Russia stock market open significant decline, unable to end morning trading to close «gap»

Written by admin on August 25th, 2009

 
  
 
 
  25.08.09 20:53 ;
  Russia's stock market started the day a significant decrease in quotations of marketable securities. This contributed to a negative external background, formed before the opening of domestic sites. U.S. index futures declined after two days of positive market dynamics. At the Asian sites observed profit-taking. By 12.30 Moscow time the MICEX index fell by 1,347% and amounted to 1105.45 points, the RTS index fell by 1.14% to 1081.5 points.

The worst of the market while stocks seemed Russia's oil and gas sector. The reason for a deeper reduction of the sector has been falling oil prices by more than 1%.

After strong growth in trading Monday on the background of news about a new automotive holding paper AvtoVAZ on Tuesday declined. Today the president of AvtoVAZ Boris Aleshin has announced his decision to leave the post of head of the company in connection with his transfer to another job. At the end of the day ordinary and preference shares of auto giant fallen on 5,32% and 3,61% respectively.

positive momentum shown today shares Dorogobuzh, adding up to the auction 4,55%. According to information published on Monday, Silvinit re-directed to the address manufacturers of complex fertilizers (Akron, Dorogobuzh and other) contracts for the supply of potassium chloride before the end of 2009 on the recommendation by the Ministry of Industry and Trade prices at a level 3 955 rub. ton.

On the afternoon of painting in Russia market began to change for the better - the decline to a halt. This helped improve the situation on the world sites, futures on U.S. stock indexes began to grow again. In separate papers, Russia appeared purchase, and soon more of them.

oil and gas sector finished the day in the «green belt»: «Gazprom» (0,07%), «LUKOIL» (0,05%), «Rosneft» (0,9%), «Surgutneftegaz» (1, 2%). Quotes «Severstal» climbed to 2,81%, «Mechel» soared to 4.21%.

The relatively high growth showed on Tuesday shares in Russia's consumer sector, above all - the paper «Magnet» (6,58%), which, as experts note, once again act out quite favorable financial statistics of the company, which was published recently.

banking sector concluded Tuesday negative values: «Sberbank» (-0,8%), VTB (-1,5%). «An interesting event of the day was the announcement of the offering price of additional issue of VTB 4.82 penny per share. Today's auction VTB shares finished at 4.37 kopeks, which contributes to the rise of securities at the opening. Judging by the catechumens prices, the additional issue will not participate minority shareholders, investors were only state which, judging by the plans to increase its stake to spend 180 billion rubles. So, tomorrow at the opening of the bank's shares can punch up psychologically significant level of 4.5 kopecks », - says Natalya Yassin, an analyst at GK ALOR.

One of the leaders of the fall campaign began «RusHydro», quotes which went down at 5.84%. Worse than the market closed and the paper «Tatneft» (-2,33%).

Shortly before the opening of U.S. trading session of the domestic indicators were able to close the morning «gap». After the release of positive statistics on consumer confidence and the value of real estate in the U.S. market Russia lurched upward, but the very end of the session was marked by a setback.At the end of the day on the RTS index rose 0.82% to 1103.02 points. MICEX Index finished trading in the «minus» at 0.42% to 1115.85 points. «The situation remains tense on the market, but it can be described rather as a positive. Oil prices are near the maximum annual values and try to overcome these marks. While attempts are not too successful, causing high volatility in the markets, and any displacement of petroleum quotations down is selling », - said Ivan Fomenko, deputy chief of fiduciary« Absolut Bank ».

In the evening session on FORTS the September futures on the RTS index decreases on 0,09% and amounts to 109,645 points. Futures for shares in Gazprom and Sberbank lost 0.24% and 0.22% respectively, futures on shares of LUKoil in positive territory at 0.32%.

Currency pair euro /dollar is at 1.433. Today, the MICEX for one dollar gave 31.44 rubles for one euro - 44,94 rubles. Thus, the value against the currency basket was 37.43 rubles (currency basket price yesterday stood at 37.47 rubles).

Oil is trading near annual highs. By 20:30 Moscow time, the October futures for Brent crude was at $ 73.34 per barrel, Light - $ 73.8 per barrel.

Trades in Europe ended in positive territory: the FTSE rose by 0.42%, CAC 40 index added 0.78%, DAX index in positive territory at 0.68%. Trading platforms in the United States opened in «green belt». At 20:30 Moscow time, the Dow Jones rose 0.98%, the index of SP increased by 0,96%, the index of Nasdaq - for 0,94%.

«Now Russia's main stock market, major players have a rest and do not actively participate in the bidding. All price movements that we see in August, determined by small and medium-sized parties, which react to incoming information: makrostatistiku from the United States, Europe, Asia and Russia. Despite the fact that our market is growing, the RTS index has struck nearly 1,100 points, and it remained 10% to a maximum value of this year. I suppose that with the advent of September, when the bourses would return the big players and will begin active operations, Russia's market expects a significant decline in prices, and this is characteristic of commodity markets and stock markets in developed countries. Also in September, will increase trading activity in the market and this will be accompanied by negative dynamics of quotations », - believes Airat Sattarov, a trader United Finance.
  

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Better the market ended the day the paper Mosenergo and Surgutneftegaz, whose growth was 2,3% and 1,3%
Oil and gas left in the green zone: Gazprom (0,07%), LUKOIL (0,05%), Surgutneftegaz (1.2%)
Tomorrow at the opening of VTB shares can punch up psychologically significant level of 4.5 kopecks
Renewal of the U.S. economy apparently retained confidence in the dollar as reserve currency
Europe: the telecommunications sector went up the hill
Daewoo will invest 1.7 billion dollars in gas exploration in Myanmar
Expert: Problems in the insurance companies are increasingly addressed through bankruptcy
Begun the phase of recovery Sayano-Shushenskaya hydroelectric power station, which will require investments of 40 billion rubles
The worst of the market on Tuesday looked like the action Savings Bank, which are lower, probably contributed to the technical factors

 

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