Decision of Board of MICEX Stock Exchange on 28 July 2009 in the personal composition of the index committee changes. In the updated composition of the index committee included: 1. Gavrilenkov Eugene E. (Chief Economist, Managing Director of Troika Dialog) - Chairman of the index committee; 2. Artem V. Arkhipov (the leading analyst on Macroeconomics and strategies in the financial markets department of the analysis of market conditions GBD (PJSC)); 3. Dyudin Sergei G. (Director Asset Management CJSC VTB Asset Management ); 4. Zach Michael (Independent Expert on the securities market); 5. Logvin Ol'ga Stepanovna (Head of analytical department of JSC Management company Troika Dialog ); 6.Mustafaev Denis Eldarovich (Deputy Director General for Internal Control CJSC SOLID Management); 7. Denis Novikov (a specialist in working with Russian clients Ltd. ATON); 8. Paramonov, Alexander V. (Head of Investment Management Ltd. Management Company AK BARS CAPITAL); 9.
correction would probably not be great After a two-week rally the Russian stock market has demonstrated consolidation at current levels. By and large trades are strong position near the levels of resistance-support (1050-1030 pp. MICEX index). Heavy oil (about $ 68-70 per barrel, depending on class), while that does not give a reason for the early sales, but the signals on the purchase, we see less and less. Today is expected to publish the index in real estate prices in 20 major U.S. cities (SP Case-Shiller) and the index of consumer confidence (Conference Board) in the 17-00 and 18-00 respectively ICN. According to the published results of bidding on the Russian stock market may be excited. Even a week ago, we would say that the statistics are unlikely to have a significant influence on the behavior of players, but today, market participants may react more active, thanks in no small measure contributed to the deficit of investment ideas in today's auction. In the event of a failure at the level of statistical projections or worse, we'll see probably some kind of record of profitable positions. However, support from the commodities markets should provide a little depth of a possible correction. In the event of a failure of best expectations on the agenda can once again be a question retesta the next level of resistance of section 1050 of the MICEX index. Authorize and appreciate the story;; 2 users rated material at 4,5. Analyst Ratings
market does not grow further, but also about the turn of the rising trend it is too early to say The situation on the Russian stock market remains stable. The market consolidated on the achieved levels. Most of the blue chips traded in the red light, although at the beginning of the trading we have seen a small increase in the stock indicators. As before, if we are talking about the leaders of growth, it can not be circumvented metallurgy. Of the major pieces more than 1% of shares GMK grow Nornikel, the less liquid shares allocated to the related industries - coal (Raspadskaya 7%, Belon 3%). Along with them in the morning, shares of Mechel grew steadily, reaching a price of 300 EUR. But so far they have lost virtually all of today's gains. Worse than the market, as in the previous 2 days, leading to action Gazprom (-1.2%), and that continue to pressure in the form of the uncertainty of future tax burden of companies and has reviewed the investment program. Last 3 days domestic market share stands at one place, unable to stand up and gain a higher mark of 1050 points on the MICEX index. At the same time there is consolidation of oil and in the vicinity of maxima of the year. It can be assumedthat without rewriting highs this year for Brent, our stock market will be extremely difficult to continue to rise. Alternative investment ideas for the growth of stock market other than price increases for raw materials found problematic. It is therefore not surprising that investors are caught by the rise in the domestic market of the past 1-2 weeks, gradually record profits for open positions. Speaking about the turn in the market too early, but the desire to take a break and watch the further developments of the situation observed in the behavior of investors is clear. From the evening of statistics, we emphasize on the confidence of consumers (18.0 MSC) in the United States for July (expected to decline to 49 points). Recall that a left on 30 June a similar Conference Board figures for June were unexpectedly lower the May figure. And significantly - 49.3 to 54.8 points. Actually, this decline in consumer confidence to some extent become the driver to reduce the world's stock index at the beginning of this month. Therefore, to today's statistics will be greater attention, especially since, according to the consensus-forecast of Bloomberg, is expected to further decline in this indicator. If the data will actually be worse than last month, the stock market may finally begin correction after strong growth in the last 2 weeks. The price index for real estate SP /CaseShiller (17.00 Moscow time) today, we pay less attention, since it is unlikely that he could change the attitudes of investors to the situation in the real estate market: recent data on sales of homes in the primary and secondary market, the construction of new homes and the price index for House of FHFA can be viewed as the likelihood of achieving the bottom in the housing market, the United States. Authorize and appreciate the story;; 1 users rated material 4. Analyst Ratings
