Rapid growth of the Russian stock market followed fixation profits, most liquid securities declines
Aug 4th, 2009 | By admin | Category: Main NewsÂÂ
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 04.08.09 12:57 ;
 After yesterday's growth on Tuesday the Russian market opens down corrective movement, the largest drop markedly among the most liquid shares. Signal for the sales had a slight decline in oil prices, as well as the negative dynamics of futures for U.S. indices. By 12.30 Moscow time the MICEX index losing 1.6% at 1081.28 points. RTS index adds 0.01% to 1068.12 points. On FORTS the September futures on the RTS index in the red at 1.3% to 105,600 items.
Most of yesterday's auction - Paper banking sector - today went to minus: «Bank» (-2,8%), VTB (-5,2%). In good black paper traded today «RusGidro» (6,2%) against a background of reporting on the basis of 1 semester of 2009. Net profit of the company during the period of RAS increased 2.3 times to 18.35 billion rubles. Ordinary and preference shares «Rostelecom» added 2,08% and 1,07% respectively.
«portfolio of short-term speculators, trading on the horizon a week, now heavily overburdened. Speculators needed breathing space. While potentially the MICEX index could run up to the first technical objective - 1106 P. If an influx of new money would be significant (yesterday's turnover on the MICEX is the proof), then it is possible that short-term technical reboot portfolios will not have a significant impact on the overall mood of the participants. Otfiksiruemsya and go further. In this case, the market has a chance without any problems to get to a repetition of the June peak. Thus, the first tactical challenge - the level of 1230 section on MICEX index », - says Alexander Ivanischev, head of analytical department of FTS 'Infina.
European site is also traded in the «red zone». FTSE index is reduced by 0.61% at 4653.85 item DAX index loses to date, 0.76%, at 5,385.68 point, the index CAC 40 - 3458.32 points (-0.56%). By 12.30 Moscow time ADRs in the Russian equities in London (in dollars per share) as follows: Company - 50.8, «NorNikel» - 105.5, «Rosneft» - 6.33, «Rostelecom» - 5.228, Gazprom - 5.372.
Futures on the SP is reduced by 0.55% and is at the level of 995.2 points.
By 12:30 Moscow time the euro /dollar is at a level of 1.44. Today, the MICEX to the dollar gives 31.09 rubles for one euro - 44.78 rubles. Thus, the value of a basket bivalyutnoy now is 37.32 rubles.
On the oil market there is a correction. By 12.30 Moscow time the September futures on oil brand Brent traded at around $ 72.688 a barrel, Light - 70.33 per barrel.
«anticipate will increase the volatility of macroeconomic statistics bidding. Interesting data in the first half of the session will be productive, inflation in the euro area, which traditionally draws the attention of the ECB to decide on a rate and with forecasts for monetary policy - that is important in light of the expected meeting of the ECB on Thursday », - noted Anna Lyukanova, analyst GC ALOR.
The focus today will be the June data on personal income and spending in the United States at 16:30. In addition, at 18:00 will be on pending sales of homes in the United States for the month of June.
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After the release of reporting for the first half of 2009 as investors drew attention to the paper RusGidro (6,46%)
Recommendations for futures on RTS index on Tuesday
It is possible that after three days of the rapid rise of the Russian stock market participants make haste to leave, make a profit while retaining
In recent days the market has grown by more than 10% reduction could be seen as remedial, indulge in panic early
Shares of Gazprom can not just go below the 165 rubles, but also to close the gap formed yesterday at the opening
If futures for U.S. indices will be in a positive zone, the Russian market can start recording profits
Closing trades above the level of 105 000 items for a fixed term for the RTS index opening goal - 115 of 100 items
Momentum in the closing of the Russian market will establish the mood of the world oil market and the opening of Wall Street
CC Finam Management has summed up results of July
