Russia stock market opened the week with a decline after the oil and international marketplaces led by China, the MICEX index closed below the summer of 1100 points.
As a result of trades on Monday, the MICEX index dropped to 1091.98 points (-1.74%), RTS index - to 1066.53 points (-2.1%), core chips have fallen in price on the stock exchanges on 0, 4-4,1%.
Futures on the RTS index to closing the session down by 17 points to the underlying asset, which suggests a moderately negative expectations of the players.
In August, the RTS index rose by 4,8% and the MICEX index - by 3,7%, over the summer indicators lost 1,9% and 2,8% respectively.
Monday cheaper stocks of Gazprom (RTS: GAZP) (-2,5% on MICEX), VTB (RTS: VTBR) (-1,4%), Lukoil (RTS: LKOH) (– 1,4%), Norilsk Nickel (RTS: GMKN) (-2,9%), Rosneft (RTS: ROSN) (-2,3% and -3,1% in RTS), Sberbank Russia (RTS : SBER) (-1,7%), Surgutneftegas (RTS: SNGS) (-3,4% and -4,1% in RTS), Tatneft (RTS: TATN) (-1,9%) , Polyus Gold (RTS: PLZL) (-0,6%).
main pressure on the market has had a drop in oil below $ 70 per barrel WTI on the increase in U.S. distillate stocks to record levels since 1983, as well as on the background of a sharp drop in Chinese stock market due to fears that the restriction of lending can keep this economic recovery country
price of futures contract on WTI crude oil on Monday fell by 3,8% and amounted to $ 69,94 per barrel.
According to the report of the U.S. Department of Energy on the status of the fuel market in the country, commercial stocks of distillates (diesel and heating oil) during the week of 15-21 August rose by 0.767 million barrels - up to 162.384 million barrels. This figure went up to a maximum of 1983. Demand remains weak, and market participants fear overstocking.
foreign stock market conditions deteriorated on Monday, primarily in Asia, where the fall of distinguished China, the declining indices within 1% started trading on U.S. exchanges. Exchange of Great Britain on Monday, were closed for a holiday.
Left data on inflation in the euro zone in August were better than expected: consumer prices declined by 0,2% while the forecast decline of 0,3%. In July deflation in the region amounted to 0,7%.
Released in the U.S. Chicago business activity index for August was also better than expected (the index rose to 50 points in the growth forecasts of up to 48 points), but the optimistic statistics failed to trigger buying in overbought markets.
As the portfolio manager of IFC Option Elena Grebenshchikova, China on Monday, ordered the music: wave correction has enveloped the global platform, and with them, and Russia, but has serious consequences in the form of a collapse, it did not produce. Understanding of the subsequent motion for bidders not, in connection with which there is no distinct trend. Moderate optimism is already embedded in quotes, so when you exit fairly good macroeconomic data on the major growth areas is not observed, but when leaving a little disappointing data, investors react restrained sales. It is possible that the data continue to go would be optimistic, but the progressive growth of this background, we should not expect. The other hand, in the event of a pool of negative news, the probability of failure in quotations is great.
According to principal analyst bank Globex Anna Divinskoy, short-term weather fluctuations on the main index remains the same: from 1100-1130 points to 960 points with an intermediate solid support just above 1000 points.
analyst at Bank of Moscow (RTS: MMBM) Mikhail Lyamin believes that the situation on foreign markets is becoming more ambiguous. On the one hand, improves the background in the United States, determined by macroeconomic data, which in the past couple of weeks, signals a restoration of the American economy. It should be noted and European statistics, and recently raduyuschuyu investors. Against this backdrop, U.S. and European indexes last week demonstrated once again increase, reaching the levels of annual maxima.
On the other hand, a negative flow of messages from China (reduction of overcapacity in some industries, limit the amount of lending and so on) adds uncertainty to the long-term trend for reviving the global economy.
