Good chances look better than the market today has shares of Russian oil and gas sector

Written by admin on July 10th, 2009

On Thursday, Russian stock indexes finished trading moderate decrease in the pressure of dominant negative external background: RTS (-0.5%), Moscow Interbank Currency Exchange (-0.9%).

In the framework of market trends traded shares of banks and oil and gas sector: Lukoil (0.1%), Gazprom (-1,0%), Rosneft (-0,8%), Sberbank (-0.4%), VTB (-1,5%). Norilsk Nickel (-1.1%), despite the rise in major commodity groups are also recorded decrease. Significantly worse than the market shares of CMI appeared (-6.1%), Raspadskiy (-6.3%) andTMK (-5.6%).

On Thursday, the U.S. stock market indicators closed in slightly positive, supported by growth in the financial sector and commodity companies. Moderately positive trends have developed, and the stock sites in Asia, where key indices added within 0.5%. Stopped falling commodity areas: oil futures have stabilized at $ 61, after several days of the fall in succession had grown up non-ferrous metals industry.

According to our estimates, a morning background today is moderately positive for the Russian stock market. However, we do not anticipate creating any sustained ascending trend and believe that the market will continue to consolidate around current levels. Good chances look better than the market currently have stock of oil and gas sector, as banks try to win back some lost ground.


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Analytical review of the Forex market for 9 July, 2009
United States: fiscal and energy sector increased indexes plus
Russian-British TNK-BP has concentrated up to 100% Lisichansk refinery
NBU will decide to participate in the capitalization of Naftogaz in light of inflation risks
Expect to rise above 920-930 points on the MICEX index has not yet been accounted for
Today is the opening of the Russian market is expected to close yesterday's closing levels or slightly higher
The volume of trades in the market shares of the MICEX Stock Exchange on Thursday was 111.28 billion rubles
Neutral closure and consolidation of the U.S. index of oil prices in the region of $ 60 will provide some support for the Russian market
Today the paper the Russian banking sector will not be able to stay in the zone of positive values

 

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