Reporting of American companies have helped the Russian market close on Friday in «green belt»
Jul 18th, 2009 | By admin | Category: Main NewsÂÂ
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 17.07.09 20:25 ;
 Prior to the opening of Russia's bid on Friday, a positive external background. On Thursday, U.S. stock indices closed in the black. Asian indices also showed mostly positive momentum.
Russian stock trading site started today neutral. Most of «blue chips» in the first few minutes of trades were near zero mark, but were soon apparent movement in the direction of growth of quotations. By 12.40 Moscow time the MICEX index rose by 1.4% and stood at 952.56 item, RTS index rose 0.86% to 911 points.
By the middle of the day most of «blue chips» expensive. Better the market shares of Gazprom Neft look (3.81%), «Norilsk nickel» (3.77%), CMI (3.44%), «Severstal» (6.25%), «Surgutneftegaz» (3.86% for a /s, and 3.46% for a p), as well as «Tatneft» (3.23%). From the general trend emboss paper FSK UES, deshevevshie at 0.47% and OGK-4, lost 1.07%.
With the increase, but worse than other sectors of traded shares of banks, Sberbank and VTB. «The last three days VTB paper demonstrates the stable growth that is happening against a background of getting stuck in the side band of Sberbank, which is very unusual, because correlation between these two representatives of the banking sector to the «blue chips» has always been very high », - noted analyst VTB 24 Stanislav Kleshchev.
Ruble today has been relatively stable, the level of the dollar stood at 31.78 rubles., to the Euro - EUR 44.81.
In the second half of session, the volume of trades fell: the investors were waiting for statements and General Electric Bank of America, caught up in the result of better forecasts. Earnings per share General Electric was $ 0.26, analysts were expecting $ 0.24. GE also announced that it has sufficient liquidity at the end of the quarter had cash and equivalents by $ 52 billion per share Bank of America profit was $ 0.33, expected $ 0.18. Data on the construction market in the United States also exceeded projections: the number of new buildings in the United States in June grew by 3.6% to 582 thousand houses, while the expected decrease to 530 thousand
Thus, the external background, continued to maintain «bulls» until the end of the session. MICEX Index concluded the bidding at 966.18 points (2.92%), RTS index - on the level of 925 points (2.41%).
However, experts do not hesitate to talk about the end of downward trend in the Russian market: «In general, the working week has been quite positive in many ways thanks to the good reporting from the United States. Most large companies reported, and is unlikely to expect this kind of optimism in the near future », - considers the Absolute Bank analyst Ivan Fomenko.
«RTS and MICEX indexes reached during the growth of important resistance levels at 950 and 900 points respectively. If these levels will be taken up with confidence indices, can be said about the spread market in the medium term. In the meantime, the dynamics of stock as we approach the levels of resistance index became weak enough, the volume of trades fell heavily. Moving up though and goes, but at low volumes, and it inspires the fear that at current levels could begin consolidation», - noted Governor assets IR« Finam »Sergey Belov.
next week publish a report Bank of NY, Wells Fargo, Morgan Stanley and Microsoft. The key event may be recorded B. Bernanke on monetary policy in the first half.
In the evening session on FORTS the September futures on the RTS index rising by 1% at 92340 points. Futures for shares of Lukoil adds 0.49%, futures on stock «Gazprom» - 1,64%, to shares of Sberbank - 1.44%.
Futures on SP now stands at 935.5 (-0.02%).
At the end of the trading in Europe, a key index of the UK FTSE 100 added 0.62 French CAC 40 rose by 0.59% and the German DAX closed in the black at 0.43.
In the United States by 20.20 Moscow time the Dow adds 0.21%, the index of SP is reduced by 0.23%, the index of Nasdaq - for 0,25%. Centyabrsky futures oil brand Brent traded at a price of $ 65.31 per barrel, oil brand Light - at a price of $ 64.46 per barrel.
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