Friday, September 3, 2010

Russia market more confidently started moving in the direction of a mark in 1050 items on MICEX

Monday, August 31, 2009, 18:10
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During today's trading session, Russia's market has shown a sure reduction in shares. Market conditions in overseas stock markets throughout the trading day contributed to the downward trends of the market of Russia: Chinese stock market lost just under 7%, futures on U.S. stock indices have lost the whole day, more than 0,5%, trades in Europe also took place within the downward momentum. Prices for oil and metals also significantly decreased. The fall of Russia's market has been fairly steady in the different sectors: the leaders of shares of commodity companies and the banking sector, the situation was slightly better situation in the electricity sector and telecommunications companies. In particular shares RusHydro and FGCshowed volatility on average about 1% from the closing level of the previous trading session. Continuing demand for shares of regional telecoms, in anticipation of the details of a restructuring plan in an industry.

In general, Russia's market has already started moving more confidently in the direction of a mark in 1050 items on the MICEX index. Foreign share platforms ignore the positive macroeconomic data, which indicates the willingness of market participants to the technical correction, but the positive fundamental news permanently prevent the correction of this place.

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