From Russia”s major sales market can protect the U.S. and oil futures, showing positive momentum
Feb 19th, 2010 | By admin | Category: News and CommentsRussia&1000;#39;s stock market on Friday, fell under the influence of negative external background. The reason for the fire-sale of American intentions became President Barack Obama make changes to the banking system in order to limit speculation in banks. Pessimism also added negative makrostatistika: Data on retail sales in the UK and reserves of energy in the United States was worse than expected. Against this backdrop, Russia"s leading indicators are streamed down to the levels of support. With a reasonably good opening of the American sites, the MICEX index stood at levels of 1395-1400 points and played a little loss. Contributed to the "bulls" news from Fitch, revised its outlook on Russia"s credit rating to "negative" on the stable. Nevertheless, on its day of decline was 1.8%.
worse than the market looked banking sector. Paper Sberbank fell by 3%, VTB has lost just over 4% of capitalization.
oil and gas sector was under pressure downward movement of prices for "black gold". As a result, Lukoil lost in the price of 1,4% -3,4% Rosneft, Gazpromneft - 3,5%. Somewhat better look Gazprom and Novatek, fallen in price on 0,7% and 0,3% respectively.
In the metallurgical sector dominated sales. Bright spots were only paper Severstal, which grew by 1,7% against the background of recommendations for improving them by analysts Goldman Sachs.
The selling in the market have not affected the telecommunications sector, traditionally considered to be "protective". Rostelecom shares rose by 2,2%, Uralsvyazinform - 3,5%. Volgatelecom grown by 3,1% against a background of information on raising tariffs for private and corporate clients by 10% in February.
Forecast
External background - moderately negative. On the world market dominated by pessimism. U.S. indexes fell by 2,1-2,7%, the losses in Asia were slightly less - within 1.2%. Oil prices have sunk to the level of $ 73.1 per barrel Brent. Against this backdrop, we believe that Russia"s market will open gepom down to within 1%. From a more substantial sales can protect the U.S. and oil futures, showing positive momentum. Support for the MICEX Index is located at 1400 and 1385 points. Among the important statistics are now expected to report sales of homes on the secondary market (18.00 IST).
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