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Better the market today can look at the paper Gazprom oil on the background of a possible consolidation of a controlling block of Sibir Energy

Jun 29th, 2009 | By admin | Category: News and Comments

Opening of the Russian market seems neutral, which is connected to external signals. Closing of the American market on Friday was held at the zero mark: Dow Jones index on the basis of the session has lost about 0.4%, closed again under the critical level of 8500 points, and the SP 500 - 0.15%, while the NASDAQ closed in the black, adding 0.47%. U.S. futures indices are in a weak red, losing about 0.2%. However, the levels at which they traded, were above those marks, which shut down domestic sites on Friday. This fact нивелирует negative.

sales could provoke a decline in oil prices, which traded at around $ 68.7 per barrel mark for Brent. At the beginning of the session a few quotes cannon and returned to the levels at which the day before they left the Russian market. So trading in negative zone in the oil futures also did not become a cause for mass sales.

At the Asian auctions sites are near the zero mark, which will reduce the activity of participants in the Russian market.

After the opening of a symbolic red impact on the bidding will publish statdannyh on the economy of Great Britain (12:30 Moscow time) and the euro (13:00 Moscow time). The reason for the sales could be tested in the SP 500 futures point 900 points. Perhaps, after a large downward correction of the annual maxima of the MICEX index will be consolidated in the range 935 - 1000 points, then determine what further vector. During this week, the dynamics of trades will depend on the publication of corporate reports in the United States.

On Friday, the market looked significantly better than shares of MMC Nornikel, which, on the basis of the session added to the value of the order of 4%. The fundamental factors such growth is not matched, and, in my opinion, the reason for the positive momentum could be the next meeting of shareholders of the company, which will be held on Tuesday. A similar situation may be in shares of Sberbank, added before the shareholders meeting, which took place last Friday. It should be noted that on the day of collection of paper the bank closed lower market similar fate may be to comprehend, and shares GMK Nornikel. At the opening of bychi mood in the papers may be heated metallurgist including futures and growth of nickel, which added approximately 0.3%. Resistance levels is to mark 2810 rub. Which may be holes in the beginning of the session. In the case of Perforation of the purpose of the stock will mark 3000 rub. Support is the level of 2500 rubles.

Shares of Sberbank, which, in my opinion, have lost the internal drivers of growth, followed by the overall market dynamics. Paper financial companies in the United States look better than the market that would support action at the opening of the banking sector. The decline in oil prices adversely affected the course of Russian currency, which will rise to sales of securities of Sberbank. In addition, the bear mood in the shares will be matched by changes in futures for shares of the issuer during the evening session on FORTS, which resulted in the paper lost about 2%.

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 oil on the background of a possible consolidation of a controlling block of Sibir Energy, which was reported on Friday.

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