stock market of Russia completed a week on a minor note: the main index dipped 1.8% due to selling triggered by weak report Bank of America (BofA), as well as on the background correction of oil after takeoff yesterday.
The results of the auctions on Friday the MICEX index dropped to 1317.07 points (-1.83%), RTS index - to 1408.68 points (-1.79%), prices of essential chips have fallen on the stock exchanges on 0 ,8-5, 6%.
Futures on RTS Index fell to the underlying asset at 14.5 points, which suggests a moderately negative expectations of the players.
Last week the RTS index rose by 2,7% and the MICEX index - by 0,7%.
leaders of backsliding on Friday were bank stocks: Sberbank Russia (RTS: SBER) (-3,9% on the MICEX and the RTS -5,4%), VTB (RTS: VTBR) (-5,1% and -5,6% respectively).
also cheaper stocks of Gazprom (RTS: GAZP) (-2,3% on MICEX), Lukoil (RTS: LKOH) (-0,8%), Norilsk Nickel (RTS: GMKN) ( -3,1%), Rosneft (RTS: ROSN) (-1,3%), Gazprom Neft (RTS: SIBN) (-2,1%), Surgutneftegas (RTS: SNGS) (– 1,4%), Tatneft (RTS: TATN) (-2,7%).
grew up shares of Rostelecom (RTS: RTKM) (15,4%), and increase in prices of paper Polyus Gold (RTS: PLZL) (1,9%).
smallest loss among the oil industry has suffered a paper Transneft (-0,4% prefecture), which was supported released on the eve of a good company report under IFRS for the first half (net profit grew by 23%).
European indexes on Friday went to a minus (the FTSE fell by 0,8%), also dips in early trading in the U.S. (SP 500 index lost 18:45 to 1,3%).
Investors are not inspired Records of the Bank of America and General Electric for the third quarter, as well as economic statistics.
largest U.S. bank Bank of America recorded a net loss for the third quarter of $ 1 billion, or $ 0.26 per share (expected loss of $ 0.12 per share), bank receipts totaled $ 26.04 billion (expected $ 27, 65 billion).
General Electric Earnings from continuing operations in the third quarter of 2009 decreased by 51% - to $ 2.5 billion, or 22 cents per share, revenue declined by 20% to $ 37.8 billion (experts had expected profit of 20 cents per share and revenue of $ 39.66 billion).
In addition, net investment in U.S. assets of residents in August was slightly below analysts' expectations (inflows totaled $ 28.6 billion forecast at $ 30 billion). and the Michigan index of consumer confidence in the U.S. was worse than forecast (the index in October fell to 69.4 points from 73.5 points a month earlier, is expected to decline to 73.3 points).
total negative diluted strong data on industrial production in the U.S.: In September, had risen to 0.7% growth forecast at only 0.2%, and in August, industrial production increased by 1,2%, not 0.8% , as previously announced.
oil left in the minus after takeoff yesterday at a background of an unexpected reduction of commercial stocks of gasoline and oil refineries in the U.S. boot. Inventories of gasoline last week fell to 5.23 million barrels (by 2,4%) and amounted to 209.159 million barrels.
December futures on crude oil WTI to 18:45 IST on Friday was worth $ 77.77 per barrel (-0.4%), on the eve of November delivery soared to $ 2,4 (1,4%).
As the chief of analytical department IF Olma Vladimir Detinich, the rise in the stock market correction has changed on news from the United States.
If a day earlier on reports Goldman Sachs, which was better than expected, market participants reacted to profit-taking, after reporting weak Bank of America players had reason to reduce positions in the stock markets. However, in the late afternoon found cause to restore the position — data on industrial production in the U.S. were better than forecast , - he states.
MICEX last week once again updated the annual maximum value, reaching 1,382 points. Apparently, the MICEX index re-settled in the side band. This time it was limited to grades 1310-1370 points. These levels are relevant and at the next week. With a penetration of the lower boundary of decline may last until the 1250 points mark. Output from the top side views mean growth index in the region 1400-1450 points, but this option seems less likely, from a technical point of view, - says an analyst with Aton Natalia Vygodina.
In the coming week will come the two most important reports in the States: on Wednesday and Thursday will publish its financial results for the third quarter of 2009, Wells Fargo and Morgan Stanley, noted the analyst.
According to the analyst IFC Alemar Basil Konuzin, amid high oil prices and the dollar weakened domestic indices will be consolidated at the level attained at the expense of support for the oil industry, where you can make good account for half of Transneft (RTS: TRNF).
