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Forecasts of analysts: Russia's stock market threatens profit-taking in anticipation of overlooking the end of the week in the U.S. an important macroeconomic statistics

Oct 13th, 2009 | By admin | Category: Main News

 
  
 
 
  13.10.09 10:15 ;
  On Monday, Russia's stock market continued to grow strongly. Increasing oil quotations pushed up shares of companies oil and gas sector: LUKOIL (2,6%), Surgutneftegaz (4.4%). Papers Gazprom soared yesterday on 6,2%, surpassing the volume of Sberbank. The reason for this, as experts note, the trip served as Prime Minister Vladimir Putin to China, where deliveries will be negotiated Russia's blue fuel to China. After Gazprom became more expensive and preferred shares of Transneft, adding up to 7,4% of the day. Papers of the banking sector were in demand on the background of further weakening of U.S. currency: Sberbank (3.6% of ordinary shares and 5,5% for preferred shares), VTB (4%). The sharp increase was observed in the papers of wholesale generating companies: OGK-5 (30,6%), OGK-4 (18.3%). The RTS finished the day at around 1428.06, paragraph (4%). The MICEX index added 3,76%, to close at 1357.44 points.

In the evening session on FORTS December futures on the RTS index had escalated to 143,130 items, adding 0.78%.

this morning's background moderately positive for Russia's stock market. On Monday, key U.S. stock indices, except the index of Nasdaq, closed in the positive range. This contributed to the rise in prices on commodity exchanges, as well as investors' expectations of positive corporate reports for the third quarter. As a result of trading Dow-Jones index rose by 0,21%, SP - on 0,44%, Nasdaq fell 0.01%. At the end of trading on the closing price of ADRs on Russia's actions were: VTB (Eng) - 4,95, Gazprom (Eng) - 26,13, LUKOIL (Eng) - 66,4, Norilsk Nickel (Eng) - 13,88, Rosneft (Eng) - 8,67, Surgutneftegaz (Eng) - 9,63, MTS (USA) - 51.26, Rostelecom (USA) - 29,15, Vimpelcom (USA) - 19,73, Mechel Steel (USA) - 20,2.

Trades in Asia are in the positive territory. Optimism added investors Goldman Sachs, raised their recommendations on securities JFE Holdings (the second largest steel company in Japan), and Bank of America, recommending to purchase shares of Commonwealth Bank of Australia. The Japanese Nikkei index up to date on 0,6%, China's Shanghai Composite Index growing by 0.79%.

This morning the course of pair euro /dollar at Forex stands at 1,477. Prices for black gold some changes after yesterday's growth. December futures for Brent crude traded at $ 71.86 a barrel, Light - $ 73.47 per barrel.

Most experts expect to see the opening of Russian sites in the green zone. Supporting the growth index is able to provide Asian stock exchanges and futures on U.S. stock indicators. At the same time a correction in oil prices could adversely affect the share prices of oil and gas companies and the market as a whole , - said Denis Kruglov, an analyst at the investment company Finam.

«We expect a positive opening of the domestic sites. High oil quotations, increased futures on U.S. indices, the positive dynamics of the Asian sites - all these factors will serve as a pretext for the purchase of securities. Nevertheless, there is reason for selling - the technical factor. Facing the second half of the week, important macroeconomic statistics from the ocean is able to influence the market - players can begin to fix the profit. The financial statements of companies from abroad, published by the better prognosis is not so surprising investors, as before. We do not exclude the continuation of the rally on the domestic stock market, however, suggest that this opportunity should be used as a factor in the closure of long positions. In the case of Drawdown worse than the market may lead shares of Sberbank, Rosneft and GMK Norilsk Nickel , - analysts say the Moscow Stock Center

Today, as part of his European tour to visit Russia, U.S. Secretary Hilary Clinton. Foreign Minister Sergei Lavrov will hold talks with Clinton on the Iranian problem.

From the statistics can now be noted consumer price index for the UK, which will be published at 12.30 Moscow time. At 13-00 Moscow time published an index of economic sentiment in Germany and the euro area, at 22-00 (Moscow time) are data on the balance the federal budget dollars. Today accountable Johnson Johnson, Intel and CSX Corporation (the largest in the U.S. railway company).
  

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