Lukoil trend Short Term Medium Term Long-Term neutral neutral lowering level of support 1410 - 1470 1370 - 1420 1020 - 1190 The level of resistance 1590 - 1640 1640 - 1710 1950 - 2130 Recommendations No position. Norilsk Nickel trend Short Term Medium-Term Long-Term neutral neutral lowering level of support 2920 - 3000 2610 - 2770 1640 - 1910 level of resistance 3300 - 3360 3440 - 3620 3730 - 4320 Recommendations Bring brake application to market prices. Rostelekom trend Short Medium-Term Long-Term neutral lowering neutral level of support 151.70 - 155.10 142.30 - 149.10 85.20 - 116.60 level of resistance 166.00 - 168.00 173.60 - 179.00 230.00 - 302.00 Recommendations Bring brake application to market prices. Gazprom trend Short Term Medium-Term Long-Term neutral neutral lowering level of support 154.10 - 157.80 140.00 - 147.20 110.40 - 130.50 level of resistance 170.20 - 172.70 176.80 - 184.40 190.50 - 216.00 Recommendations Bring brake application to market prices. Mosenergo trend Short Term Medium-Term Long-Term increase neutral lowering level of support 1.630 - 1.650 1.340 - 1.420 0.960 - 1.060 level of resistance 1.750 - 1.770 1.760 - 1.850 2.170 - 2.390 Recommendations Bring brake application to market prices. Notes paper locally overbought. Surgutneftegas trend Short Term Medium-Term Long-Term increase neutral lowering level of support 22.50 - 23.00 17.70 - 19.80 14.60 - 17.30 level of resistance 24.60 - 24.90 26.80 - 30.00 30.00 - 33.30 Recommendations Bring brake application to market prices. Savings Bank trend Short Term Medium-Term Long-Term increase neutral demotion level of support 40.10 - 40.80 36.10 - 37.40 17.00 - 24.30 level of resistance 42.70 - 43.40 43.30 - 45.10 53.00 - 68.00 Recommendations Bring brake application to market prices. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
MICEX Index of 13:00 Moscow time has added 0,48% today, and thus amounted to 1 041.17 points. In anticipation of the publication this week, a large block of an important, first of all - the U.S. macroeconomic statistics, investors are likely to fixed income securities in the most actively increasing during the last trading days. Against this backdrop, the market looked worse TGK-5 shares (-2,02%), TGK-6 (-1.9%), OGK-5 (-1.78%), Uralkaliy (-1,46%). published last week's decision by the Government of the Russian Federation to move to a fixed rate NDPI coal remains a revival of investment in the sector of coal mining companies. Indicators of market capitalization of OAO Raspadskaya, adjusted down yesterday, today continued to rise, which by the above date at 7.6%. After yesterday's rest and continued improvement of NLMK shares. It appears that investors have benefited by the information of the company financial report, showing an increase in its revenue and profit in II quarter. TG Shares of OAO Novolipetsk Metallurgical Combine rose this morning at 2.2%. On the whole, especially taking into account measures announced yesterday by the administrative support of the financial markets from the U.S. regulatory structures, the growth potential of the Russian stock market from the perspective of the next weeks, continues. Strengthening public curb market volatility of commodity futures is not in this case taken as a factor in the negative pressure in the segment on the highly risky assets in general. From the standpoint of short term activity likely decline of stock market investors, the Russian Federation. However, remaining on the bull may be rewarded for persistence. The trend of macro-and microeconomic statistics in the United States last week was good for them in nature. Authorize and appreciate the story;; 1 users rated material 5. Analyst Ratings
World stock markets World stock markets continue to grow. At the end of the last trading session, major stock indexes in Europe and the United States once again recorded a slight improvement. Dow Jones Industrial Average gained 0.17%, reaching a value of 9108.51 point, Standard Poor's 500 increased by 0.3% and hold at around 982.18 point, Nasdaq Composite rose 0.1% - up to 1967.89 points. leaders in paper recovery proved construction companies: podyndeks Standard Poor's 500, in the calculation which includes representatives of the sector shares, added 5.7% per day. Provoked a rise of quotations published in the early trading session of the Ministry of Commerce. Sales of new buildings in the United States in June grew by 11% from the previous month - the maximum increase for the last 8 years - and accounted for 384 thousand homes. The market-consensus forecast of estimated rate of sales of 352 thousand homes. Tuesday morning in positive territory well established indices of countries in the Asia-Pacific region: supporting the positive mood of investors improved eve Merrill Lynch forecast the dynamics of the economy of China, according to which the growth of Chinese GDP in 2009, 8.7%. futures on major U.S. stock indexes traded up in the morning in red. Metals Market Sustainability optimistic sentiment traders LME in the last days of strikes. Despite the fact that the fundamental data on the commodity markets, coming on the market remained weak, while prices for some metals (copper, nickel, aluminum) reached maximum values in the year, demand isstill high. probably bidders believe in the speedy recovery of the global economy and make a purchase on inertia, continuing otygryvat falling on them last week, optimism, and seek confirmation of its predictions are now going to any positive news, even