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

Written by admin on 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. As expected, these promise to be somewhat optimistic, that will have a positive impact on the dynamics of markets. This week, accountable Intell and JP Morgan. The greatest interest for the participants will represent the bank accounts, but are unlikely to expect unpleasant surprises. In this regard, can probably be expected to increase domestic stock indicators and growth in value of securities, - says Ivan Fomenko, deputy chief of the fiduciary "Absolut Bank".

in U.S. oil supplies last week rose by 3.7 million barrels to 331 million barrels, is expected to grow to 1.2 million barrels. As a result, quotes the "black gold" continues to decline: to 20:10 Moscow time, the March futures for Brent crude traded at $ 78.86 a barrel, Light - $ 80.21 per barrel.

In the evening session on FORTS the March futures on the RTS index increased to 1.15% and amounts to 155,545 points. Futures for shares of Gazprom and LUKoil added 0,61% and 0,74% respectively, and futures for shares in the Savings Bank "in the black at 0,69%.

Currency

pair euro /dollar is at 1.45. Today, the MICEX for one dollar gave 29.59 rubles for one euro - 42,96 rubles. Thus, the value against the currency basket was 35.58 rubles (Tuesday trading on the basis of currency basket price stood at 35.54 rubles).

European indexes finished the auctions different direction: the FTSE fell by 0.46%, CAC 40 index rose 0.02%, DAX index added 0.34%. The leading U.S. index, which demonstrated early in the session a slight decline, to date, are in slight increase: at 20:10 Moscow time, the Dow Jones rose 0.41%, the index SP - on 0,31%, the index of Nasdaq - for 0,39 %.

"Compression of liquidity is a major risk to global stock sites in the coming year." Chinese factor "that has become a powerful driver of growth last year, in the case of reducing the consumption boom could potentially trigger a correction in commodity areas due to reduced demand, so investors will accurately track the signals emanating from central banks. In this regard, tomorrow should focus on the results of ECB meeting. Let me remind you that the recent statements made by Jean-K.Trishe pointed to the need for the withdrawal of excess liquidity in the markets. Since February 1, plans to reduce the program to inflate Market liquidity and the Fed, which could have a negative impact and seriously reduce the inflow of speculative money, setting off a wave of adjustable mood "- commented Anna Lyukanova, an analyst at GK ALOR".

  

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