Domestic market may be flooded with a wave of profit fixation, especially against the backdrop of yesterday's take-off quotes by 5%

 
  
 
 
  24.07.09 12:37 ;
  Russian stock site open rising blue chips within 1%. MICEX Index of 10:31 Moscow time has grown on 0,5%, 1,9% for the RTS. Morning «gap-up», likely was caused by the positive closure ADRami bidding for shares of domestic companies and the growth in world oil prices.

By 12.20 Moscow time the MICEX index rose by 1,181%, at 1043.55 item, RTS index rose 3.35% to 1008.69 points. The volume of trades on the MICEX was $ 1 563.23 million

leaders in enhancing oil and gas stocks are companies that otygryvayut recorded a significant increase in the eve of world oil prices: «Surgutneftegaz» (2,48%), «Rosneft» (1,51%), «Lukoil» (1,09 %), «Gazprom» (0,8%). Shares of banks traded in a small black VTB (0,52%), «Bank» (0,44%).

European markets traded raznonapravleno. FTSE index rose by 0,097% to 4564.22 item DAX index fell by 0.21% to 5,236.06 point, the index CAC 40 was 3367.3 points (-0.19%). Futures on the SP has lost 0.052% and is at the level of 968.4 points. By 12.20 Moscow time ADRs in the Russian equities in London (in dollars per share) were: «LUKOIL» - 50,4, «NorNikel» - 102,6, «Rosneft» - 6,09, «Rostelecom» - 5.047, «Gazprom »- 5,4.

By 12.20 Moscow time the September futures on oil brand Brent traded at around $ 69.65 a barrel, Light - $ 67,35 per barrel.

At the appointed time on the MICEX to the dollar gives 31.13 rubles for one euro - 44.19 rubles. Thus, the value bivalyutnoy basket was 36.99 rubles. By 12:40 Moscow time the euro /dollar is at a level of 1.42.

«Today is the day the market dynamics better than expected over the shares of« Gazprom »,« Rosneft »,« Lukoil », CMI. However, the dynamics could change: possible correction in the metallurgical, oil and gas companies, after a long rally. Participants chose to record profits this week, before the weekend. In general, the Russian market is set for continued growth in the short term in District 1100-1150 points on the MICEX index », - commented Michael Parshin, Director of Operations in the financial markets« First Republic Bank ».

«Today, in anticipation of the rally, we recommend that you bet on the first liquid chips, which again become a target for non-residents -« Gazprom »,« Rosneft »MTS,« Norilsk Nickel ». From this list, most have the basic capabilities of MTS and «Gazprom». Until the end of the year yield of the portfolio should provide 30-50% or 60-100% per year », - says Alexander shoes, Ph.D., head of analytical department of the IR Gallio Capital.

«During the day, against the backdrop of a possible profit of fixation and reduction in oil futures on the U.S. indices, it is possible that the domestic market may be flooded with a wave of profit fixation, especially against the backdrop ofyesterday's take-off quotes by 5%. In addition to external factors, supporting the Russian neftyanke primarily «Rosneft» and «Lukoil», could have introduced tax incentives for mining for the Black and Okhotsk seas, until the fields will not be produced 20-30 million tons. The effect of the tax savings of $ 1,7-2,56 billion in each field », - believes Vasily Konuzin, the head of the analytical control (IFC Alemar).

Today in Magnitogorsk will be Vladimir Putin's meeting with representatives of steel companies, which will discuss measures to support the industry.

From corporate events to select the publication of the operating results of the first half of 2009 JSC «OGK-1» and the meeting of the Board of Directors of TNK-BP Ltd., which must approve the interim dividend for the 1 st half of 2009 despite the crisis The company will maintain dividend policy and payments to shareholders will remain at 40% of net profit, which for the first half to reach $ 1.95 billion profit.

In the United States at 17:55 Moscow time data will be consumer confidence index, calculated by the University of Michigan, in July. Also today, expected data reporting Schlumberger, Sepracor, Telefon AB LM Ericsson, TeliaSonera AB.
  

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