Gosgarantii on bond issue Mechel on 45 billion rubles to support securities may metallurgical sector
Jul 27th, 2009 | By admin | Category: News and CommentsLast Friday completed a week of growth in the Russian market: on the positive wave of corporate reporting, improve the basic macroeconomic parameters and rising prices for oil and metals, Russia's markets have demonstrated further growth. Yet at the end of the day the markets were unable to close the same. RTS Index rose 3.76% to a level of 1012.62 points and the MICEX index fell by 0.43% to a mark at 1026.95 points. The leaders of growth were deservedly metallurgical companies and commodities. During the meeting the prime minister with the industry were positive for recent statements about the need to maintain the growth of the state order and metallurgists - NLMK eventually grew to 3.35%, but the inadequacy of the proposed government measures are not allowed to grow Severstal shares (-2.66%), as well as shares of CMI ( -4.05%). Urakaly added 5.2%, OGK-2 - 5.6%.
shares fell Nornikelya (-2.7%) and Gazprom (-2.6%). European sites have continued to rise, but he was very modest. Key indicators rose only within 0.5%. The American Stock Exchange have also completed the week of growth - Dow and SP showed an increase in the limits of -0.3%. Russian ADR mostly grew on Friday. This helped start the growth of oil prices: WTI reached U.S. $ 68/barrel in, and the European Brent - $ 70/barrel. Futures on the RTS index closed growth, which allows to hope for a gap up at open areas.
Asian markets traded in positive zone, on expectations of positive corporate reports.
Today, we expect a positive opening on the Russian sites. It is possible growth in the securities of oil and gas sector, which should play a positive with commodity platforms. Not bad to look at and metallurgists - gosgarantii on Mechel bond issue for 45 billion rubles able to support sectoral paper as fact, and stabilizing the prices of steel products. The growth of paper and can show the banking sector. In the afternoon, the correction may be near 1050 levels on the MICEX, a strong resistance. Caring below 970 points of potential corrective decline to 950 points, but this scenario now looks unlikely.
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