News Transfer in Inter RAO UES (RTS: IRAO) all shares of generating companies left the state after the liquidation of RAO UES of Russia, crossed from negative announced the suspension of trading in stocks RAO and can potentially lead to multiple capitalization growth companies, notes the analyst.
Analysts believe VTB 24 (RTS: GUTB) Stanislav Kleshchev, despite the correction of local shares, the potential for growth remains as the world's stages, and on Russia's stock market, so we continue to look up, relying in the first all the shares of commodity companies - the oil industry, metallurgy and producers of mineral fertilizers.
With regard to the shares in Inter RAO, from the standpoint of introducing any additional value for shareholders from the proposed transaction is not so clear, analysts say. The fact that the company will own minority stakes in generating companies, which will be nothing more than a financial investment. Thus, the transformation will happen RAO in a kind of fund investments in power generation. In addition, the value of the holding structure, usually has a considerable discount to the sum of the values of assets belonging to it, which is also not in favor of the shareholders of Inter RAO. Speculative growth potential in these papers is limited to a rate of 4 cent, to peak on Friday we were very close to him. In addition, speculation in shares of Inter RAO to remember that during the second week of November the stock trades on the MICEX they will be stopped for their conversion into shares of smaller denomination notes mites.
U.S. stock indices finished the auctions on Thursday on the new record for the last year after growth of stock quotes of companies of the oil sector, offset a reduction in the value of securities of banks.
In addition, Morgan Stanley analysts have begun an analysis of the shares of oil companies in the U.S., saying that they expect them to rise in price this year. The experts recommended to buy the paper Sunoco Inc., Causing their value rise by 10% - is the maximum rise for ten months.
At the same time, banks' share prices fell Oct. 15 after the publication of statements of banks Goldman Sachs and Citigroup, disappointed some investors. In addition, experts attribute this decline because investors record profits after a substantial increase in the financial sector in the previous day.
Cost
Goldman Sachs shares fell by 1,9%, despite the fact that the financial performance exceeded market forecasts. Bank's net profit in the third finkvartale totaled $ 3.19 billion, or $ 5.25 per share, the proceeds - $ 12.37 billion, analysts on average forecast at a level of $ 4.18 per share and $ 10.98 billion
Papers Citigroup have fallen in price for the day at 5%. Bank received a net profit of $ 101 million for the third quarter of 2009, but the per share recorded a net loss of 27 cents per share. During the third quarter, Citigroup completed the previously announced exchange of shares. This enabled him to record after-tax income of $ 851 million, but reduced the amount payable to holders of ordinary shares, at $ 3,1 billion In connection with this up to the quarter the Bank recorded a net loss per share.
Among second-tier on the MICEX exchange on Friday were the best performing stocks of Inter RAO UES (8.4%), Magnitogorsk Metallurgical Plant (RTS: MAGN) (5,8%), IDC Holding (4,5%), Volgatelekoma (RTS: NNSI) (3,9%).
Shares RAO in early trading on Friday rose by almost 30% (to 0.0384 USD.) on the news about the likely receipt of all shares of generating companies left the state after the reform of RAO UES of Russia, including on the balance of the Federal Grid Company (FGC UES) (RTS: FEES) and RusHydro (RTS: HYDR), which are estimated at $ 3,3 billion
cheaper paper OGK-5 (RTS: OGKE) (-5,7%), PIK (RTS: PIKK) (-5,7%), OGK-3 (RTS: OGKC) (-5 , 2%), bank Revival (RTS: VZRZ) (-4,9%), TGK-1 (RTS: TGKA) (-4,4%).
total volume of shares traded on the RTS Classic Market for the day amounted to $ 10.4 million in Section RTS Standard turnover reached $ 633.733 million, on the MICEX exchange transaction volume exceeded 80.9 billion rubles (leaders - ordinary shares of Sberbank - 26.683 billion rubles) .
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The stock market of Russia completed a week on a minor note, due to weak sales report BofA, the leaders rollback banks
stock market of Russia completed a week on a minor note: the main index dipped 1.8% due to selling triggered by weak report Bank of America (BofA), as well as on the background correction of oil after takeoff yesterday.
The results of the auctions on Friday the MICEX index dropped to 1317.07 points (-1.83%), RTS index - to 1408.68 points (-1.79%), prices of essential chips have fallen on the stock exchanges on 0 ,8-5, 6%.
