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Russia market has every chance to test this week, the level of 1500 points on the MICEX

Jan 29th, 2010 | By admin | Category: News and Comments

previous session
Monday trading session on Russian stock exchanges ended the growth of the major indexes: RTS 1,47%, MICEX 1,85%. Domestic share platforms on the negative external background started the day lower, which opened gepom down about 0.5%. However, it soon resumed purchases and markets went into a plus. Strong growth contributed to rising oil prices and positive dynamics of European indices. Good demand seen in the papers of metallurgists, as well as Sberbank and Transneft. Bad looked telecom. The result: oil and gas sector: Gazprom 1.35%, Lukoil 0,75%, 0,88% Rosneft, Surgutneftegaz 1,82%, the banking sector: The Savings Bank 2.65%, VTB 0,54%, ferrous metallurgy sector: Mining Norilsk Nickel 2.91%, PolyusZoloto 0,88%.

European stock exchanges have completed the day in positive territory: the British FTSE100 0,72%, German DAX 0,72%.

The American Stock Exchange did not work. Holiday (Martin Luther King Day).

Before opening
Asian session shows differently directed dynamics: Japanese Nikkei225 -0,71%, Chinese Shanghai Composite 0,27%, the Australian Index All Ordinaries -0,80%. U.S. futures SnP500 0,23%. Quotes of the ruble is now located at around 29,55 (Forex). Oil brand Brent 77,11 (0,01%). A pair of Euro /USD. traded slightly lower than 1.44.

Recommendations
expect multi-directional opening of domestic sites. For Russia"s stock market develops in a neutral-positive external background. Domestic ground yesterday renewed yearly highs, and finished the day higher than in 1479 points on the MICEX. Today come reports Citi Group, which will be able to influence the bidding process. We believe that Russia"s market has a good chance to test this week, the level of 1500 points.

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Analyst Ratings


Trading volume on the stock market, MICEX Stock Exchange on Monday amounted to 101.88 billion rubles
Today is expected to continue to improve the game in the "second echelon"
International companies continue to publish quarterly reports, which in substantial form the investment sentiment
The reduction in global demand for shares of the financial sector can have a negative impact on Russian banks" securities
Now back to the work ofd86the American sites, as well as forthcoming new statistic data and financial statements that stir the markets
External background at the opening today"s trading in Russia remains neutral
External background moderately negative for Russia"s stock market, Asia is traded mostly down
Euro now will be traded in the range 1,4330-1,4460 dollar
Yesterday, the euro /dollar was trading near 1.4380 marks

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