stock market of Russia began the week of growth, together with global stock markets and oil, having played the loss last Friday, the leaders were made of paper Rostelecom (RTS: RTKM), shot 20% in anticipation of news from the meeting of the Board of Directors of Svyazinvest October 20.
The results of the auctions on Monday, the MICEX index rose to 1,365.24 points (3.66%), the RTS - to 1433.37 points (1.75%), prices of most core chips on the stock exchange rose to 1, 1-6,5%.
Futures on the RTS index reached the plus to the underlying asset at 5 points, suggesting the absence of negative expectations of players.
Ordinary shares of Rostelecom took off on the MICEX 19,7% - to 197.48 rubles. apiece, that is a maximum of 19 June this year, prefecture of the company increased by 12,7% (to 65.94 rubles.).
At the meeting of the Board of Directors of Svyazinvest, October 20 will discuss the reorganization of the holding. Strategy for restructuring of Svyazinvest includes completion of the consolidation of its assets on the basis of Rostelecom by the spring of 2011.
Dealers said the market shares of Rostelecom are undervalued among blue chips, they traded significantly below the annual highs, while other blue chips have already upgraded the annual summit.
were also raised shares of Gazprom (RTS: GAZP) (2,3% on MICEX), VTB (RTS: VTBR) (5,1%), Lukoil (RTS: LKOH) (1,8% ), Rosneft (RTS: ROSN) (2,9%), Gazprom Neft (RTS: SIBN) (1,1%), Surgutneftegas (RTS: SNGS) (3,3%), Tatneft (RTS: TATN) (2,5%), Sberbank of Russia (RTS: SBER) (6,5%), Polyus Gold (RTS: PLZL) (5,7%).
Shares Norilsk Nickel (RTS: GMKN) went up by 5%, supporting MMC Securities had a report for the first half, which turned out better than analysts' expectations. Net profit of Norilsk Nickel under IFRS amounted to $ 439 million compared to $ 2.682 billion in the first half of 2008, experts had expected earnings at an average of $ 355.4 million
European stocks on Monday added more than 1% (FTSE index rose by 1,6%), the indices in the U.S. increased by 0,4-0,8%.
The oil market prices have stabilized in the region of $ 79 per barrel WTI in anticipation of demand growth against the backdrop of the global economy out of recession. Price of the December futures contract for WTI crude oil was $ 79.13 per barrel (0.14%).
Over the past week the price of fuel has shown the highest growth in nearly two months, but over the last three months it rose by 23%, despite an increase in stocks in the United States.
important economic statistics in the West on Monday did not go, support the markets have had reports of companies Gannett (the largest U.S. newspaper publisher) and Eaton Corp. (one of the world's leading manufacturers of hydraulic equipment) for the third quarter, which turned out better than expected.
Currently, financial indicators 31 of 37 companies index, SP 500, already published accounts for the last quarter exceeded market forecasts. This week, the results disclose a further 130 companies from the list of SP, the results come out on Monday, Texas Instruments and Apple.
As analysts note Raiffeisen Capital This week will be resumed under the sign of the season for corporate reporting (reports come out Apple, Bank of NY, Caterpillar, Coca-Cola, Boeing, Wells Fargo, etc.) that are likely , will add volatility trading. Large block of statistics on real estate market, labor market and inflation will also affect the mood of market participants. Short-term pattern in the current week looks mixed, however, the medium-term upward trend in Russia's stock market still remain, experts say.
According to the chief of the shares IF Olma Dmitry Kulakov, on Monday, Russia's stock market was adjusted upward to a decrease in the Thursday-Friday last week. The continued weakening of the U.S. dollar, stable energy prices and rising global stock indicators contributed to the purchases. High level of liquidity and expectations that corporate profits for American companies for the third quarter will exceed forecasts so far not produced serious market adjustment. In addition, a valid excuse for domestic traders to replenish their portfolios has increased recommendations for JPMorgan Russia shares to above market on the background out of petroleum quotations from a range of $ 67 - $ 75 per barrel.
Head of the stock control of the Moscow branch of the bank Vadim Smolensky Khloponin also notes that the stock market of Russia holds the higher oil prices and good liquidity, rather than new investment ideas. After the report on Monday by Apple to pick up the baton of reports on these auctions have Coca Cola, Yahoo, and Pfizer.
