Today's sales in Russia are part of the technical correction after Monday rally

 
  
 
 
  04.08.09 20:27 ;
  Outside the background before the opening of Russia's bid on Tuesday formed a moderately positive, the U.S. indices finished bidding on annual peak, oil prices climbed above $ 70 mark.

However, after the rally on Monday the Russian market opens corrective movement down. In doing so, the greatest decline was evident among the most liquid shares. Sales also contributed to a slight decline in oil prices, as well as the negative dynamics of futures for U.S. indices. By 12.30 Moscow time the MICEX index lost 1.6% and stood at 1081.28 points. RTS Index added 0.01%, at 1068.12 points.

Most of yesterday's auction, the paper banking sector, have gone negativein the early hours of bidding. Published morning reporting VTB was significantly worse prognosis. As a result, shares of the Bank lost in the middle of the day more than 5%, the paper «Sberbank» falling to 2.8%.

lost around 3% by mid-session paper Uralsvyazinform, Gazprom oil and Uralkali.

But with oil prices adjusted paper and oil and gas sector: «Company» (-1,3%), «Gazprom» (-1,2%), «Surgutneftegaz» (-1%), «Rosneft» ( -0.8%).

corrective downward growth of the market shares allocated to the electricity companies. Stocks RusGidro, growth of which during the day, up to 8%, reacted positively to the semi-annual results of RSA. Net profit of the company during the reporting period increased by 2.3 times to 18.35 billion rubles. Following the RusGidro rvanuli top and FGC shares (3.8%). According to analysts VTB 24 Stanislav Kleshcheva possibly liquid securities sector, just catching up rapidly grown in recent market.

In the black traded shares also Rostelecom and Severstal (1.2%).

Despite the preponderance of sales in the course of the session, their volumes were small, which, according to analyst Absolut Bank Ivan Fomenko, shows the confidence of investors in the continued growth. «Overstocks are part of the technical correction - notes analyst CC« Alor »Natalia Lesin. - In addition, they were supported by external background: published statistics do not bring optimism to the market: data on personal income and spending were multidirectional, which contributed to the consolidation of world stock sites ».

RTS completed the bidding at around 1074.49 points (0.61%), the MICEX index closed at 1102.1 points (0.28%).

Today, the MICEX to the dollar gave 31.09 rubles for one euro - 44.78 rubles. Thus, the value of a basket bivalyutnoy now is 37.32 rubles. Rate euro /dollar is at a level of 1.44.

European trading platform finished in «red zone». FTSE index fell by 0.24%, DAX index lost 0.18%, CAC 40 index in the red at 0.04%.

Trades in the United States began with the decline of major indices in the one per cent. By 20.20 Moscow time the Dow adds 0.23%, the index of SP - 0,28%, the index Nasdaq - 0,1%.

By 20.20 Moscow time the September futures on oil brand Brent traded at around $ 74.04 a barrel, Light - 71.55 per barrel.

In the evening session on FORTS the September futures on the RTS index decreases on 0,18% at 94375 points. Futures for shares of Gazprom and Lukoil added 1,91% and 1,79% respectively, the futures on the shares of Sberbank in the black at 2%.

Futures on the SP is at a level of 1002.2 (0.15%).


  

    Source:
   
    
   
  

 

The cost of crude oil declines on Tuesday after falling stock markets
Inflation in Russia in July 2009 was 0.6%, from the beginning of the year - 8.1%
Kievvodokanal scares that turn off the water
By the end of the session, oil quotes have returned to levels of local maxima, which bulls bring the market into positive territory
Europe: negative reporting led to a correction in the markets
Toyota lowers annual forecast for the losses, despite the bad results of I quarter
Indicator RTS 2-up trades rose by 0.39% and closed the session at around 921.47, paragraph
United States: unassured growth against the backdrop of conflicting data
Kiev - the only city that remains a negative rating

This entry was posted in Main News. Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.

Post a Comment

Your email is never published nor shared. Required fields are marked *

*
*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>