The most notable influx of funds to remain in the foundations of Russia, during the week, investors have invested nearly $ 107 million

Written by admin on July 31st, 2009

  After the correction in the early weeks, the return of oil prices closer to the mark at 70 USD /bbl endorsed on Thursday the Russian indexes, which showed a record growth in recent times: the RTS index added 2.8%, MICEX grew by 6.1% to 1 046 points.

At auction in London, the highest growth recorded for the shares of Gazprom 6.8%, 7.8% Lukoil, Rosneft, 5.7% and 4.2% of Norilsk Nickel. The Russian market has shown impressive growth of Sberbank's shares, rising on the RTS at 8.1%. Trading volume also have been high: the volume of transactions in shares of major companies on the MICEX was $ 2,040 million or 5% above the average for the past 30 days. The volume of trades in London, was more modest $ 730 million, or 2% below the average for the last 30 days.

also above the market dynamics of the shares was Polyus Gold (9.0%), Novatek (7.8%), Uralkaliy (7.8%) and Mechel (7.4%), while decreased quotes TMK (-1.7%) and X5 Retail Group (-0.3%).

External background before the opening of the Russian market as a whole, positive. U.S. court shut down yesterday in a positive zone: Dow Jones IA index rose by 0.9%, to 9 points 154, SP 500 - by 1.2%. Asian markets also opened this morning in the black: NIKKEI rose by 1.2%, Hong Kong - at 1.8%, China - at 1.6%.

Oil bids for Nymex added $ 3.6 to $ 66.9/barr, but this morning in Asia grew by another $ 0.6 to $ 67.5/barr. Prices for nickel in London yesterday, rose by 5.7%, to $ 17,200 per tonne, while copper added 1.6% to $ 5.497 /t.

In the currency market the dollar has lost 0.3% to the euro and dropped to $ 1.407 from $ 1.403, while the ruble to a basket bivalyutnoy appreciated by 0.4% to 37,258.

EPFR statistics show a continuing inflow of funds of investors in funds of emerging markets. The most notable, in relative terms, the inflow of funds to remain in the foundations of Russia, during the week, investors have invested nearly 107 million or 2.5% of assets under management. Next come the Indian funds inflow in that, in relative terms, amounted to 1.3% of assets, but in absolute terms, has a record of May 2008 - 211 million dollars in funds category BRIC inflow was U.S. $ 112 million or 0.8% of assets in funds of GEM was 794 million USD (0.5% of assets), and the funds of China - 712 million dollars (1,1 %).

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