insignificant. For example, yesterday, an occasion for growth could be found in the statistics on the U.S. housing market, which traders LME, apparently did. We can not, of course, forget the strong support the dollar, falling two weeks in succession, which effectively lowers the price of metals denominated in other currencies. In any case, the observed rise in the LME is mostly speculative, and therefore, the more the market grows, the more abrupt and could become a deep correction. Indeed, as shown by changes in stocks of metals, surplus in the markets of most of them growing. An exception may be the copper, whose stocks in three major markets where it trades (London, Shanghai and New York COMEX), have tended to moderate reduction: in the last month they dropped to 2.4%, and since the beginning of the year they fell by 3.6%. At the same time copper stockpiles at the LME have fallen since the beginning of the year at 18.4%. The growth of the remaining metals exchange reserves since the beginning of the year is measured by at least double digits: nickel 36.5%, 95.6% aluminum, lead, 111.8%, 42.2% zinc, tin, 133.8%. While investors manage to ignore these data. Yesterday, the rising cost of most metals exceeded 1%. On Tuesday morning market measure in anticipation of the new signals. oil market At the beginning of a new week, the market price of Brent crude oil grades have continued to be held here on Friday above the mark of 70 dollars per barrel, adding to Monday, another 0.7%. traded on the NYMEX WTI contract has not yet crossed the psychologically important mark, but also continues to upward movement. Yesterday, September neftefyuchersy WTI went up another 0.5%, highlighting the importance of 68.38 dollars per barrel. Tuesday morning at the market of black gold were attempts to change the motion vector, but then recovered an upward trend. Tonight expect a report on the status of the fuel market in the United States last week from the American Petroleum Institute (API). Russian Market Despite the external preconditions before the start of yesterday's auction, the Russian stock market completed its last session in the black. Assume that now the optimism of investors little pougas, so during the upcoming trading session, expect minor divergent movements. Research Organization will publish the Conference Board index of consumer confidence in U.S. economy in July, at 18:00. The financial statements for the past quarter is expected to issue a BP, Deutsche Bank, Office Depot Inc., STMicroelectronics, The McGraw Hill Companies, United States Steel Corp. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
Results of the previous day: At the beginning of the new trading week, the Russian stock market once again to rewrite the records after the recession that took place in June or July. RTS Index rose 2.47% to 1037.61 points, the index of the MICEX - to 0.91% to 1036.27 points. Trading volume remained at the previous values. I would like the day before the start of the preconditions of possible cooling overheated on the background of the ongoing market rally, as evidenced by the nature of the daily candles, by the morning of Monday were unable to obtain support from external factors. Ovladevshaya market participants to bid in U.S. greed has led the American stock market to extend the upward trend that was further reinforced by a growing futures for U.S. indices on expectations of favorable release of macroeconomic data and more positive than is found in the quotes of corporate records. Additional support given and the price of oil, which is not relieved of appetite for risk and as a consequence of the weakening dollar also failed to stay the course to the north. Having been at the opening of the combination of external factors, the most active market participants rushed to close with no profit short positions that they have been exacerbated by the initiation of technology purchases, after the MICEX index has overcome a zone of 1040-1044 points - 50% of the Fibonacci index of the MICEX decline in June and July and every Friday. Following the earlier пробитого down the medium-term ascending trendline around 1056 points on the MICEX index of Bears have decided to once again join the battle, which contributed to the adoption of the lateral dynamics of the market. accumulated fatigue from a long series of quotations, and enhance the lack of convincing reasons for the early correction maintained a balance found that bulls and bears up until the statements of U.S. companies. Published financial figures and projections for future periods of Honeywell, Aetna, and Verizon Communications have formed outside the trend, when the reality is brighter quotations embodied in market expectations, giving rise to the top of a fixed profit on a stock or commodity markets. left by the end of the trading in Russia on sales of new buildings in the United States presented a very pleasant surprise, clearly indicating the achievement of the bottom of this troubled economy. However, a short burst of enthusiasm that they have created, in the end was calm portion of sales of new market participants, who decided that the previously published reports are the missing link for the start of the cooling market. As a result, the MICEX index, on the basis of the day was unable to overcome a key level of 1040 points (a correction of 50% of Fibonacci from the downturn in June and July) and formed another signal turning candle that is in favor of a scenario or correction