Futures on RTS Index fell to the underlying asset at 14.5 points, which suggests a moderately negative expectations of the players.
Last week the RTS index rose by 2,7% and the MICEX index - by 0,7%.
leaders of backsliding on Friday were bank stocks: Sberbank Russia (RTS: SBER) (-3,9% on the MICEX and the RTS -5,4%), VTB (RTS: VTBR) (-5,1% and -5,6% respectively).
also cheaper stocks of Gazprom (RTS: GAZP) (-2,3% on MICEX), Lukoil (RTS: LKOH) (-0,8%), Norilsk Nickel (RTS: GMKN) ( -3,1%), Rosneft (RTS: ROSN) (-1,3%), Gazprom Neft (RTS: SIBN) (-2,1%), Surgutneftegas (RTS: SNGS) (– 1,4%), Tatneft (RTS: TATN) (-2,7%).
grew up shares of Rostelecom (RTS: RTKM) (15,4%), and increase in prices of paper Polyus Gold (RTS: PLZL) (1,9%).
smallest loss among the oil industry has suffered a paper Transneft (-0,4% prefecture), which was supported released on the eve of a good company report under IFRS for the first half (net profit grew by 23%).
European indexes on Friday went to a minus (the FTSE fell by 0,8%), also dips in early trading in the U.S. (SP 500 index lost 18:45 to 1,3%).
Investors are not inspired Records of the Bank of America and General Electric for the third quarter, as well as economic statistics.
largest U.S. bank Bank of America recorded a net loss for the third quarter of $ 1 billion, or $ 0.26 per share (expected loss of $ 0.12 per share), bank receipts totaled $ 26.04 billion (expected $ 27, 65 billion).
General Electric Earnings from continuing operations in the third quarter of 2009 decreased by 51% - to $ 2.5 billion, or 22 cents per share, revenue declined by 20% to $ 37.8 billion (experts had expected profit of 20 cents per share and revenue of $ 39.66 billion).
In addition, net investment in U.S. assets of residents in August was slightly below analysts' expectations (inflows totaled $ 28.6 billion forecast at $ 30 billion). and the Michigan index of consumer confidence in the U.S. was worse than forecast (the index in October fell to 69.4 points from 73.5 points a month earlier, is expected to decline to 73.3 points).
total negative diluted strong data on industrial production in the U.S.: In September, had risen to 0.7% growth forecast at only 0.2%, and in August, industrial production increased by 1,2%, not 0.8% , as previously announced.
oil left in the minus after takeoff yesterday at a background of an unexpected reduction of commercial stocks of gasoline and oil refineries in the U.S. boot. Inventories of gasoline last week fell to 5.23 million barrels (by 2,4%) and amounted to 209.159 million barrels.
December futures on crude oil WTI to 18:45 IST on Friday was worth $ 77.77 per barrel (-0.4%), on the eve of November delivery soared to $ 2,4 (1,4%).
As the chief of analytical department IF Olma Vladimir Detinich, the rise in the stock market correction has changed on news from the United States.
If a day earlier on reports Goldman Sachs, which was better than expected, market participants reacted to profit-taking, after reporting weak Bank of America players had reason to reduce positions in the stock markets. However, in the late afternoon found cause to restore the position — data on industrial production in the U.S. were better than forecast , - he states.
MICEX last week once again updated the annual maximum value, reaching 1,382 points. Apparently, the MICEX index re-settled in the side band. This time it was limited to grades 1310-1370 points. These levels are relevant and at the next week. With a penetration of the lower boundary of decline may last until the 1250 points mark. Output from the top side views mean growth index in the region 1400-1450 points, but this option seems less likely, from a technical point of view, - says an analyst with Aton Natalia Vygodina.
In the coming week will come the two most important reports in the States: on Wednesday and Thursday will publish its financial results for the third quarter of 2009, Wells Fargo and Morgan Stanley, noted the analyst.
According to the analyst IFC Alemar Basil Konuzin, amid high oil prices and the dollar weakened domestic indices will be consolidated at the level attained at the expense of support for the oil industry, where you can make good account for half of Transneft (RTS: TRNF).
News Transfer in Inter RAO UES (RTS: IRAO) all shares of generating companies left the state after the liquidation of RAO UES of Russia, crossed from negative announced the suspension of trading in stocks RAO and can potentially lead to multiple capitalization growth companies, notes the analyst.
