After strong increase in the auction on Monday, shares of AvtoVAZ now showing bear price correction

After strong increase in the auction on Monday, shares of AvtoVAZ now showing bear price correction

MICEX by 13:30 Moscow time on Tuesday amounted to 1 112.54 Fri, corresponding to 0.71% decline for the first three hours of trading.

The worst of the market while stocks seemed today, Russia's energy industry. Investors in this segment is still very wary of the current dynamics of oil prices. Papers of Lukoil and ordinary shares of Tatneft lost on Tuesday morning, 1,42% and 1,86% respectively.

After strong increase in the auction on Monday ordinary and preference shares of AvtoVAZ today demonstrated bear price correction. Their quotes were down 4,62% and 4,05% respectively.

Yesterday it was announced that Rostekhnologii on the basis of its assets in Russia's automobile industry are going to create a production holding.

enough positive momentum shown this morning shares Dorogobuzh, adding 3.54%. According to the information Monday, Silvinit re-sent to the manufacturers of complex fertilizers JSC Akron , JSC Dorogobuzh and other contracts for the supply of potassium chloride before the end of 2009 on the recommendation by the Ministry of Industry and Trade of the RF level of $ 3 955 rub. ton.

In general, a decline of investors Russia's stock market looks like now expected. In the coming days will be issued a large amount of important U.S. macroeconomic data. Nevertheless, the overall trend in Russia's stock market is currently still bullish.

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