In the remainder of the trading session is expected to return MICEX index above 1000 points

Written by admin on June 22nd, 2009

By 15:06 Moscow time the MICEX index fell by 5% value of 987.5 river. The maximum decline is observed in the electricity sector (-7.33%), minimal drop - in the financial sector (-4.42%).

index of large capitalization fall by 5%, the average market capitalization - is losing 4.7%, a small market capitalization - in the red at 6.2%. International Reserves of Russia for the week decreased to 2.9 billion. to 406.6 billion dollars., ie at 0.7%.

OAO Gazpromneft in the 1 st quarter of 2009 got under IFRS 335mln.doll. net profit that is less than 4.3 times the rate a year ago. In doing so, revenue fell by half to about 4.2 billion dollars.

OAO Surgutneftegaz will receive tax relief on the Republic Law on the Tax Policy of the Sakha Republic (Yakutia). The tax rate will be reduced from 18% to 13.5%.

Rostelecom in 2008 received 12.2 billion under IFRS. net profit, increasing the rate of about 2007 in 4,3 times. Such profit is attributable to the sale of 10,97% stake in Golden Telecom JSC VimpelCom. The Company's revenues amounted to 66.6 billion., Rising by only 3% per year.

The August crude oil futures traded on the NYMEX, falling to 0.1%, trading at 71.63 U.S. $ /barrel. September futures for the SP 500 index, traded on the CME, is reduced by 0.14% and traded at 904doll.

Perekuplennost observed in recent trading sessions, is rapidly melting, and many players are starting to think about shopping. MICEX index, falling below 1000r., Looks much more attractive for shopping, more than a week ago in the region 1120-1140r.

In the remainder of the trading session, expect the return of the MICEX index above 1000r.

Authorize and appreciate the story;;

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Analyst Ratings


As of 18:00 Moscow time the volume of trades on the MICEX Stock Exchange amounted to 244.16 billion rubles
In the near future, players may attempt to continue the Russian stock market movement up
In case of continued growth in the oil market in the coming weeks there is a new wave of purchases of Russian securities
The Russian market is testing support in the region of 1000 points on the RTS and MICEX
The potential collapse of the Russian stock market indices is at least 10% from yesterday's closing levels
Analysis of Futures and Options on RTS index
At 16.00 Moscow time the volume of trades in the market for government securities MICEX was 11.18 billion rubles
The Russian market is not looking at the external background, which could give rise to such a strong reduction
The potential reduction in the Russian market during the current bidding could be even 1-2%

 

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