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The focus today will be given to segments of oil and gas companies and banks, as having the greatest potential for growth

Jul 20th, 2009 | By admin | Category: News and Comments

Friday completed the work week in the Russian market of high growth. Despite the absence of significant volume, it is clear that the action is dominated by the bulls, which, coupled with improved sentiment on the world sites pushes our indices upwards. On the day of the MICEX index rose by 2.9% to a level of 966.18 points and the RTS index has shown growth of 2.4% to a mark of 925 points.

Mgnogo better market and completed a decent amount of time Mosenergo (9.3%) on news of the positive closing of the first quarter and exceeded the profit forecast in half from. Not bad look of paper raw materials and steel companies: Raspadskaya showed a growth of 6.7%, Severstal - at 6.1%, despite a decline in ratings and the projection of the SP to BB- from BB, Nornikel - at 6.4%.

European indexes finished Friday trading low growth: Britain's FTSE added 0.6%, German DAX - 0.4%. U.S. indices started trading in negative zone, but against the backdrop of positive statements and positive statistics from the housing market at the end of the session were able to get out in an easy, plus, although closed raznonapravleno: DowJones added 0.4%, SnP500 decreased by 0.04%, Nasdaq added 0.08%.

Asian session demonstrates the positive trend - growing almost all the major indexes, and the Singapore index reached a 10-month peak, in fact, returning to levels of 2008. There is phenomenal growth in the region with the main site - Japan is not traded. Chinese Shanghai Composite adds about 1.5%, Australian indices in the 1-1.5% growth. Futures on SnP500 in polprotsentnom growth. Oil brand Brent traded positively in the $ 65/barrel. The pair euro /dollar. traded in a narrow corridor near 1.41-1.42.

Today, the conditions before the opening of Russia's emerging market-friendly. The growth of the world's playgrounds, and high oil prices will help the Russian market to show modest growth since opening. In the future, the focus could be given to segments of the oil and gas companies and banks, as having the greatest potential for growth. Against the backdrop of reports of intention to major iron ore producers to switch to the conclusion of quarterly contracts with consumers do not exclude the growth and the segment of our mining and steel companies, with their structures overcapacity about ore extraction.

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