The Russian stock market concluded the last trading day of the week at the same level. RTS Index grew at 0.84% to 955.45 points, MICEX index fell by 0.1% to 960.16 points. The volume of trades fell. favorable external background, which emerged before the opening of the Russian stock market on Friday, promised a new round of anti optimists look forward to the resumption of medium-term upward trend and the pessimists, give up the hope of translating that scenario into reality. This last position was very vulnerable, since too wide a scope for maneuver vis-à-vis them provided strong closing bid for Wall Street and vzmetnuvshie to $ 71/barr. oil prices on the unrest in Nigeria and the weakening dollar due to a recurrence of the People's Bank of China's appeal to establish a new reserve currency. Nonetheless, opposition to the bulls and bears ended in favor of the latter. All attempts to keep the MICEX index above the maximum of the previous day (987 points) in the first half of tenders have been unsuccessful, but in the afternoon, further efforts in this were no longer relevant. Undermined the confidence to purchase recoil oil prices coupled with the resumption of a downward trend in European stock markets, as well as the published statistics from the United States, which gave further impetus to the fixing of profit on long positions. Thus the income of American consumers through the payment of lump compensation benefits under the incentive program the president had Obama above-consensus forecast, however, consumers have sent the funds to pay off debts or put them on a rainy day. The result was an increase in the level of savings to the maximum in the last 15 years, which increased the likelihood of very slow recovery of American economy. Released followed index of consumer confidence from the University of Michigan, were better forecasts after previously published statistics did not even score any effect. As a result, the MICEX index lost all the advantage of the morning, completing the last trading day of the week near the level of closing on Thursday. The main culprit for the neutral of the Russian stock market - paper have become the banking sector (Micex FNL -1.91%), in which the pressure of bears efforts. Shares VTB cheaper at 2.83%, Sberbank preference shares - at 1.32%, of its common shares - at 3.94%. Negative aspects for the shares of the Savings Bank was the approval of the shareholders' general meeting decision to increase the number of authorized shares to 15 billion units, as well as the bank's vice-chairman Denis comment Bugrova, which did not exclude the fact that the transaction for the purchase of Opel in an alliance with Magna can not take place. In the oil and gas sector (Micex OG -0.51%) prevailed corrective mood, an exception was to continue at recent corporate news to increase Tatneft shares (1.12%), and affiliates of Gazprom shares (1.65%). The latter ceased to look worse than industry rivals, having received positive signals from the ongoing annual meeting of shareholders. So the head of gas monopoly of Alexey Miller announced that the second half of the year for the gas monopoly will emerge more smoothly than the first referring to the increase in demand. Establish relations with partners, Gazprom - Turkmenistan and Ukraine. The first line pricing formula of gas supply, the second - an agreement that Naftogaz Ukrainy will list the money for fuel in the necessary timeframe. In addition, Mr. Miller shared his plans to strengthen cooperation with Gosneftekompaniey Azerbaijan, which resulted in the purchase of gas from that country may increase. Metallurgical Sector (Micex MM 1.4%), after not quite sound Drawdown played the eve of the loss. Lead-up paper GMK Norilsk Nickel (4.08%). Looking at this market: Most American stocks are not able to support the initiative the previous day, slightly adjust its exchange value (SP 500 -0.15%). The main cause of fading momentum for purchases have been released statistics that record jump in the level of savings that is in favor of a slow recovery in consumer demand. The greatest losses in shares of oil and gas industry mean lower prices in the energy market. On Monday, futures for the American indexes show significant negative (SP 500 -0.51%). At the Asian stock pads morning rise quotations turned their caregivers in the negative region (MSCI Asia pacific -0.5%). The published data on promproizvodstvu and retail sales in Japan have not been able to justify market expectations. The negative impact on sentiment had plans to Daiwa Securities, and Mizuho Financial to conduct additional issue of shares. Statements by the People's Bank of China Governor Zhou Syaochuanya that China is not going to make sudden movements in the management structure of its foreign reserves, strengthen the U.S. dollar in the Asian session. Against this backdrop, suffering quotes contracts in commodity markets - the price of WTI crude oil mixture dropped to a mark in $ 68.6/barr. Thus, the Russian stock market will start trading next week with a break down within 1% close to 950 points in support of the MICEX index. Some time buyers may be able to index remained above that mark, but in the future, perhaps this point will all be gone, which will give the green light to most liquid securities to return to the remaining outstanding gepam, which were formed as a result of the session 24 June. In the case of this scenario, the MICEX index will again test the line of medium-term upward trend, thereby reducing the magnitude of fluctuations and preparing for the final choice of direction for the foreseeable future. Day will have a limited impact on consumer confidence index and the economy of the euro (13-00 Moscow time), and indices of business activity in the manufacturing sector FRB Chicago (16-30 Moscow time) and FRB Dallas (18-00 Moscow time). Authorize and appreciate the story;; 1 users rated material at 2. Analyst Ratings
shareholders' meeting passed without surprises In our view, this morning, a moderately negative external background, the main negative is the decline in oil prices, respectively, one can expect some reduction in the Russian stock at the opening of bids, the oil and gas sector will be worse than the market. The fall in oil prices is also negative for the Russian ruble and, consequently, bank shares. However, oil prices are still at a comfortable level, allowing the Russian stock market to maintain its attractiveness. last shareholders meeting of Gazprom, Sberbank and Surgut presented no major surprises. In the Russian crisis chips feel good. However, savings is a common negative for the banking sector, and probably finish the year with the financial result of nearly zero. Surgut, as the market posted its monetary stance in the currency and the recent strengthening of the ruble, of course, adversely affect the financial results. In this new devaluation of the ruble at current oil prices looks unlikely. Although, of course, themain negative for the shares of Surgut is in the closed company. In general we can say that the corporate governance of Russian companies remains a medium. The leaders in this matter, we believe, are - MTS, MMC Norilsk Nickel and Rosneft. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
Analyst Polish Center of Oriental Studies (OSW) Anna Gurskaya does not expect to be held in June 29 meeting of European experts, Ukraine, Russia and international financial institutions' critical 'decisions to prevent possible gas crisis. About this she said to own кореÑпонденту UNIAN in Poland. expert expressed the opinion that at this meeting, representatives of the European Commission and financial institutions will want to obtain information about the real status of the gas in Ukraine. We must first obtain the real data ... Then seek alternatives (assistance to Ukraine in the calculations for natural gas), - she said. Gurskaya As noted, first of all it is a question about how much gas needed to supply in a crisis, but gas in underground gas storage facilities, a possible mechanism for the calculations. After the pravilstvo (Ukraine) began to hide more data, the release of Naftogaz of 20 billion gas UGS, delicately speaking, few people convinced ..., - noticed it. The analyst did not rule out that the credit for the purchase of gas can not get Naftogaz Ukraine, a European company, which agreed to purchase necessary to ensure uninterrupted supply during the autumn-winter season, natural gas storage in Ukraine UGS.