The worst of the market traded securities “Sberbank (-3.7%) and VTB (-3,5%), better than the market looks Rostelecom (1,3%)

Written by admin on April 27th, 2010

At the end of the day the market could rebound to draw

Today, trading on the Russian sites have opened lower quotations, helped by a negative external background as a reduction in U.S. markets and energy prices. After the morning"s "Gap", where the MICEX index lost about 1.5%, the decline was continued. The worst of the market traded securities of Sberbank and VTB, losing 3,7% and 3,5% respectively. Better market looks Rostelecom (1,3%) and Uralsvyazinform (0%). By 13.00 the MICEX index lost 2.9%, dropping to a level of 1355.5 points.

canceled the last day of the model upward movement with the aim at 1,485 points today with the opening of the "Bears" once again took the initiative in their own hands, helped by the external background. However, they are not limited to breakdown "gepom" level of 1390. After the first thirty minutes of trading, sales increase MICEX index below the January minimum set at 1,365 points. It is likely that current levels remain until the release of statistics on unemployment rate (Unemployment Rate, expected 10%, the previous value of 10%) and the number of new jobs in non-agricultural sectors (Nonfarm Payrolls, expected 15 thousand, the previous value of -85 thousand ) in January, to be published at 16.30 MSK. If the data could be better than expected, "bulls" can attempt to upward movement, the purpose of which will be the breakdown level of 1365 and consolidating above it. If the data would be on the side of "Bears", until the end of the trading market could go lower still, as a last-minute draw a small rebound, associated with the closing of speculative short positions before the weekend.

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Recommendations on the stock market: Lukoil, Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank "
Domestic market will test the lower boundary of the figure Rising wedge ", in this case, the reduction potential of the market will be 11-12%
Recommendations on the shares of Gazprom, Lukoil, Rosneft, Surgutneftegaz and VTB

 

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