The RTS finished trading in a weak positive territory, tomorrow downward trend on the equity market could be continued

 
  
 
 
  26.01.10 20:27 ;
 

Russia”s stock indexes began the session on January 26 witha sharp “gap” down, which amounted to more than 1% on the MICEX index. Otygryvaya unfavorable dynamics of world trade areas, the fall in oil prices, tightening of monetary policy in China and the depreciation of the ruble against the dollar and euro on the currency market.

Day Russian indices continued to fall. By 13.00 Moscow time the MICEX index fell 2.36% to 1382.44 points. The RTS index lost 2.62% to 1446.99 points.
Later, the downward movement of Russia”s strengthened market traded in the “red zone” European exchanges. European stock exchange indicators managed to get into positive territory closer to the closing of the market of Russia. As a result of trading the FTSE rose by 0.314%, the index DAX - at 0.67%, CAC 40 index - to 0,399%. Exit optimistic statistic data from the U.S. (the index of consumer confidence in the U.S. economy in January rose to 55.9 points - up to a maximum of September 2008) helped to end the day with the RTS index in the weak black. At the end of the day the dollar RTS index fell by 0.24% to a value of 1447.84 points. The MICEX index rose by 2.194% to 1384.79 points. Trading volume on MICEX was $ 6 412.39 million
The worst performance during the day was led by Rosneft and Surgutneftegaz, its price fell by 5,173% and 2,23% respectively on the message that zero duty on exports of oil from 13 fields in East Siberia is not applicable from 19 January. Return of benefits possible after the relevant amendments to the decree of the Government. Also in the outsiders came shares of Gazprom, Lukoil, Gazprom Neft decreased by 0,85%, 2,6% and 3,4% respectively.

better than others in the petroleum sector on Tuesday looked preference shares of Tatneft (0,118%), which was caused by the alleged payment of higher dividends on securities (the company expects revenues in 2009 reached about 220 billion rubles).

Oil fell on Tuesday on the background of strengthening the dollar. By 20:20 Moscow time futures for Brent crude for delivery in March traded at $ 73.39 per barrel, Light - $ 74.9 per barrel.

In metallurgical sector hardest decreased Paper NLMK (-2.66%), MMK (-1.88%) and Severstal (-3.746%). A little less than the failed results showed the paper Polymetal (-0.04%) and Norilsk Nickel (-2.76%).

finished the day in positive territory shares “MRSC of North Caucasus” (5,16%), “InterRAO (2.95%), OGK-1 (1.87%).

on MICEX today for one dollar was given - 30.3393 rubles for one euro - 42.7402 rubles. The cost of currency basket, thus, is 35.9208 rubles (yesterday, at the same time, it was 35.7405 rubles). Currency pair euro /dollar at Forex stands at 1,4084.

In the evening session on FORTS futures on the RTS index rose by 0,669% to 146,630 points. Futures for shares of Gazprom, Lukoil, Sberbank increased by 0.432%, 0.462% and 0.59% respectively.

Meanwhile, trading in the United States opened in the Green Zone. By 20:20 Moscow time, the Dow Jones index rose by 0.607%, S P500 at 0.383%, NASDAQ dipped to 0.562%.

In the opinion of Natalia Lessin from CC ALOR “tomorrow at the opening ceremony will focus on not only the outcome of trading in the U.S., but the mood in Asia - namely,” Chinese “factor, which for a long time is one of the main guidance in the formation and sentiments in Russia market and global trends. “After trading in the United States will report to Yahoo!, But positive reports, according to the present day, are ignored by market participants and the perceived” as a tribute. “Proceedings of tomorrow”s trading will adjust the expectation of the outcome of the Fed meeting and the publication of statistic data. Expected sales data on the primary U.S. housing market and stocks of “oil” and oil products. Data are acquired special significance due to confidently reduce oil futures on the background of strengthening U.S. dollar. In the case of the next growth stock futures on Brent crude may go to the psychological level of $ 70 per barrel “, - the expert .

Ivan Fomenko, deputy chief of the fiduciary “Absolut Bank believes that the downward trends in the market may be continued in the near future. “Participants are set to sell. The market is very weak and there are many prerequisites for the deteriorating situation”, - analyst.

Alexander Osin, chief economist UK “Finam Management believes that the potential for some further decline in investment activity in Russia”s stock market in the next few weeks at the moment, apparently, remains. “Perhaps, however, that the abundance expected in the near future information from the world”s leading regulators, in the end, as has often happened in recent quarters, will improve the situation on the stock segment, at least in terms of immediate prospects,” - considers it.

  

   Source:
   
    
   
  

 

At the news of the approval of plans to move to IDC RAB better market traded securities of Energy today
“Naftogaz” to increase control over the Ukrainian oil company Ukrnafta
Deficit of the investment budget Railways up to 2015 amounts to 1.4 trillion rubles
Financial crisis has changed the standards IFRS
Europe: markets were doing the bidding of American consumers
FAS turned to Viktor Zubkov with a request to give commission to develop a pricing formula and rules of exchange trade in mineral fertilizers
Aeroflot has considered the deal to purchase from the National Reserve Corporation “25,8% of own shares
The IMF raised its estimate of Russia”s GDP in 2010 to 3,6%
U.S.: Consumers supported the stock markets



Leave a Reply
\