Last week the Russian stock market was a welcome correction. At the end of the week MICEX index lost 10.65% and the RTS index fell by 10.28%. In doing so, the two indexes managed to stay at level above 1000 points. The main reason for reducing the quotations of Russian securities is the desire of investors to record profits after strong growth over the past five months. Additional pressure on share prices has again FSFM decision to allow short selling, which took advantage of the players who play for a fall. In addition to the global markets were again prevalent pessimistic mood of investors that the acute phase of crisis has been overcome. Oil prices continued to fluctuate at the level of $ 70 per barrel, but it was unable to provide adequate support for the Russian Market.
At week's summit was held in Yekaterinburg, BRIC countries, but to theoutcome of the summit meeting was not made any major statements on reforming the global financial system, so the event does not have a material impact on the course of the trading week. Quotations securities of oil and gas companies on the basis of weeks have shown average decline, however, that managed to close in the black paper Gazpromnefti (2,50%), due to the closure option for the issuer of the securities in foreign markets. The leader falls to the outcome of the week were shares GMK NorNikel (-20%) - the reduction in world prices for nickel for the same time for 5%.
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Analyst Ratings
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The IMF welcomed the crisis measures taken by the Government of Uzbekistan
Analysis - Results of the day
To banks offer incentives for credit
Funds closely deposits
Volatile trading ended on Friday at the Russian sites multidirectional closing indexes
The Russian market for the past week accelerated in its fall, RTS index Breaks level in 1000 items
In the near future is likely a relatively sharp turn the current negative trend
Futures on the RTS index gained 1.02% today and closed on the value of 100 000 points
The banking sector is not met expectations of analysts and looked worse than the market
The leader of the fall in the Russian market on the basis of the week were shares GMK NorNikel
Last week the Russian stock market was a welcome correction. At the end of the week MICEX index lost 10.65% and the RTS index fell by 10.28%. In doing so, the two indexes managed to stay at level above 1000 points. The main reason for reducing the quotations of Russian securities is the desire of investors to record profits after strong growth over the past five months. Additional pressure on share prices has again FSFM decision to allow short selling, which took advantage of the players who play for a fall. In addition to the global markets were again prevalent pessimistic mood of investors that the acute phase of crisis has been overcome. Oil prices continued to fluctuate at the level of $ 70 per barrel, but it was unable to provide adequate support for the Russian Market.
At week's summit was held in Yekaterinburg, BRIC countries, but to theoutcome of the summit meeting was not made any major statements on reforming the global financial system, so the event does not have a material impact on the course of the trading week. Quotations securities of oil and gas companies on the basis of weeks have shown average decline, however, that managed to close in the black paper Gazpromnefti (2,50%), due to the closure option for the issuer of the securities in foreign markets. The leader falls to the outcome of the week were shares GMK NorNikel (-20%) - the reduction in world prices for nickel for the same time for 5%.
Your grade will be the first!
Analyst Ratings
The IMF welcomed the crisis measures taken by the Government of Uzbekistan
Analysis - Results of the day
To banks offer incentives for credit
Funds closely deposits
Volatile trading ended on Friday at the Russian sites multidirectional closing indexes
The Russian market for the past week accelerated in its fall, RTS index Breaks level in 1000 items
In the near future is likely a relatively sharp turn the current negative trend
Futures on the RTS index gained 1.02% today and closed on the value of 100 000 points
The banking sector is not met expectations of analysts and looked worse than the market