In the first half of trading session is expected to multidirectional movement MICEX index in the range of 1020-1050 technical points
Jul 28th, 2009 | By admin | Category: News and CommentsThe Russian stock market completed its volatile trading session on Monday the weak growth of quotations on the MICEX, failing to keep the morning rise. As a result of trades on the RTS index rose 2.47% to 1037.61 points and the MICEX index at 0.91% to 1036.27 points. Activities of bidders that remained at the average level for the last time: The volume of trades on the MICEX reached 56.53 billion rubles.
On Monday the Russian market has shown volatile movements in the range of 1030-1060 points on the MICEX. Daytime maxima were reached shortly after the opening due to a favorable external background. In the future, to continue the growth of the Russian market has failed, as world markets took a pause and the quotations of oil going back full-time highs, after an unsuccessful attempt to overcome the mark of 69 dollars per barrel.
Volatility has increased dramatically since the opening in the United States. After the release of unexpectedly strong data on sales of new homes speculators attempted to warm up the market, but because the American market continued to show weak momentum MICEX index went down sharply and closed the day at a minimum.
External background before opening the bidding neutral. American market as a result of trades on Monday shut down a slight increase, but the dynamics of futures for U.S. indices is weak negative. On the oil market as there is no significant movement. In recent years the Russian market clearly is moving in line with global trends, so when you open, we do not expect a significant change in quotations. In the first half of trading session we expect to see a multidirectional movement MICEX index in the range of 1020-1050 technical points. In the future, the market will continue to analyze the emerging reports of western corporations.
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