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The forecasts of analysts: Increased value of the dollar is able to affect the shares of the banking sector

Jun 29th, 2009 | By admin | Category: Main News

29.06.09 10:14 ;
  The Russian stock market last Friday characterized by negative mood of investors. Among the «blue chips» worse than the others felt the action the banking sector: the paper «Sberbank» and VTB lost 3.9% and 2.8% respectively. Shares of oil and gas companies, with the exception of securities «Gazprom», went up by 1.7%, looked worse than the market as a result of declining oil prices. With good «plus» completed trading day shares GMK «Norilsk nickel», added 4%.

At the end of the dollar Friday on the RTS index rose 0.84% to 955.45 value item. The drop in the MICEX Index reached 0.1%, to 960.16 points. Trading volume on MICEX amounted to $ 6 077.52 million

This morning course a pair of euro /dollar at Forex stands at 1.40.

Oil prices show downward trend now. The August futures on oil brand Brent traded at around $ 68.51 a barrel, Light - $ 68,71 per barrel.

External background before the opening of Russia's bid on Monday is negative. U.S. stock indexes finished trading Friday insignificant change. Pressure on the quotes provided data on expenditure and income of consumers. As a result, Dow Jones fell by 0,4%, S P500 at 0,14%, NASDAQ rose by 0.47%.

Trading in Asia today have been divergent. Retail sales in Japan in May fell by 2.8%, as expected. The significance of the Japanese Nikkei index fell by 0.9%. China's Shanghai Composite Index added 1% symbolic.

Macroeconomic data for the United States today do not go, and investor interest will be sent only to the business climate index data in the euro area.

Many analysts suggest that the opening of tenders will be held today in Russia to «gepom» down.

Volynsky Alexander, Managing Director Asset «Investment Chamber» implies that the next resistance level is located in the vicinity of 980-1000 points on the MICEX index.

According to Dennis Kruglova, analyst IK «Finam», the pressure on the market and, in particular, for shares of oil and gas companies will have significantly podeshevevshaya oil. «The growth of the dollar is able to affect the share prices of domestic banking sector. Paper gold mining companies now look better than the market, in particular, against the backdrop of rising prices gold », - he predicts.

According to Natalia Lesin (CC «ALOR»), shares of oil and gas sector will occur in the negative zone, due to low oil prices, as well as the negative dynamics of futures for U.S. indices. Better market might look Paper «Gazprom petroleum» on the background of a possible consolidation of acontrolling block of Sibir Energy, which was reported on Friday »- she continues.
  

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The level of support to date for a fixed term for the RTS index to the performance in September - 92 000 (91 000)
This afternoon, a limited impact on the Russian market quotes have a data on the euro-zone economy
Large blocks of today is not expected, the dynamics of bidding would be attributable to the western areas
If the price of oil will resume its decline, the MICEX index back down to 950-940 points
Quotes of oil under pressure, so the domestic oil and gas industry can not avoid reducing
MICEX index today may well test the strength level of 950 points
Shares of major Russian companies hung in a narrow side bands
The market players have built up positions of options in the call at 1000 points on the RTS
The Russian market corridor 850-1100 points on the MICEX index may continue until the end of summer

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