After yesterday's tumultuous downward Today in Russia there is a breathing space

Written by admin on June 20th, 2009

MICEX Index younger at 1.55% on yesterday's closing value 1095r. Maximum growth occurs in the financial sector (1.88%), the maximum decrease observed in the manufacturing sector (-2.23%). The index of large capitalization grows at 1.8%, the average market capitalization - is losing 0.51%, a small market capitalization - no change.

The Central Bank of Russia took theinitiative in 2010 to allow the circulation of government securities, not only on the MICEX, but also for other exchanges.

The Ministry of Finance of Russia in 2010 is going to resume the practice of external borrowing, so the volume of loans for 2010 is planned in the amount of 10mlrd.doll.

The head of Sberbank G. Gref said that many Russian banks went bankrupt, which, however, does not lead to systemic problems in the industry. At the Sberbank, according to G. Gref, problems with capital is not expected.

June 9, OOO RN-Development has increased its stake in OAO NK Rosneft from 4.77% to 9.44%.

OAO Severstal plans to sell the plant Allenport, rospolozhenny in the United States. The transaction is scheduled in August 2009.

The August crude oil futures traded on NYMEX, rising to 1.97%, trading near 72.72 U.S. $ /barrel. September futures for the SP 500 index, traded on the CME, in the black at 0.19% and traded at U.S. $ 921.25

Today, there is a respite after yesterday's tumultuous downward. Current price levels in the region of 1100r. MICEX index, can be used to play for a fall in the shares of the first tier, because the probability of continuing the downward movement in the coming days, in my opinion, is high enough.

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Analyst Ratings


In the Russian market still dominated by correction mode
If the shares of Russian companies will finish the day at current levels or higher, the picture for the bulls will become chocolate
Better market looks banking
By the end of June, the rise in oil prices comes to $ 75 a barrel, the MICEX index - up to 1350 points
At 16.00 Moscow time the volume of trades in the market for government securities MICEX was 6.85 billion rubles
Oil does not want to break a trend upward, rising prices could go further, to the area $ 80-90 per barrel
If the flow of news is negative, we can expect further strengthening of the dollar and reduce the stock
In the event that positive data from the United States the Russian market is ready to continue the growth and in the evening
Correction on the Russian market is a reaction to the uncertainty of the external background and lower the prices of energy

 

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