Russia has been buying medium adjusted to a negative external background. U.S. indexes eve showed decline, in spite of good corporate news - overseas investors confused makrostatistika sales of houses. As a result, the domestic market was opened in the red zone, and continued downward movement against the background correction in commodity areas where the cost of a barrel of Brent crude oil dropped to $ 76.6, as well as declining futures S P. At 15.00 MICEX index fell by 2.1% and is trading at 1,333 points.
oil and gas sector decreased at a moderate pace: better market look Rosneft (-1%) and Surgutneftegaz (-0.7%), worse - Lukoil (-2.8%) and Gazprom (-2,3%). Lukoil today introduced a new strategic development program until 2019, which implies slower growth of oil production than the previously adopted program.
The increased pressure is observed in the steel and financial sectors. Novolipetsk Steel lost 2.8%, Severstal - 2.6%. Better the market looks a paper CMI, released today its operational results. In III quarter 2009 production volume of commercial products grew by 36% compared with the II quarter of 2009 and amounted to 2 601 tonnes, while crude steel production increased by 31%.
Sberbank decreased by 2,3% on ordinary shares and 2,5% - to preferred shares, VTB is traded with a decrease of more than 3,5%.
The telecommunications sector has shown positive dynamics. Paper Rostelecom grow by 3,8% on the idea of pooling the assets of Svyazinvest based company. Today also came a report that Goldman Sachs removed the shares of Rostelecom focus list stocks of Russia, the most suitable currently for sale.
Currently, Russia's market after the drawdown at the opening of trying to resume growth. The success of this attempt will depend on the emerging data now oil reserves, as well as corporate reports Morgan Stanley and Wells Fargo and the response by the U.S. investors.
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Key chips have formed a strong technical resistance levels: 71 for Savings Bank, 200 for Gazprom, 250 for Rosneft
Reporting PPR Group and automaker PSA Peugeot Citroen may deepen Russia's market drop at the end of the session
At 16.00 Moscow time the volume of trading in the market for government securities MICEX amounted to 67.31 billion rubles
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Russia stock market locally looks like an overrated, in the near future initiative will be on the side of the bears
Outsiders today's session were again ex-leaders - shares of oil and gas and banking sectors
Despite the negative dynamics in the market, it is premature to talk about the beginning of a full-scale correction
Victory bears it will be possible, if the shares are popular companies will close the day at a strategically important milestone