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Better the market during the day remained paper steel companies: Severstal and MMK

Aug 26th, 2009 | By admin | Category: News and Comments

Despite the fact that on the eve of the American bid for the Dow set a new maximum of this year, despite the positive trend in Asia in general and China in particular, Russia's stock exchanges opened up a slight drop. However, to understand the situation, the players seem to have decided that the sale - this is not the best solution. Gradually, the paper began to emerge from the negative zone. Support to the market has had a growth of futures on oil and industrial metals. Among corporate news, you can make statements of Gazprom, which market participants rated as positive, resulting in an improved stock price of gas concern. In the segment of the banks used the high demand of paper VTB after the announcement of the offering price of additional issue. Also among the factors that contributed to the purchase, you can note the high level of liquidity in the market - the remnants of ruble funds on correspondent accounts of commercial banks reached the maximum marks.

However, the growth in the market was short-lived. Stock Indicators again began to slide in the minus zone following the deterioration of the dynamics of the world trading floors. The fall was observed in a wide range of liquid securities. Worse than the others looked shares oil and gas sector - Gazprom (corporate news failed to curb the sale), LUKoil, Rosneft, Tatneft. Better the market remained paper steel companies - Severstal and MMK.

In general, turned out to be quite positive statistics from the U.S., but noticeable effect on the markets it has not. It is too early to talk about that in Russia's market is full correction. Rather, the participants have become more cautious in their actions. However, given the emergence of new positive signals, indicating the restoration of the world economy, we can expect continued growth.

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Analyst Ratings


MICEX holds a mark of 1,100 points, which runs mid-term downtrend from June 6, 2009
Energy Ministry of Russia took control of the restoration work at the Sayan-Shushenskaya power plant after the completion of the operation MOE
Gazprom put into operation a gas pipeline in South Ossetia
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Rate for the dollar has risen - the evening review of cash markets
Analytics - the outcome of the day

Energy, World Stock Market, Currency, Weather ...


Forex - in the European session
The results of Gazprom for 1 quarter of 2009 had virtually no impact on the share prices of the company
The day futures on the RTS index has lost 3,13%, closing at a value of 106 300 points

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