market is growing. And a slight pullback after a strong growth must be seen as an opportunity for a new approach
last two trading sessions brought Russia's stock market to new levels. A peak in September, which occurred near the consolidation of index MICEX and RTS, were punched, and stock indicators reached new heights. Similar pattern stock indicators also observed in Brazil. Actually, Russia together with Brazil, pulled the MSCI EM index to new heights. Investor interest in emerging markets continues to grow, inflows of capital markets persists. Investors continue to win both the growth of quotations and strengthening of national currencies.
At the western sites also saw the rise, but the result was just another pull of the German DAX, and the American S P500 to its peak years. Decisive steps to overcome them, or attempts to overcome, not yet. The dynamics of Western stock indicators, which, despite the optimistic corporate reporting season started over the ocean, has not yet reached the new price levels, forcing investors to doubt the reliability of growth in developing markets, including Russia. Agree, if America day after day, shifting the maxima of the stock indicators, higher and higher, then the pressure of domestic bulls would be incomparably stronger, and few people waiting for the correction. But the gap in growth across the United States, in our view, no reason to talks about the inevitable correction in Russia market. Dynamics of them in recent days is positive, and it is enough in our market remain optimistic.
After a 4% aqueous growth yesterday, today our market shares in a small correction. Small pause to stop and look around. Most blue chips are traded in the red zone, but not deep - within 2%. Rosneft looks a little worse (-2.2%). But this weakness is compensated Rosneft securities continued rise in shares of LUKOIL (1.4%). It is possible that in this case, we even have to deal with arbitrage between the two securities (sell Rosneft has grown and shifted in slightly delayed LUKOIL). At the 3% increase RusHydro shares, which after a long consolidation near the level of 1.05 rubles. Finally decided to catch up with the market. We recommend that you join the purchases in shares of hydro company. We also suggest a look at the shares Uralkaliya who wants to get out of the prolonged side views. Although there was no news on the company in recent times was not, in circumstances where the market is willing to pick up lagging in the dynamics of the paper is a lot of that and sometimes unreasonable prejudice rally in them.
We continue to look up the market, highlighting the two main sectors, there are significant growth potential - the oil industry and electric power. Recommend a medium-term investors to hold Longhi, and speculators still play on purchases.
| log in and see the material;;
4; user rated material on 2,2.
|
Analyst Ratings
|
While market participants are moving up the European currency, the probability of growth of other currencies, commodity markets and shares retained
Over the past week electricity consumption in Russia increased by 3,2%
In the 3 rd quarter of 2009 TMK pipe shipment increased by 15% to 716 thousand tons
Overview of the oil market for 08.10.09
Dollar depreciated - day review of the cash markets
Prosecutors opened a criminal case concerning the former head of the bank Nadra
Analysis of the Futures and Options on RTS Index
A conservative monetary policy of the ECB will further strengthen the euro
The last session on the London Metal Exchange ended the absolute victory of bulls.
Most blue chips are traded in the red zone, but shallow - within 2%
market is growing. And a slight pullback after a strong growth must be seen as an opportunity for a new approach
last two trading sessions brought Russia's stock market to new levels. A peak in September, which occurred near the consolidation of index MICEX and RTS, were punched, and stock indicators reached new heights. Similar pattern stock indicators also observed in Brazil. Actually, Russia together with Brazil, pulled the MSCI EM index to new heights. Investor interest in emerging markets continues to grow, inflows of capital markets persists. Investors continue to win both the growth of quotations and strengthening of national currencies.
At the western sites also saw the rise, but the result was just another pull of the German DAX, and the American S P500 to its peak years. Decisive steps to overcome them, or attempts to overcome, not yet. The dynamics of Western stock indicators, which, despite the optimistic corporate reporting season started over the ocean, has not yet reached the new price levels, forcing investors to doubt the reliability of growth in developing markets, including Russia. Agree, if America day after day, shifting the maxima of the stock indicators, higher and higher, then the pressure of domestic bulls would be incomparably stronger, and few people waiting for the correction. But the gap in growth across the United States, in our view, no reason to talks about the inevitable correction in Russia market. Dynamics of them in recent days is positive, and it is enough in our market remain optimistic.
After a 4% aqueous growth yesterday, today our market shares in a small correction. Small pause to stop and look around. Most blue chips are traded in the red zone, but not deep - within 2%. Rosneft looks a little worse (-2.2%). But this weakness is compensated Rosneft securities continued rise in shares of LUKOIL (1.4%). It is possible that in this case, we even have to deal with arbitrage between the two securities (sell Rosneft has grown and shifted in slightly delayed LUKOIL). At the 3% increase RusHydro shares, which after a long consolidation near the level of 1.05 rubles. Finally decided to catch up with the market. We recommend that you join the purchases in shares of hydro company. We also suggest a look at the shares Uralkaliya who wants to get out of the prolonged side views. Although there was no news on the company in recent times was not, in circumstances where the market is willing to pick up lagging in the dynamics of the paper is a lot of that and sometimes unreasonable prejudice rally in them.
We continue to look up the market, highlighting the two main sectors, there are significant growth potential - the oil industry and electric power. Recommend a medium-term investors to hold Longhi, and speculators still play on purchases.
4; user rated material on 2,2.
Analyst Ratings
While market participants are moving up the European currency, the probability of growth of other currencies, commodity markets and shares retained
Over the past week electricity consumption in Russia increased by 3,2%
In the 3 rd quarter of 2009 TMK pipe shipment increased by 15% to 716 thousand tons
Overview of the oil market for 08.10.09
Dollar depreciated - day review of the cash markets
Prosecutors opened a criminal case concerning the former head of the bank Nadra
Analysis of the Futures and Options on RTS Index
A conservative monetary policy of the ECB will further strengthen the euro
The last session on the London Metal Exchange ended the absolute victory of bulls.