Thursday, July 29, 2010

As a result of Mond90day Russia”s indexes reached new highs, tomorrow the market may dominate corrective mood

Monday, January 18, 2010, 13:11
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  11.01.10 20:46 ;
 

The first trading session of 2010 was marked by strong growth of Russian indexes. Against the background of high oil prices and the positive dynamics of Russian depositary receipts trading in London up to the gap opening up bidding more than 3% on the MICEX index.

Further growth in domestic sites continued. In the morning the leaders of growth were the papers of Norilsk Nickel and VTB, adding 10,5% and 7,2% respectively. Later they were joined by the action Uralkali (13,7%), Severstal (15,9%), MMK (10,3%). According to Alexander Aspen, chief economist UK “Finam Management”, paper raw materials companies have risen in price against the background of published last Friday about the growth rate of imports of China in December 2009 by a record 55,9%.

During the Christmas holidays, oil prices reached the mark of $ 83 per barrel. Against this background, showed good growth Rosneft, Lukoil, Gazprom, went up by 7,79%, 2,7% and 6,19% respectively.

Today on MICEX per dollar 29.4229 rubles were given for one euro - 42.6593 rubles. Thus, the value of currency basket sostavmla 35.3460 rubles. The euro /dollar was at 1.452. Reduction of the dollar against the euro has become an additional impetus for the growth stocks of commodity companies.

Shares

Sistema today have grown up trading up 7% against the backdrop of reports of consolidation on the basis of “Bashneft owned AFC shares Ufaneftekhim,” Novoil “Ufaorgsintez and UNPZ.

At the end of the day the MICEX index rose 5.45% to 1444.78 points, the RTS index rose to 7.51% to 1553.06 points, while the indicators updated highs last year. Thus, the “lateral dynamics of the MICEX Index, which was observed from mid-October last year, was resolved in favor of growth. The immediate goal of growth is the mark of 1,540 points,” - said an analyst with Aton Natalia Vygodina.

important makrostatistiki on Monday was not published, but now will be accountable for the IV quarter of major American companies. “If their reports will be happy, then in late January - early February, the markets can form a new phase of global recovery,” - says Igor Gromov (FC “Profit House”).

According to the same analysts IR “Financial Bridge”, despite such high-spirited mood of investors at the beginning of the session in the coming days is to wait for slower growth. “If, on the daily charts can be traced a slight possibility of maintaining positive, then the week suggest a quick change of trend”, - experts say.

In Europe up to the day the index of the Loned9don Stock Exchange FTSE 100 rose 0.07% and closed at 5,538.07 points. Index of the Paris stock exchange CAC 40 fell 0.05% and closed at 4,043.09 points. Index of the Frankfurt Stock Exchange Xetra DAX rose to 0,05% and closed at 6,040.5.

Trades in the U.S. started in different directions. By 20.30 Moscow time the Dow adds 0.16%, the index of SP in the red at 0,036%, Nasdaq index decreased by 0,38%.

March contract on Brent crude for the same time, traded at $ 81.59 per barrel on crude oil Light - $ 83,07 per barrel.

In the evening session on FORTS futures on the RTS index decreases on 0,28% and amounts to 156,650 points. Futures for shares of Gazprom, Lukoil rose by 0,75% and 0,39% respectively, “Sberbank” sunk to 0,29%.


  

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