The negative dynamics of European exchanges «cooled» Russia's enthusiasm indices

 
  
 
 
  01.09.09 20:36 ;
  The first trading session in the autumn Russia indexes opened almost one per cent «gepom» up against the background of the improved situation on the world sites. By midday, the MICEX index rose by 0.76% and amounted to 1,100.3 points, RTS added 1,28% and stood at 1080.18 points.

During the day the demand was concentrated in shares of oil and gas sector with expectations, and then publish reports Rosneft on US GAAP for 2 quarter 2009. During this period the company's net profit declined by 21.7% to $ 1.6 billion, revenue of Rosneft on US GAAP was $ 10 947 million, up 32.5% higher than the result I quarter of 2009.

also worth noting that the export duty on Russia's Urals oilfrom 1 September 2009 will grow from $ 222 per ton (in August) to $ 238.6 per tonne. On such a background paper newsletter «Rosneft» have grown on 1,45%, «LUKOIL» - on 1,2%, «Gazprom» - on 0,37%, «Gazprom Neft» - on 1,19%. On the negative territory shares finished the day «Surgutneftegaz» (-1,01%).

dynamics of «better than the market» today demonstrated Paper Russia telecommunication companies. Preference shares «Sibirtelecom» added 17,48%, «Uralsvyazinform» - 13,7%, shares «Dalsyazi» increased by 8,4%. According to some analysts, quotes, market sector continues to reflect in the prices of market expectations of reorganization «Svyazinvest» already in the relatively near-term perspective. They do not agree Dmitry Peregoudov, trader IR «Veles Capital»: «The main driver of growth for this sector is the broad macroeconomic stabilization, since the entire sector, the main problem is that, under what conditions they will ever refinance their debts».

negative opening of European sites caused quotation Russia shares a few slow their growth. MICEX Index on the basis of the day increased by 1.19% to 1104.98 points, dollar denominated RTS index rose 0.66% to a value of 1073.62 points. Trading volume on MICEX was $ 4 471.95 million «Support our market have prices for raw materials. RTS Index is 70% of companies focused on the production and sale of raw materials, thus further market dynamics will depend on the prices of these raw materials and the behavior of the dollar », - believes Alan Kaziev, IR« Finam ». Meanwhile, oil prices are falling. By 20:15 Moscow time futures for Brent crude for August delivery traded at $ 68.783 per barrel, Light - $ 68.98 per barrel.

By 20:10 Moscow time the course pair euro /dollar at Forex stood at 1.43. On the MICEX today for one dollar was given - 31.78 rubles for one euro - 45,57 rubles. At the end of the day value against the currency basket was 37.97 rubles.

In the evening session on FORTS futures on the RTS index fell by 2.249% and amounted to 104,095 points. Futures for shares of «Gazprom», «LUKOIL», «Sberbank» dropped to 1.692%, 1.862% and 1.463% respectively.

European indexes finished trading in the red. The FTSE fell by 1.817%%, CAC40 - to 1,919%, DAX - on 2,51%. Meanwhile, trading in the United States opened in «green belt». But by 20:10 Moscow time, in spite of positive statements (index of planned sales in the U.S. housing market showed a higher mark up to a maximum of two years, an indicator of business climate in American industry, calculated ISM, the first time since July 2008 came at the reflecting expansion in the sector economy), the Dow Jones index fell to 1.806%, S P500 - at 1.887%, NASDAQ 1.702%. «Investors are apparently in no hurry to win back comes to the market enabling the U.S. macroeconomic statistics. However, in practice the last quarters, such a situation - especially taking into account the abundance of liquidity in currency markets - is not sustainable. Perhaps after a certain period, the slowdown of investors in the coming days, an increase of Russia, the world stock markets will resume », - says Alexander Osin, chief economist of the UK« Finam Management ».

In Russia market, there is no express direction of motion, the prices do not move either up or down. «The market is waiting for news that could affect the dynamics of quotations. On the one hand, the situation seems stable, but this calm may cause a storm, conditions for which there are. Pumping of the world's leading economies of cheap money has not produced the expected results, and positive, associated with the exit of the recession, largely, has already been played earlier that led to a rally instock markets. We need results and confirmation that the situation is changing for the better. In this market, it seems, is not yet convinced that, in turn, resulted in a high vibration. Some kind of support and hope for Russia's markets are oil prices - as long as they are high enough to allow Russia's securities do not fall to critical levels », - says Ivan Fomenko, an analyst at Absolut Bank.

«Opening of tenders on Wednesday on Russia's market will largely depend on the closure of the U.S. trading session and the stability of oil prices on the completion date, will have considerable importance in Asian trading on the Japanese and Chinese trading floors. Attention of investors will also be attracted to the movement of U.S. index futures SP before the opening of Russia's Trade », - Sergey predicts Aligulyants, chief economist of Securities« Gazenergoprombank ».
  

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