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Ideas for growth in the western areas are not yet available and, thus, fixing on the Russian chips to continue

Jun 22nd, 2009 | By admin | Category: News and Comments

On Wednesday, the Russian stock market rolled the next wave of falling prices. The slight decrease in quotations on the black gold and the strengthening of the dollar to become the world's currencies to continue the trigger lock players arrived in the Russian market. In themost affected by the reduction of fertilizer producers, the blue chips have fallen the most of paper and Gazprom GMKNornikel. At the end of the trading the MICEX index fell by 5.5%, RTS index - by 4.1%.

At American trading platform yesterday, pressured by several factors. First, the decline in commodity prices caused a drop in the oil and gas and metallurgical sectors. Secondly, the decline in agency forecasts for SP 18 largest U.S. banks has led to the predominance of sales promotions in the financial sector. In general, investors have a relatively slow, and the market was moving sideways range. At the end of the trading Dow index fell by 0.1%, SP - at 0.2%, NASDAQ up 0.7%.

External background at the opening of the Russian market mixed. Japanese Nikkei falling 1.7%. Chinese Shanghai Composite is growing at 1%. Oil brand Brent traded around the mark of $ 70.6. Futures on the U.S. S P500 grow at 0.2%.

Today bulls once again try to make a rebound upwards, that looks quite logical after the strong drop yesterday. Nevertheless, given the increasing volumes of trades that took place at yesterday's market decline, we can say that the number of those wishing to sell exceeds the number of buyers. At the moment, we continue to recommend to play mostly from the sales. Ideas for growth in the western areas are not yet available and, thus, fixing on the Russian chips to continue. Let and rebound upwards. Today we expect to see the market opening yesterday, closing at or slightly above.

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Analyst Ratings


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From the statistics that can affect the course of today's trades are the index of leading indicators in the United States
The immediate objective is a rebound in the region of 1080 points on the MICEX index
Today on the Russian stock market is expected to open bidding about previous closing levels
Kuzbassrazrezugol will not pay dividends on the basis of 2008
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Net profit of MegaFon for 1 st quarter of 2009 on the US GAAP increased by 20.2% and amounted to 11.1 billion rubles

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