at least, the consolidation of the achieved levels. The highest growth segment in the industry have demonstrated the action of energy (Micex PWR 2.27%) against the background of the emergence in the media the first details of the functioning of the market long-term capacity. Surely a sense shares of banks (Micex FNL 1.75%) due to an increase in the capitalization of their opponents in the western areas, as well as higher oil prices, which led to the strengthening of the ruble to a basket bivalyutnoy almost to the maximum values from the beginning of this year. In turn, oil prices have provided support directly and shares of oil and gas segment (Micex OG 0.92%). However, began lowering the price of black gold after a fresh portion of the corporate records and records for the weakest quarter for the RSA II Lukoil (-1.35%) and Gazprom Neft (0.08%) deprived of their relative advantages. Looking at this market: In stock bid for the U.S. bulls were able to win re-up (SP 500 0.3%). Not met the expectations of Records for the II quarter from Aetna, Corning, Honeywell, RadioShack and Verizon Communications, which outweighed the beginning of the trading is very positive sales data in the primary real estate market, it seemed, could become the launching hook to start the correction has been ongoing for 10 trading sessions on the SP 500 index rally. However, intraday decline in quotations, it was chosen as an opportunity to enter the market with market participants, who were late with the opening of long. As a result of their actions once again the market is back on the path of growth and was closed in the positive area. On Tuesday, the index futures on the SP 500 slightly diminishes this positive contribution, adjusting downwards after the closure of Wall Street by 0.1%. At the auction in Asia, already the eleventh session in succession, an increase in the stock indicators (MSCI Asia Pacific 0.7%). No significant events, so increasing the quotes are mostly inertial character. Increasing analysts Bank of America - Merrill Lynch forecast China's GDP this year from 8.0% y /y to 8.7% y /y. not made the main theme today among the public stock exchange. Better demonstrate the dynamics of the market shares of banks and the steel worker was, worse than the market - shares of energy companies. In commodity markets the price of oil (WTI $ 68.5/barr.) endeavor to return to the recently reached the maximum, while the prices of base metals is significant is not the case. The Russian stock market on Tuesday on such a background would open slightly higher than the closing of the previous day. A good report from Deutsche bank and rising oil prices will contribute to the emergence of a wave after opening up the market. In general, however, should not hope that this wave will have a large-scale shape. The Russian stock market has demonstrated a desire to move into a phase of consolidation or correction, which is to follow the flow of emerging news and be ready to go to the cache. Today is expected to record from Pepsi, the publication of the index in real estate prices SP /Case-Shiller (17-00 Moscow time), index of consumer confidence from the Conference board (18-00 Moscow time) and the index of business activity in the manufacturing sector, according to the FRB Richmond (18-00 ICN). Oscillation index MICEX today and in the coming days are likely to be concentrated in the range of 1022-1056 points, which will be tested on the strength of the idea of continuing the rally. In the case of passing the lower limit is better to stay to watch the market on the part, because such a development could lead to movement of the MICEX index down 975 points, and further attempts to reverse, as well as the beginning of a new medium-term downward trend. Authorize and appreciate the story;; 1 users rated material 5. Analyst Ratings
Market United States Trades in the United States on Monday, also ended in the growth of stock indices. The greater part of the day spent on the negative indices of the territory, but shares of financial and consumer companies stretched the market in a positive zone by the end of auction. Quarterly reports published on Monday, proved controversial. Net profit of Honeywell International Inc. in II quarter has decreased by 38% due to falling sales and weak performance of aerospace unit. In addition, Honeywell lowered earnings forecast for the current fiscal year. Nevertheless, shares of the company went up by 0.7%. Verizon Communications Inc. published a report for II quarter. The company reported a decline in net profit by 21%, but reported an increase in revenue and increase subscriber base. Verizon will reduce the 8 thousand jobs by the end of this year to reduce costs the company. But the data from the housing market have been good. Sales of new homes in the United States in June grew by 11% of 384 thousand houses per year over the past year, sales decreased by 21.3%. It happened against the backdrop of falling median home prices in June at 5.8% to $ 206.2 thousand, the annual drop in prices was 12%. Taking into account inflation, home prices fell to a minimum since the beginning of the crisis level of $ 95.6 thousand in prices in 1982 - is also a minimum value since November 2001. At the end of June the median price adjusted for inflation back down below the long-term ascending trendline. Since the beginning of the crisis on the original price of the home market fell by 21.5%, and the price adjusted for inflation declined to 25.2%.
