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 31.12.09 14:02 ;
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the last day of the year Russia"s stock market, as expected, showed no significant changes. Against the background of low growth indices in the U.S. and positive commodity platforms domestic indexes had a short trading session in the Green Zone. MICEX trade results added 0,59%, to close at 1370.01 points mark. Index PCT rose to 1.24% and reached the mark of 1444.61 points.
2009 was a year of recovery for the domestic stock market. Russia"s leading indexes were in this year among the leaders of growth among emerging markets: the MICEX index since the beginning of the year grew by 120%, RTS index rose nearly 130%. "The RTS index has failed before the end of the year to go above the level of 1500 points. Likewise, the MICEX index stumbled on the level of 1400, which became for him an insurmountable resistance. All this indicates a fall in demand in blue chips and the saturation of growth, as well as that next year the dynamics of liquid shares will no longer be so obvious as in this ", - says Sergey Belov, Asset Manager IK" Finam ".
most liquid securities for the year brought more than 100% return, absolute leaders of growth were preferred shares, Sberbank and Paper InterRAO "that allowed investors to increase their investments in comparison with the beginning of the year more than 7 times. The only in liquid securities, ended the year in the red, were ordinary shares of Rostelecom, fallen in price for the year almost doubled.
Papers of oil and gas sector showed a smaller increase: Gazprom shares added during the year about 70% of "LUKOIL" - about 80%, and, according to analysts, these securities remain the investment attractiveness. "It is important that in 2009, namely oil and gas companies have shown the dynamics of the worst among all sectors of the economy in Russia"s stock market. Besides, it is the oil and gas sector is the most undervalued (exception - fixed-line operators) on the lookout cartoonists. Also, oil and gas sector has a greater stake in Russian stock indexes, which determines its sensitivity to the inflow of investments into Russia. By a combination of factors, we believe that oil and gas companies have a good chance to catch up in 2010 "- believed Artem Golubev, a portfolio manager IK" Finam ".
In 2009, the minimum value of "black gold" was recorded in January, Brent crude fell to $ 38 per barrel, Light - up to $ 37. Now quotes oil remain in the Green Zone near the maximum annual marks for Brent - is $ 80, Light - $ 82 a barrel: the February futures for Brent crude traded at $ 78.79 a barrel, Light - $ 79.89 per barrel. "It seems that in the foreseeable future, the dynamics of bidding for the oil market will depend entirely on the dynamics of the U.S. currency against major world currencies. However, attempts to test the $ 80 mark per barrel for the past almost month and a half, repeatedly suffer failure. It is noted that the spread between European and American oil, not so long ago who had a positive value, which is a rarity, and said that there were some contradictions in the market of black gold, evaporated. It can speak about the increase in demand for "black gold" of the ocean and, indirectly, may indicate to achieve some balance in the oil market, and, perhaps, the willingness to continue its growth. Perhaps in theforeseeable future we will witness vysokovolatilnyh trades with the formation of a new side of the corridor on the oil futures market ", - considers Basil Konovalov, a portfolio manager IK" Finam " .
As for Russia"s foreign exchange market, the outgoing year for him was full of events. Began in 2009 with the accelerated weakening of the ruble Central Bank of Russia, the start which was given in November 2008. In late January, the cost of currency basket was fixed at 41 rubles, almost 30% higher than the value of the basket of mid-November 2008. Later, the national currency started to strengthen, and now on the MICEX ruble traded at around 36 rubles for a mark against the currency basket. Yesterday, the last trading day on the MICEX currency market, the dollar gave 30.23 rubles for one euro - 43.41 ruble value against the currency basket was 36.2 rubles. Currency pair euro /dollar at Forex stands at 1.441.
In 2010, according to experts, no stock or commodity market will not show such growth rates, which were observed in this. "It is unlikely that in the new year have to rely on an equally impressive rally in the stock market, as in the outgoing year. Nevertheless, due to the events of the year asset value on the market today is quite different, and therefore the price of any changes to grow substantially," - Jury finds Oxen, senior analyst at the Bank of Moscow ".
"Despite the fact that the dynamics of the stock market, usually preceded by the dynamics of the economy in general, early next year to wait for upward trend on Russian stock exchanges early. Any attempt to accelerated growth can only lead to a speculative bubble." Many investors is likely to begin actively selling in the second half of January in anticipation of the beginning of the period of rising interest rates and other measures to mitigate the policy of state support. Thus, in the first quarter of probable development of the corrective wave. However, the long-term trend seen us positive. As a result of 2010 we expect growth of 25-30% ", - analysts suggest IR" Financial Bridge ".
The dynamics of tomorrow"s trading on the market of Russia will depend on the data report Intel
Forecasts of analysts: Russia"s actions will occur close to their previous position, further upward movement may complicate oil
Growth is constrained by Russian indexes are reinforced dollar and low oil prices
Russia"s bid ended in a weak minud47s, next week may remain moderately positive attitude players
Dollar resell
In the first trading day of 2010 "rested" Russia"s indexes soared more than 5%
Analysts" forecasts: A favorable external background contributes to the positive opening of the Russian sites in the first trading day in 2010
Analyst forecasts: The last session in 2009 will moderate growth
Russia stock market concluded the penultimate trading session, thd54e decline tomorrow big moves we should not expect