The catalyst for the growth of the value of securities, and TGC-11 TGC-13 is the anticipated increase wholesale electricity prices

Written by admin on August 18th, 2009

As a result of trades on Monday, the MICEX index lost 3.8% energy, and closed at around 1 659, while trading volume has decreased substantially compared to the previous day. Stock Quotes largest sector companies have shown before, in general, negative dynamics: the value of securities FGC UES fell by 3.8%, stock quotes, RusGidro decreased by 7.1%, after which the bidding of this paper have been suspended, the action IDC Holding cheaper at 5.7%, paper Mosenergo - by 2,8%, shares of Inter RAO UES - by 2.7%.

We wish to acknowledge the positive dynamics of quotations of shares TGK-11, Kuzbassenergo and TGK-13, which on Monday added an average of 3.6%, while the value of securities TGK-13 has demonstrated an impressive growth of 8.4 %. During the trading session, stocksgenkompany on average fell by 2.1%.

We believe that the main catalyst for growth in the value of these securities is expected increase wholesale electricity prices and increased volumes in the formulation of these generating facilities due to the accident at the Sayano-Shushenskaya GES. On average, shares of TGK-11, Kuzbassenergo and TGK-13 traded at a rate of EV /installed capacity at the level of $ 111/kVt that slightly below the average for the THC level in the $ 115/kVt.

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Forex - Asia
Most Asian indexes falling on Tuesday on fears of slow economic recovery
The fall of the Russian market stalled, the leaders of growth - Paper «Energy»
Among the most liquid shares of Russian market leaders of today the shares of the banking sector: Sberbank and VTB
On commodity markets, there is optimism: futures for Brent crude oil brands after declining by 8% added over 0.5%
Defining the market for the Russian Federation will be the second half of the day, when the macroeconomic indicators will be published by the U.S.
Shares Sberbank could return to the upward trend
Futures on gold futures are currently trading near $ 940
From the risk must be run!

 

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