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On Thursday, the external background has provoked in the Russian market «bychi» mood, a rebound in oil prices triggered buying from non-residents

Jul 31st, 2009 | By admin | Category: Main News

 
  
 
 
  30.07.09 20:32 ;
  This morning's background was again negative for the Russian stock market. On Wednesday, the U.S. stock indices closed in the negative range. Oil prices dropped sharply yesterday after the published data on stocks of fuel in the United States. Prior to the opening of Russian sites the September futures on oil brand Brent traded at around $ 66.84 a barrel, Light - $ 63.31 per barrel.

However, the increase in index futures on the S P500 outweighs the reduction in energy prices, resulting in the bidding opened at the Russian sites rising prices. By 12.30 Moscow time the MICEX index rose by 1.03% and stood at 996.99 item, RTS index rose 0.31% to 976.77 points. The volume of trades on the MICEX amounted to 38 923.42 million rubles.

In the first hours of trading left the leaders of the growth of paper «Tatneft» (3,19% on ordinary shares and 5.29% for the privileged) and «prefy» «Rostelecom» (2,24%). Yesterday's leaders, shares of consumer sector, have gone negative. Noticeably better than the market traded shares of AFK Sistema (5.05%) and Uralkali (4.18%).

By the mid-session quotes Brent cannon up almost 2%, which supported the growth of quotations in the oil and gas sector, most of which added more than 4%. The data on unemployment in the United States provided additional support for prices to «black gold».

The Government's decision not to raise export duties on gas and NDPI was positive for the shares of gas companies, Gazprom (6.7%) and Novatek (6,8%), which today showed upward momentum.

Rising futures on U.S. indices and positive momentum on the European sites have also contributed to the purchase of Russian stock exchanges before the end of the session.

Statdannye for the euro area economy and data on applications for unemployment benefits in the United States provoked «bychi» mood. Statistics were mostly positive, that triggered a new wave of purchases in the second half of the session. MICEX Index on the background of the publication of unemployment data released on daytime maximums - 1030 points mark.

Today, the MICEX to the dollar gave 31.76 rubles for one euro - 44.68 rubles. Thus, the value bivalyutnoy basket was 37.52 rubles.

Index MICEX completed the day at around 1046.46 points (6.04%), RTS index - at around 1001.3 points (2.83%).

Tomorrow, the central event of the day will be out of the U.S. GDP for the II quarter. «Publication of data is a major risk of the week, and it may increase the expectation of volatility before the end of the trading in the U.S. market, which will be reflected at the start of tomorrow's session on domestic sites», - noted analyst CC «Alor» Natalia Lesin.

According to analyst company NetTrader Bogdan Zvarych, «it is likely that tomorrow« bull »again try to test the level of 1050 on the MICEX index. In the absence of their own ideas, all will again depend on the external background. It should be noted that, despite the expected future output of GDP United States, already an active market drove up, and it is likely that statistics will be tomorrow tub of cold water on the heated head «bulls».

European markets finished the session in «green belt». FTSE index rose 1.85%, the index DAX - on 1,71%, CAC 40 index added 2.08%.

Trades in the United States is also taking place with the growth of the major indexes: the Dow by 20.30 Moscow time adds 1.59%, the index is growing at SP 1.69%, the index of Nasdaq - for 1,21%.

By 20.30 Moscow time the September futures on oil brand Brent traded at around $ 69.76 a barrel, Light - $ 66.4 per barrel.

In the evening session on FORTS the September futures on the RTS index decreases on 0,18% at 94375 points. Futures for shares of Gazprom and Lukoil added 1,911% and 1,912% respectively, the futures on the shares of Sberbank in the black at 2.39%.

Futures on SP now stands at 988.4 (1.38%).


  

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