The levels of resistance and support for today, July 28. Term contract for the RTS index of execution in September: According to the schedule, an opportunity for correction. A local maximum is set. Exit values below 102 400 opens up the possibility down today to 100 000. Ie prepare for the correction of at least 94 500. To continue the growth needed to close above 103 000, but better - 105 300. The level of support for today - 102 130 (100 000). Level Resistance - 104 800 (105 300). RTS - support for 1033, 1009; - resistance 1055, 1064. GAZPROM - Support 161.6r.; 160.1r.; - 167.6r resistance.; 171.2r. GMKNN: - Support 3080r.; 2930r.; - resistance 3240r. Company: - Support 1527r.; 1498r.; - resistance 1572r.; 1584r. Rostelekom: - Support 156r.; 149r. - resistance 160r.; 163r. Rosneft: - Support 185r.; 180r.; - resistance 188r.; 191r. bank on. - support 41.00r.; 40.30r.; - 43.00r resistance.; 44.00r. Sberbank etc.: - support 22.60r.; - 24.00r resistance.; 24.70r. Surgutneftegas: - support 22.80r.; 22.10r. - 23.80r resistance.; 24.0r. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
Good day. At the end of Monday the domestic stock market grew moderately. RTS Index added 2.47%. MICEX index rose by 0.91%. Trading volume remained at the level of Friday. sure gepom opened up, most of the day index MICEX held in the region of 1050 points. Toward the evening, the market witnessed selling, which led to a decrease in area 1030 points. This decrease was observed in the increase. Today, expect a moderately positive opening of the tenders. The immediate objective of growth is located in the vicinity of 1050 points. We are waiting corrective decline to an increase in the last two weeks. Possible objectives of correction - 990-1000, 970, 950 points on the MICEX Index. U.S. stock indexes closed down Monday, a moderate growth. Better market felt paper financial and construction companies, due to positive data on sales in the primary market. Growth could be large, but the pressure on the quotes provided weak corporate accountability (Aetna Inc., RadioShack Corp.). At the auction in Asia have multidirectional movement of stock indices. Support customers had a number of recommendations for improving the largest companies in the region by Goldman Sachs and Nomura Holdings. At the same time, all the big concerns is the growth, continuing the eleventh day in a row, that provokes a record profit. Futures on the SP 500 is currently trading near 980 points. The main resistance is located in the vicinity of 1000 points. Strong support - District 950-960 points. Futures on RTS Index in the evening trading session of District 104 of 000 tested items. The main resistance for today is located in the vicinity of 104 000-105 000 points. Levels of support - 102 000, 100 000, 97 000 points. Within days the market will affect corporate accountability, and the following economic data: - 17.00 Moscow time index of home prices in 20 major U.S. cities; - 18.00 Moscow time index of consumer confidence. moderately positive external background. America to close a moderate growth, oil and gas sector in the market, the financial sector better than the market. Asia trading raznonapravleno. Final recommendation: Investor - buy; speculators - playing sales. Authorize and appreciate the story;; 3 users rated material at 4,3. Analyst Ratings