Analysts believe VTB 24 (RTS: GUTB) Stanislav Kleshchev, despite the correction of local shares, the potential for growth remains as the world's stages, and on Russia's stock market, so we continue to look up, relying in the first all the shares of commodity companies - the oil industry, metallurgy and producers of mineral fertilizers.
With regard to the shares in Inter RAO, from the standpoint of introducing any additional value for shareholders from the proposed transaction is not so clear, analysts say. The fact that the company will own minority stakes in generating companies, which will be nothing more than a financial investment. Thus, the transformation will happen RAO in a kind of fund investments in power generation. In addition, the value of the holding structure, usually has a considerable discount to the sum of the values of assets belonging to it, which is also not in favor of the shareholders of Inter RAO. Speculative growth potential in these papers is limited to a rate of 4 cent, to peak on Friday we were very close to him. In addition, speculation in shares of Inter RAO to remember that during the second week of November the stock trades on the MICEX they will be stopped for their conversion into shares of smaller denomination notes mites.
U.S. stock indices finished the auctions on Thursday on the new record for the last year after growth of stock quotes of companies of the oil sector, offset a reduction in the value of securities of banks.
In addition, Morgan Stanley analysts have begun an analysis of the shares of oil companies in the U.S., saying that they expect them to rise in price this year. The experts recommended to buy the paper Sunoco Inc., Causing their value rise by 10% - is the maximum rise for ten months.
At the same time, banks' share prices fell Oct. 15 after the publication of statements of banks Goldman Sachs and Citigroup, disappointed some investors. In addition, experts attribute this decline because investors record profits after a substantial increase in the financial sector in the previous day.
Cost
Goldman Sachs shares fell by 1,9%, despite the fact that the financial performance exceeded market forecasts. Bank's net profit in the third finkvartale totaled $ 3.19 billion, or $ 5.25 per share, the proceeds - $ 12.37 billion, analysts on average forecast at a level of $ 4.18 per share and $ 10.98 billion
Papers Citigroup have fallen in price for the day at 5%. Bank received a net profit of $ 101 million for the third quarter of 2009, but the per share recorded a net loss of 27 cents per share. During the third quarter, Citigroup completed the previously announced exchange of shares. This enabled him to record after-tax income of $ 851 million, but reduced the amount payable to holders of ordinary shares, at $ 3,1 billion In connection with this up to the quarter the Bank recorded a net loss per share.
Among second-tier on the MICEX exchange on Friday were the best performing stocks of Inter RAO UES (8.4%), Magnitogorsk Metallurgical Plant (RTS: MAGN) (5,8%), IDC Holding (4,5%), Volgatelekoma (RTS: NNSI) (3,9%).
Shares RAO in early trading on Friday rose by almost 30% (to 0.0384 USD.) on the news about the likely receipt of all shares of generating companies left the state after the reform of RAO UES of Russia, including on the balance of the Federal Grid Company (FGC UES) (RTS: FEES) and RusHydro (RTS: HYDR), which are estimated at $ 3,3 billion
cheaper paper OGK-5 (RTS: OGKE) (-5,7%), PIK (RTS: PIKK) (-5,7%), OGK-3 (RTS: OGKC) (-5 , 2%), bank Revival (RTS: VZRZ) (-4,9%), TGK-1 (RTS: TGKA) (-4,4%).
total volume of shares traded on the RTS Classic Market for the day amounted to $ 10.4 million in Section RTS Standard turnover reached $ 633.733 million, on the MICEX exchange transaction volume exceeded 80.9 billion rubles (leaders - ordinary shares of Sberbank - 26.683 billion rubles) .
Hryvnia returns?
Despite the small rise in early October, the dollar continues to fall in price …
Litvitsky: Fall of Ukraine's GDP in the third quarter slowed to about 15%
Preliminary results of the autumn sowing campaign disappointing
Suggestions for an ideal budget
wishes of politicians and experts to the budget-2010 has already exceeded 85 billion, and this is only the beginning …
Indexes in Europe fell on Friday on weak accountability BofA and General Electric
The Ukrainian stock market on Friday stood in uncertainty on the background of negative dynamics of world sites
Yield Ukrainian Eurobonds this week reduced
Danilishin: Second wave economic crisis in Ukraine will not
Oleg Dubina: In our country, if it is good - it is not interesting if the bad - is yes!
While snowfall repairing damaged power lines, gas economy of the country was preparing to start …