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The worst of the market today may look like paper oil industry and industry, continued growth is expected in the energy sector

Oct 13th, 2009 | By admin | Category: News and Comments

Russia

Russia's stock market started the new week the growth of the basic indexes. Positive external background resulted in the gap at the opening, then growth will continue. In the absence of data and corporate reports makrostatistiki drivers of growth were in the SP futures and the price of black gold, increases throughout the session. The barrel of Brent crude reached a mark of $ 72.6. Opening of the American sites have passed on the positive territory, which has formed a new wave of purchases and raised the MICEX index by 3,8% from Friday's level.

growth of petroleum quotations pushed up shares of companies oil and gas sector. Lukoil has risen in price by 2,6%, Surgutneftegaz - by 4,4%. However, a major bull was carried out in the papers of Gazprom, which soared 6.2%, surpassing the volume of even the favorite in recent years by speculators Sberbank. The reason for this was the trip of Prime Minister Vladimir Putin to China, where deliveries will be negotiated Russia's blue fuel to China. After Gazprom, Transneft and paper became more expensive, adding 7.4%.

Papers of the banking sector were in demand on the background of further weakening the U.S. currency. Sberbank added 3.6% on ordinary shares and 5,5% for preferred shares. VTB has risen in price by 4%.

great demand on Monday was observed in the papers of the energy sector. OGK-3 shares jumped in price by 15,1% and OGK-5 - at 30,6%, thus pulling the general level of the market, departed earlier up.

Forecast

External background - neutral. American ground before showed an increase, which was cut sales in the second half of the session, the Asian stock exchanges observed a positive trend. Commodity markets are corrected - after reaching the local maxima of $ 72.6 Brent crude fell back to $ 71.8 per barrel. Futures on the SP shows weak dynamics. In the current situation, we believe that Russia's stock market will decline in major indexes. The worst of the market today may look like the company's oil and gas and metallurgical sectors, continued growth is expected in the energy sector.

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