Analyst Promsvyazbank (RTS: PRSB) Oleg Steps highlighted in the news Monday a statement by the deputy chairman of the Central Bank of Russia Alexei Ulyukayev that inflation in October is close to zero, while the Central Bank has room for another rate cut refinancing. This statement encouraged by Russia's market before the meeting of the Board of Directors of the Bank of Russia, scheduled for October 20. Additional support increased domestic indexes on Monday had a growth in European stock markets, where the leaders were increasing shares of banks and steel companies. Because of muted the news background of bidding on Monday were not very active, but their intensity should increase as early as Tuesday against the publication of reports Apple, Coca Cola, BNY Mellon, Caterpillar, Pfizer, as well as data on an index of production prices, the start of construction and permits construction in the U.S., says A. Steps.
analyst at VTB 24 (RTS: GUTB) Stanislav Kleshchev sees no reason to resume sales of shares, as MICEX index entrenched above the 1320 points mark.
In respect of securities Rostelecom analyst recommends that only participate in the rally to preferred shares , with chances to rise in the area 75 rubles. per share, while shares of common stock considers overvalued.
According to the analyst SG Finans-Invest Stanislav Savinov, after saving the actual support at 1,315 points on the MICEX in Russia's stock market were the chances to resume growth after the consolidation.
Head of analytical department of the PS infinitesimal Alexander said Ivanishchev likely temporary strengthening of the dollar, which will signal to reduce the stock market.
money in the market has become less. After a record last Tuesday trading volume on MICEX was steadily declining. Secondly, in protest of the second tier trend slowing growth, which indicates the weakening of the cross-flow of funds from the sector blue chips. Thirdly, increasing technical risks correction, and Friday sale is confirmed. If the MICEX index goes below 1316 points, it will cause the fixation of short positions. The next support level is at 1,268 points, which can be performed in the very near future, and the first stop is expected in the 1240 points, he said.
situation on foreign markets is also changing for the worse. The main uncertainty is associated with the instability of the U.S. dollar. There is a high probability that the first time the level of $ 1.50 per euro will not be passed, the consequence may be a temporary strengthening of the dollar. The second source of risk - more costly oil. Rise in oil prices caused mainly by speculative actions of the participants, after which the likely sharp reverse.
Finally, the reaction of investors to the published reports of U.S. companies last Friday shows the stubborn desire to take profits after the fact, as investors questioned the sustainability of continued growth. Defining moment of truth we can become the beginning of the week. Fixation on the growing market we saw last week, the next step - fixing on the incident, believes AG Ivanishchev.
indices in the United States on Friday declined after the appearance of weak reports for the third quarter, Bank of America (BofA) and General Electric (GE). GE Profit from continuing operations in the third quarter of 2009 decreased by 51% - to $ 2.5 billion, or 22 cents per share (expected 20 cents per share).
total orders GE in the third quarter totaled $ 18.4 billion, a decrease of 18%. The volume of outstanding orders for products and services to group companies by the end of the third quarter reached a record $ 174 billion
largest U.S. bank Bank of America recorded a net loss for the third quarter of $ 1 billion, or $ 0.26 per share. Bank Revenues in the third quarter totaled $ 26.04 billion against the analysts expected $ 27.65 billion
In the second tier on the MICEX on Monday were the best performing stocks PIK (RTS: PIKK) (7,4%), Transneft (RTS: TRNF) (6,9%), North-West Telecom (RTS: SPTL) (6,8%), Uralsvyazinform (RTS: URSI) (6,7%), AFK Sistema (RTS: AFKS) (6,1%).
cheaper paper IDC Holding (-3.6%), TGK-9 (RTS: TGKI) (-2,7%), OGK-4 (RTS: OGKD) (-1,9%).
total volume of shares traded on the RTS Classic Market for the day amounted to $ 10.4 million in Section RTS Standard turnover reached $ 511.643 million, on the MICEX exchange transaction volume has exceeded 76.35 billion rubles (leaders - ordinary shares of Sberbank - 28.173 billion rubles) .
The dollar went down
If the National Bank will not start buying the dollar on the interbank market, its rate may decrease …
Forex - results of the day