In connection with this talk about the stability of the dynamics of the world's stock markets also do not have to. In view of achieving a global index of new highs last Friday, now markets can expect a downward correction, which will also affect Russia, considers Lyamin.
analyst at SG Finans-Invest Stanislav Savinov also believes that the obvious factors of support from the bulls yet, so under pressure from the Bears will be tested by short-term trend line is rising near the 1,090 points on the MICEX index. Passage down this level finally to dot the i and remove the remaining obstacles to the development of the wave down.
According to analyst Aton Natalia Vygodinoy, cheer up the market participants on Tuesday, September 1, can index data activity in the manufacturing sector in the United States. The nearest resistance is located on the MICEX index at 1,130 points, and the next support - 1090 and 1050 points. Technically, in the short term, the MICEX index can jump to the nearest obstacle, although such a scenario is not entirely associated with the falling price of oil, but the players are still the most important is the intraday price dynamics, black gold. Thus, the positive scenario is possible on Tuesday when the correction in oil prices upwards.
According to the Head of the Department of trust management of the Metropolitan Financial Corporation Kirill Alekseyev, with the onset of the most important of the reporting month (September, when completed fiscal year in the U.S.) is an American global funds would be to repatriate their capital. Therefore, in the short term is expected to scale correction in the stock and commodity markets with the aim of correcting the nearest 950 points on the MICEX index.
Asian stock indexes fell on Monday on a decline in the profits of Chinese companies and the rise of the yen, caused by the victory of the Democratic Party of Japan for election to Parliament.
Japanese index Nikkei 225 fell 0.4% after rising 2.2% immediately after the opening of tenders. Growth rate of industrial production in Japan slowed in July to its lowest level in 4 months, a reduction in retail sales continues. Negative statistic data published on Monday, as well as record levels of unemployment led investors to fear that the new government will be unable to support economic recovery.
Chinese Shanghai Composite has fallen off to 6.7%. Iron and steel company Baoshan Iron Steel Co., Bank of China Merchants Bank announced a sharp decline in profits.
Baoshan Steel Company announced that in the global economy there is no significant recovery of internal recovery basis are not reliable, and it poses a threat to the metallurgical industry.
price of the shares of the fifth-largest bank of China market capitalization of China Merchants Bank fell after the announcement of the reduction of net profit the third consecutive quarter in April-June.
Yen went up against all the most actively traded currencies of the world after the Japanese media announced that the Democratic party won at least 308 of the 480 seats in the lower house of parliament in Japan.
Last Friday in the U.S. on 0,2-0,4% decreased indices of Dow Jones and SP 500, after investors began to sell shares of companies that depend on the economic situation in the least (so-called safety paper) .
However, falling stock price of a security offset by a rise in price of securities of companies Intel, Dell, and Tiffany, forecasts and income statements which were better than expected.
Among second-tier on the MICEX on Monday cheaper paper Sollers (RTS: SVAV) (-4,5%), Novolipetsk Steel (RTS: NLMK) (NLMK) (-3,8% ), Acron (RTS: AKRN) (-3,1%), Magnitogorsk Metallurgical Plant (RTS: MAGN) (CMI) (-2.8%).
grew up action Mosenergosbyta (RTS: MSSB) (10,2%), Pharmacy Chain 36.6 (RTS: APTK) (6,7%), TGC-5 (RTS: TGKE) (4,7% ), North-West Telecom (RTS: SPTL) (-4,4%), prefecture , Transneft (RTS: TRNF) (4,6%).
total volume of shares traded on the RTS Classic Market for the day totaled $ 13.55 million in Section RTS Standard turnover reached $ 150.56 million, on the MICEX exchange transaction volume has exceeded 35.67 billion rubles (the leader - the common shares of the Savings Bank - 10 , 38 billion rubles).
Analytical review of the Forex market for August 31 To keep her from the devaluation of …
Russia's stock market in August was able to get leaders in growth among BRIC
BP's first question, consider a bill to raise sotsstandartov
Kommersant: Hryvnia written off
Forex - results of the day
Forex - results of the day
Forecasts of analysts: Today «ox» continue to storm the 1,130 points mark for the MICEX
Actual resistance for the index MICEX - District 1115 points
Better the market today may look like shares of oil and gas sector and banks