Forecasts of analysts: Today «ox» continue to storm the 1,130 points mark for the MICEX

Written by admin on September 1st, 2009

 
  
 
 
  01.09.09 09:47 ;
  On Monday, a negative external background domestic sites were opened in negative territory, the MICEX index in early trading has lost more than 1%.

In leaders of growth during the day were shares of telecommunications companies in the sector clears the idea of quick reorganization of Svyazinvest. «Northwest Telecom» would add 6.1%, «Sibirtelecom» vaccinated. - 4.4%, «Uralsvyazinform» - 4.4%, «Volga Telecom» vaccinated. - 3.2%.

Preferred shares «Transneft» added on the basis of bidding 3,3%. From tomorrow, the paper companies will be included in the calculation of the MSCI EM index and the MSCI Russia.

Against the backdrop of falling oil quotations best representatives of the oil and gas sector stocks look «Lukoil» (-1,4%). Vice President Leonid Fedun said that «Lukoil» plans to close the deal on September 1 to purchase a refinery TRN in the Netherlands, in IV quarter of 2009, expects to increase investments in overseas projects.

metallurgists Shares reacted negatively to the statements of the largest Chinese steel group Baoshan Iron Steel. As a result, shares of «Mechel» decreased by 3%, MMK - on 2,88%, TMK - 2.8%, GMK «Nornickel» - at 2.7%, «Severstal» - by 2.5%.

On Monday, the MICEX to the dollar gave 31.83 rubles for one euro - 45,43 rubles. Thus, the value against the currency basket was 37.91 (on Friday against the currency basket price stood at 37.83 rubles).

By the end of the day Russia's market was trading in the «red zone» in small quantities. Prior to the auction in the United States players active action is taken. As a result, the outcome of the day the RTS index reached 1066.53 points (-2.1%), the MICEX index lost 1,74% and closed at 1091.98 points mark.

External background before opening Russia's bidding on Tuesday moderately positive. America on the eve of closed lower, while oil and gas sector was worse than the market, and the financial sector at the market. Asia is trading higher: in the region is dominated by buyers on the background of positive statements Hon Hai Precision Industry, as well as strong data on industrial production in China. Japanese Nikkei grows by 0.6%. Chinese Shanghai Composite rising 0.5%.

London Brent traded at $ 70 mark. Futures on the SP 500 is still within the range of 1020-1035 points.

In this regard, experts expect a small gap up opening. «Maybe today« ox »continue to storm the 1,130 points mark for the MICEX index, and if this resistance level will be taken, then we will have good speed on the background of a massive short covering of positions», - analyst bank «Solidarity» Nikolay Vladimirov. According to the analyst IK «Vestiga» Dmitry Kontorshchikova, a significant recovery in the market is not worth waiting: ideas for buying now incredibly difficult to find, for reasons still lack sale. However, do not rule out a technical rebound after yesterday's fall upwards.

Within days the market will affect the publication of the following data: at 11.55 Moscow time - unemployment in Germany, at 13.00 Moscow time - unemployment in the EU, at 18.00 Moscow time - an index of business activity in the U.S. manufacturing sector, construction costs, the pending transaction sale of housing.

From the intra-news output should be noted the results for the second quarter of this year, «Rosneft» and «Evraz». «Probably, if the favorable development of trading in these securities will be increased activity, and they have every chance to show the dynamics of« better than the market », - analysts say« the Moscow Stock Center ».


  

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