Trade in the range
morning for Russian sites were marked by a positive external background. U.S. indices closed a good growth on the level of 1-1,5% in relation to Friday's close. Main increase was on the commodity and financial sectors. The reason for the upward momentum in addition to rebound by Friday and the growth of commodity futures, served as statistics of the service sector. The index of business activity in the U.S. service sector, which constitutes approximately 90% of GDP in September rose to 50.9 points from 48.4 points a month earlier, while the forecast of 50 points. In addition to positive from overseas, Asian area also closed mostly in the green zone.
same support to our main index for the whole day provided oil quotations. Thus, compared with yesterday's closing Brent added about 2% and has overcome the level of 69 $ per barrel. Thus, the domestic exchanges were able to return to the levels of early last week. In particular, the MICEX index gained more than 3%, while the RTS rose by more than 3,5%. It may be noted that the market already since mid-September is traded on the same level. Moreover, each new peak rebound MICEX index lower than the previous, which, in my opinion, speaks of the gradual sliding back into the market correction. On the other hand, the opposite pattern can be observed by analyzing the dynamics of the RTS, update local maxima in each subsequent rebound, which is explained by cheapening the dollar and the consequent increase in dollar prices. In general, in my opinion, way out of this range is likely to be negative. This is due to the inability of oil to further growth and enter the new range on the one hand, and unlikely to yield positive statistics from the states.
fundamental news in the second echelon include the possibility to reorganize TGC-9. Probable reorganization will be carried out by allocating a number of generating facilities of a separate legal entity. In our opinion, this information is clearly negative for the stock price of TGC-9, because shareholders will receive in addition to the shares of TGK-9, which will lose about half capacity, illiquid shares of JSC. In this regard, the recommendation on the securities of TGC-9 at the moment to sell.
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Analyst Ratings
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Russia market is at the maximum of this year, most likely, it will be adjusted downward
Dmitry Medvedev: The development of nanotechnologies in Russia before 2015 will be allocated 318 billion rubles
Markets have already forgotten about the correction of the euro-dollar
Review of the precious metals market for 05.10.09
Dollar depreciated - the evening review of cash markets
Better the market today at the RTS stock exchange looked the most liquid securities businesses of oil and gas and metallurgical
As of 18:00 Moscow time the volume of trading on the MICEX Stock Exchange amounted to 166.01 billion rubles
Look significantly better than the market shares of Polyus Gold, which weight by about 5%
Prices EUR /USD pair move to the 1.4760 resistance level
Information on the possible reorganization of TGK-9 is clearly negative for the stock price of the company
Trade in the range
morning for Russian sites were marked by a positive external background. U.S. indices closed a good growth on the level of 1-1,5% in relation to Friday's close. Main increase was on the commodity and financial sectors. The reason for the upward momentum in addition to rebound by Friday and the growth of commodity futures, served as statistics of the service sector. The index of business activity in the U.S. service sector, which constitutes approximately 90% of GDP in September rose to 50.9 points from 48.4 points a month earlier, while the forecast of 50 points. In addition to positive from overseas, Asian area also closed mostly in the green zone.
same support to our main index for the whole day provided oil quotations. Thus, compared with yesterday's closing Brent added about 2% and has overcome the level of 69 $ per barrel. Thus, the domestic exchanges were able to return to the levels of early last week. In particular, the MICEX index gained more than 3%, while the RTS rose by more than 3,5%. It may be noted that the market already since mid-September is traded on the same level. Moreover, each new peak rebound MICEX index lower than the previous, which, in my opinion, speaks of the gradual sliding back into the market correction. On the other hand, the opposite pattern can be observed by analyzing the dynamics of the RTS, update local maxima in each subsequent rebound, which is explained by cheapening the dollar and the consequent increase in dollar prices. In general, in my opinion, way out of this range is likely to be negative. This is due to the inability of oil to further growth and enter the new range on the one hand, and unlikely to yield positive statistics from the states.
fundamental news in the second echelon include the possibility to reorganize TGC-9. Probable reorganization will be carried out by allocating a number of generating facilities of a separate legal entity. In our opinion, this information is clearly negative for the stock price of TGC-9, because shareholders will receive in addition to the shares of TGK-9, which will lose about half capacity, illiquid shares of JSC. In this regard, the recommendation on the securities of TGC-9 at the moment to sell.
High profitability -the result of a successful trading strategy. Choose the appropriate strategy in the Trade Center.
Your score will be the first!
Analyst Ratings
Russia market is at the maximum of this year, most likely, it will be adjusted downward
Dmitry Medvedev: The development of nanotechnologies in Russia before 2015 will be allocated 318 billion rubles
Markets have already forgotten about the correction of the euro-dollar
Review of the precious metals market for 05.10.09
Dollar depreciated - the evening review of cash markets
Better the market today at the RTS stock exchange looked the most liquid securities businesses of oil and gas and metallurgical
As of 18:00 Moscow time the volume of trading on the MICEX Stock Exchange amounted to 166.01 billion rubles
Look significantly better than the market shares of Polyus Gold, which weight by about 5%
Prices EUR /USD pair move to the 1.4760 resistance level