22.01.10 20:46 ;
 

On Friday, Russia”s stock market more than a negative background was opened in the red zone. A significant reduction of American sites before and negative dynamics of Asian trading led to the fact that domestic indexes sunk in early trading by about 1%. Later, a decline of only intensified. By 12:50 Moscow time RTS index has fallen below the psychologically important level of 1500 points, losing 2.09%, and amounted to 1498.35 points and the MICEX index dipped 1.91% to a level of 1408.41 points.

The Losers were the banking sector securities: ordinary shares of Sberbank, lost 3% today, “prefecture” - 3,6%, VTB-up trades dropped to 4,04%. The reason for the decrease in market sectors - both at the western sites, and in Russian - have become yesterday”s statement by Obama”s intention to reform the financial sector.

cheapening oil on the background is not very encouraging statistics on stocks of crude oil and petroleum products in the United States put pressure on market quotations of oil and gas sector. By 20.20 Moscow time, the March Brent crude traded at $ 73.4 per barrel, Light - $ 75.12 per barrel. Papers of Gazprom fell by 0.67%, Rosneft - on 3,38%, Surgutneftegaz lost about 2%, LUKoil - 1,41%. Oil and gas closed New Year “gepy”, so at these levels may appear buyers, said Alex Murkin, trader Orgbanka. ”

significant reduction demonstrated yesterday”s leaders - shares of real estate companies: CB “PIC” and RTM today fell more than 7%.

“green spot” on the general red background papers were telecom and Severstal. Uralsvyazinform up to the bidding rose to 3.46%, Rostelecom added 2,16%. Papers of the telecommunications sector supported news on the transfer of shares of Rostelecom in trust VEB. Shares Severstal went up by 1,73%.

Today is a day, Fitch changed the rating outlook of Russia with a “negative” to “Stable”, confirming it at “BBB”, but it did not affect the course of trading, the paper continued to rapidly fall in price under the pressure of the external negative.

At the end of the day the RTS index dropped to a mark of 1489.46 points, losing 2.67%. MICEX Index finished trading in the “minus” at 1.78% to 1410.38 points. “The most logical explanation for this decline in prices Russian stock could be as follows: investors remaining in the shares on the NG and have received an additional bonus of trades in the first session of the year, record profits. In doing so, they favor the negative external signals - such as the fall of the dollar on euro, the fall in oil prices below $ 75 /brr. Brent, the negative dynamics of trading on global stock markets, as well as new initiatives of the United States and China. In the first case, investors frightened by the idea of Barack Obama on reforming the banking system, including restrictions on the size of banks and their transactions. The second - the possibility of extending the practice of folding anti-crisis measures initiated by the Central Bank of China, “- commented Angelika Henkel, a senior analyst at Alfa Bank”.

In the evening session on FORTS the March futures on the RTS index increased to 0.43% and amounts to 150,575 points. Futures for shares of Gazprom1000and LUKoil added 0,41% and 0,18% respectively, and futures for shares in the Savings Bank “in the black at 0,47%.

Currency

pair euro /dollar is at 1.417. Today, the MICEX to the dollar gave 29.79 rubles for one euro - 42,14 rubles. Thus, the value against the currency basket was 35.42 rubles (yesterday, on the basis of bidding price currency basket was 35.17 rubles).

European indexes finished today”s trading in the “red zone”: the FTSE fell 0.6%, CAC 40 index dropped to 1.07%, DAX index lost 0.9%. Leading U.S. indices show a moderate negative dynamics: at 20:20 Moscow time, the Dow Jones fell by 0,4%, the index SP - on 0,62%, the index Nasdaq - for 0,69%.

“The upcoming week promises to be quite volatile. reporting season draws to a close, but the saturation makrostatisticheskimi data again raise the speculative activity. Earlier this week, special attention should be paid according to the U.S. housing market. Finish the trading week will determine the statistics of the U.S. GDP for the IV quarter “- said Anna Lyukanova, an analyst at GK” ALOR. Also next week a meeting of the U.S. Federal Reserve.

According to Igor Kobzar, head of portfolio management Raiffeisen Capital, a leading market in the current circumstances “immunized from the sharp fall due to the continued flow of money.” “In the absence of this factor against the backdrop of the fall of America”s 2% drop in our market would be much greater. Now the flow is mainly from western institutional clients, who somehow was involved in the limited growth in the last year and want to catch up. In the case of reduction this flow - the market will decline at a faster rate if it continues - will be short-term decline and the market will resume growth. We believe that the vector can be given in the next two weeks “- the expert believes.

  

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