Last week, the market share was a modest increase across the spectrum of liquid securities. MICEX and RTS indexes progressively reached the psychological mark of 1000 points and overcame them by the end of the week. You can definitely say that the downward adjustment to the spring growth, which lasted one and a half months on the market, has ended. The moment about the definition of directions of further movement. However, this may require not less than a month until the market will get used to current prices and will not be aware of the facts that many market participants expected a strong drop in July, has not taken place.
Last week the leaders of growth among the blue chip stocks have become the Norilsk Nickel, which added about 16 percent of Gazprom shares, and with an increase of 14 per cent. In the second level of liquid rise in the price of metals has led to strong growth stock Metallurg such as CIM and NLMK (about 17 per cent).
all blue chips on the basis of the week are positive, but outsiders are shares of electricity, such as FGC and Rusgidro, which is not supported by overall growth.
general trend is well visible on the given day schedule MICEX index. Top-down medium-term trend that began in the market in early June, was broken after a month and a half, in mid-July, after prices went up the line Bear trend (red line on the graph). Bears definitely stumbled on the very serious global support at 870 points (blue line on the graph). After a failed attempt to continue to decline, the index formed on the bottom course and already this week, successfully overcame the psychological mark of 1000 points.
However, in spite of the positive background in the oil market, which last a couple of weeks fuels bychi mood in our actions, the growth continues only on the strong positive momentum in the U.S. stock market. In the absence of good news from there, the market quickly falls into apathy, and paper, as a result, begin to come in a range of low magnitude vibrations.
However, a strong desire to fall there, so if the external background will not give rise to a strong reduction, lateral dynamics may prevail next week.
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Overview of the oil market for 23.07.09
Major world markets once again rush to new heights
STAU: In Ukraine there are up to 17 loss-making banks
AMCU 3 suspects in the company of anticompetitive actions in the market of liquefied gas in the Rivne region
Factor Friday reverse the growth of futures on U.S. indices and the positive dynamics of oil, resulting in sales of steel to prevail
In general, the positive mood in the market, it is possible that the upward movement in commodity and stock markets will continue
CFR: The proposal to transfer the metallurgists of scrap in the Class 1 rate will lead of about 4.5 billion rubles of losses in year
Market zadergalsya but growing appetites for risk does not fall euro
The course has increased the dollar - the evening review of cash markets
Blue chips on the basis of the week are in the black, the outsiders - shares of electricity, such as FGC and RusGidro
Last week, the market share was a modest increase across the spectrum of liquid securities. MICEX and RTS indexes progressively reached the psychological mark of 1000 points and overcame them by the end of the week. You can definitely say that the downward adjustment to the spring growth, which lasted one and a half months on the market, has ended. The moment about the definition of directions of further movement. However, this may require not less than a month until the market will get used to current prices and will not be aware of the facts that many market participants expected a strong drop in July, has not taken place.
Last week the leaders of growth among the blue chip stocks have become the Norilsk Nickel, which added about 16 percent of Gazprom shares, and with an increase of 14 per cent. In the second level of liquid rise in the price of metals has led to strong growth stock Metallurg such as CIM and NLMK (about 17 per cent).
all blue chips on the basis of the week are positive, but outsiders are shares of electricity, such as FGC and Rusgidro, which is not supported by overall growth.
general trend is well visible on the given day schedule MICEX index. Top-down medium-term trend that began in the market in early June, was broken after a month and a half, in mid-July, after prices went up the line Bear trend (red line on the graph). Bears definitely stumbled on the very serious global support at 870 points (blue line on the graph). After a failed attempt to continue to decline, the index formed on the bottom course and already this week, successfully overcame the psychological mark of 1000 points.
However, in spite of the positive background in the oil market, which last a couple of weeks fuels bychi mood in our actions, the growth continues only on the strong positive momentum in the U.S. stock market. In the absence of good news from there, the market quickly falls into apathy, and paper, as a result, begin to come in a range of low magnitude vibrations.
However, a strong desire to fall there, so if the external background will not give rise to a strong reduction, lateral dynamics may prevail next week.
1 users rated material at 2.
Analyst Ratings
Overview of the oil market for 23.07.09
Major world markets once again rush to new heights
STAU: In Ukraine there are up to 17 loss-making banks
AMCU 3 suspects in the company of anticompetitive actions in the market of liquefied gas in the Rivne region
Factor Friday reverse the growth of futures on U.S. indices and the positive dynamics of oil, resulting in sales of steel to prevail
In general, the positive mood in the market, it is possible that the upward movement in commodity and stock markets will continue
CFR: The proposal to transfer the metallurgists of scrap in the Class 1 rate will lead of about 4.5 billion rubles of losses in year
Market zadergalsya but growing appetites for risk does not fall euro
The course has increased the dollar - the evening review of cash markets