The forecasts of analysts: the Russian stock market at the opening try to restore some wasted positions, while the MICEX index went to 1000 mark

Written by admin on July 30th, 2009

 
  
 
 
  30.07.09 10:20 ;
  Yesterday in the Russian market continued to correctional movements in the background of falling of quotations of oil and the strengthening of the dollar against major world currencies. As leaders of decline were shares GMK «Norilsk nickel» (- 4,09%). Oil and gas industry as a whole demonstrated obscherynochnuyu momentum moving for the quotations of oil: «Gazprom» (-1,54%), «Gazprom Neft» (-1,22%), «Rosneft» (-0,09%). Papers banking sector looked slightly worse than the market: «Bank» (-2,4%), VTB (-2,4%). Shares of steel companies have demonstrated mixed dynamics: CIM (-1.2%), NLMK (0,4%), «Severstal (1.6%).

Of the liquidity of securities in the positive zone of the day completed the Severstal (1.6%), Surgutneftegaz (0,77%),« Polimetall »(2,53%). Better the market on Thursday, the paper looked consumer sector: «Magnet» (5,6%), «Dixy» (1,85%), supporting papers have statements of Chapter Templeton Asset Management on the good prospects for the industry.

According to the results of yesterday's session, the RTS index showed a decline of 2.8% to 973.78 points. MICEX Index has completed trades in «red» to 1.54%% to 986.8 points. In the evening session on Thursday September FORTS futures on RTS index fell by 0.99% to a value of 93,660 points.

This morning course a pair of euro /dollar at Forex stands at 1.4.

Oil prices dropped sharply yesterday after the published data on stocks of fuel in the United States, under which oil reserves increased by 1.5% instead of the expected decline. September futures on oil brand Brent traded at around $ 66.84 a barrel, Light - $ 63.31 per barrel.

this morning background again negative for the Russian stock market. On Wednesday, the U.S. stock indices closed in the negative range: Dow-Jones index fell by 0,29%, SP - on 0,46%, Nasdaq - on 0,39%.

Asian indexes today traded in the green zone: Japanese Nikkei index has now grown to 0,51%. China's Shanghai Composite Index rose by 0.6%.

«Most likely, at the opening of the market will continue to decline following the commodity trading companies. However, the increase in futures on U.S. stock indicators able to support the Russian indexes », - noted Denis Kruglov, analyst IK FINAM.

«Pressure on the market will have a drop in oil quotes, which continued after the closure of the Russian market. In addition, another wave of falling ruble will have a negative impact on the quotations of securities banking sector. Nevertheless, we are currently witnessing rebound in currency and commodity platforms, enabling to calculate the movement after the opening up of Russian sites »- believes Dmitry Kontorschikov, an analyst at SG shares« Vestiga ».

«The Russian stock market at the opening try to recover misappropriated a portion of their positions, and the MICEX index went to 1000. Today, attention may attract a large flow of statistics from Europe, as well as data from the U.S. labor market. Level 980 on the MICEX, judging from everything, becomes a key point in the struggle for which he will determine its future direction. Sample 980 can recline to a 950 index. Oil is now weak, while the dollar has strengthened its position. If oil goes below $ 65, then avoid falling unlikely. All hope is only on foreign stock area, a development which closely tracked and commodity markets. In the meantime, it seems that the idea of an end and markets are returning to the volatile outset. In this situation, the Russian market may be caught in the corridor 870 - 1100. Say about the direction of motion of the MICEX index today would be, once it is released outside of the corridor 980 - 1010, with a likely growing trend in overcoming boundaries outset », - believes Paul Head IFC Evrogrin.

In the course of today's trades may affect the data on the number of applications for unemployment benefits in the United States, which will be published in 16.30.
  

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