Papers of AvtoVAZ grow on the information on the growth of car sales in the secondary market

Written by admin on September 7th, 2009

Technically, the potential upward movement is limited to

Opening Russia's stock market, as expected, was held with a gap up. The main reasons for the rebound served to stabilize the situation in the commodities market, the growth of futures for U.S. indices and positive closing of trading on the American sites before. Growth has contributed to and oversold, formed on Friday to finish the trading session. After a positive opening wave of buying in shares continued. The favorites are shares of the commodity sector - most resold the paper. Head the growth of Gazprom shares, purchase of which take place on fairly good volume. The demand is present and by non-residents - ADRs for shares of the company added more than 3%, which encourages the purchase and domestic investors. The closest resistance to the issuer is at 21-day moving average (near the mark of 162.2 rubles.), From which position should be reduced.

published macroeconomic statistics in Germany was better than forecasts. The volume of orders of industrial enterprises in the country in July rose (the fifth month in a row), exceeding expectations - an increase of 3,5% against the expected 2%. This supported the euro, and the pair EUR /USD in time raise the level of 1,435, which in turn supported by quotations of oil and caused a wave of purchases on Russia's stock market.

Until the end of the trading day will be determined by the dynamics of futures for U.S. indices and oil prices. In the case of a neutral external background codes will close near current levels. With a slight negative on the market can begin speculative profit-taking. From the serious investor purchases will contain minor technical potential upward movement of virtually all the stock indices.

start tomorrow's session will determine the situation on foreign markets, particularly in commodity platforms. In the absence of trading on the floors of the U.S. determines at a public auction tomorrow will also be dynamic emerging markets, particularly China: potential upward movement of the index is about 4%, which increases the probability of technical correction from current levels, but it has weakened and the domestic market shares. From the perspective of macroeconomic statistics, the day will be quite calm. It should provide data on industrial production in the UK and Germany. Potential upward movement in futures on the U.S. indices, which are traditionally the benchmark for domestic sites, limited to a percentage increase. Thus, SP 500 resistance is the level of 1030 points, which will also keep investors away from active purchases. Major cause for penetration of this level may not appear until Wednesday - until the Fed issued a report and not be a meeting of OPEC. In connection with this speculative activity in the lateral market may decline, which is confirmed and a decline in the current session.

Better the market today reiterated Russia's actions appear to the telecommunications sector, which are also in demand by non-residents. Drivers are still advocate the absence of ideas in the market and season accountability telecom.

looks good stocks automotive Russia, which are supported by some corporate news. In particular, the paper AvtoVAZ grow at about the growth of car sales in the secondary market, where the greatest demand is for cars of the issuer. In my opinion, the growth of speculative, so I recommend to take profits in stocks sector.

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Analyst Ratings


In the second half of September the negative news from the U.S. could reduce Russia's indexes to the lower boundary of this corridor
Important support level on MICEX - 1075 points mark, the lower boundary of the two-week side of the corridor
At 16.00 Moscow time the price index value RGBI was 116.89, compared with the previous day's close it had fallen to 0.026%
Belarus is ready before the end of the year to put in the Ukraine 50 thousand tons of sugar
Kupriyanov: Naftogaz offered Gazprom to consider the possibility of a new payment for gas transit
Forex on the European session
The greatest growth today showed the paper Gazprom Neft, Gazprom, Rosneft and Tatneft
Equity markets and, above all, Russia's significantly underestimated
Dollar depreciated - the evening review of cash markets

 

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