In our market there has been correctional movement. By 11.00 the RTS index losing more than 2%, reaching 1,454.29 points. MICEX and ММВБ10, in turn, have fallen on 1,89% and 2,14% respectively. Shares of oil and gas sector, for the most part, showing a decrease in the order of 2%: Gazprom (-1.83%), Rosneft (-2,28%), Lukoil (-2.14%) and Surgutneftegaz (-1%). Unfortunately, one can note the positive dynamics of shares and the financial sector: Sberbank (-2.60%), Sberbank of AP (- 2,20%) and VTB (-2.22%). The mood of our market sets the weak futures on the SP and the negative dynamics of the Asian markets.

Bank of Japan left interest rates at 1% (no change) - this caused a negative mood among the bidders. Japanese index (NIKKEY) lost more than 1,70%, the index of Hong Kong (Hang Seng) down to 2.39%, Korean index (KOSPI) fell 1.96%. Chinese index CSI200 and Shanghai Composite fell by an average of 2,40%.

commodity markets can see the "bear paw". Futures for Brent crude lost in its price more than 1,30%. To date, the price is - $ 72.71 per barrel. All the favorite for gold contracts are going to keep pace with the market at the moment quotes lost 0.27% - $ 1,093.80 per troy ounce. Industrial metals market was no exception: Copper (-1.96%), nickel (-1,40%), Zinc (-0.29%), Silver (-1.20%) and tin (-0.14% ).

inclined to believe that the apparent correction may not be very deep. The reduction will not exceed 15% from current levels. Therefore, these market movements is used to shape their long-term positions.

This comment I want to dedicate shares Nizhegorodoblgaz.

Nizhegorodoblgaz (RTS: NNOG). Despite the relatively small discount of current market quotations for the latest estimates Rosimushchestvo (33%), we draw attention to the abnormally low market valuations of the company. Nizhegorodoblgaz capitalization of $ 43 million, only slightly higher than the net cash on the balance sheet at the end of 3 quarter. 2009 ($ 32 million). Thus the expected net profit up to 2009 amounts to $ 19 million (P /E 2010 = 2.3). Fair price - $ 4,00. Growth potential of over 160%.

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Analyst Ratings

Forex Market 26/01/2010
The market expects the Fed save it on low rates for long time
The economy is still weak
The number of supporters in the Senate, Bernanke growing
Aviation middlebrow

In 2009, the quality of service of Ukrainian companies record znizilos ...

Forex - Asia
Reduction in the Russian markets has affected all blue chips, drivers turning placc2ygrounds yet
At 13.00 Moscow time trade on the MICEX Stock Exchange amounted to 76155.9 million rubles
The main event of today"s trading session is out of data on stocks of petroleum and petroleum products from the U.S. Institute of Petroleum