At the end of trading Wednesday, the Russian financial sector has lost an average of 2.5%

Written by admin on July 8th, 2009

Trading on the Russian market were in the same vein, falling in small quantities. The market opened lower prices: the MICEX index fell nearly 900 points (-2.7%), against a background of negative dynamics of American markets, as well as the weakening of oil. During the day, Russian indexes traded in the red. Positive contributed only left in the middle of the day on promproizvodstve in Germany, which grew by 3.7% compared to the previous month. Toward the evening went on commercial oil stocks in the United States, which declined in the week to 2.9 million barrels (0.8%), gasoline stocks rose by 1.9 in front of millions of barrels (0.9%), the data led to further correction in the oil market, the 19.00 mark WTI traded at 61.46 per day lost -2.35%.

MICEX index closed at 904.58 (-2.42%), RTS index 889.77 (-3.72%). In the steel industry only CMI (4.21%) closed in positive zone, the fall has become a leader SeverStal (-5.19%), the oil sector fell by an averageof 2,5%, Gazprom (-3,8%), Rosneft (-- 2,51%), Novatek (-1.67%), Gazpromneft (-1.24%), Surgutneftegaz (-4.42%), Tatneft (-4.78%). The financial sector has lost an average of 2.5%. Investors are still waiting for lower levels, the fall is not accompanied by large volumes.

Following the news that Evraz (-11.4%) posted the bond for $ 600 million and the GDR at $ 300 million, shares of the company proseli. There was selling in all the regional telecom except Dalsvyaz.

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