair euro /dollar rate is 1.4900, breaking through that, a couple may go above 1.4950.

price of futures on black gold is also a record for the current year value. At a weaker dollar and optimism regarding the restoration of the world economy oil futures varieties Light overcame level of $ 75 per barrel. December futures for Brent crude traded at $ 73.8 per barrel, Light - $ 75,43 per barrel.

Most experts expect to see the opening of the Russian sites with gepom up. Despite the fall on the eve of Russia's stock market may play a part losses. High oil quotations, increased futures on U.S. indices, positive dynamics in the Chinese stock market, weak dollar - all of these factors will play a bulls on hand. However, in the event of negative data from the ocean, we do not exclude the continuation of the correction in the market. Perhaps Russia's market will again follow the dynamics of quotations of oil futures and the U.S., waiting for news from the U.S.. Better the market may be the paper of Lukoil, Sberbank and GMK Norilsk Nickel , - analysts note that the Moscow Stock Center.

«Perhaps, amid rising oil prices increased demand for the opening will benefit stocks of oil and gas sector. Due to lower demand for shares of the world's financial securities companies domestic banking sector may be slightly lag behind the market , - says Denis Kruglov, an analyst at the investment company Finam.

Today, in addition to early publications reporting U.S. banks, we will have enough saturated macroeconomic calendar. Some statistics on the course of today's trading may affect the data on industrial production in the euro area (13:00 Moscow time) and retail sales in the U.S. (16.30 Moscow time). From corporate reporting can be identified JPMorgan Chase (before opening the American market).


  

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