Bounce up, which enabled Russia to complete the auction index on Friday in the Green Zone, and may continue next week

 
  
 
 
  29.01.10 20:49 ;
 

On the negative external background domestic exchanges began trading Friday with a gap down, amounting to more than 1% on the MICEX index. In the first hours of trading in stocks have been leaders in reducing the steel companies: NLMK, MMC Norilsk Nickel, Severstal. During yesterday"s trading these securities were in demand by players and now corrected. Metallurgical Sector completely ignores the dynamics of the stocks of the largest mining company, yesterday against a background of 3% reduction of the sector in London, we grew up today in front of declining, despite the growth in Europe "- said a trader FC" Profit House "Igor Gromov.

positive start trading on the European sites did not improve the situation on Russian stock exchanges. Negative factors were more: Oil prices continued to fall, and the dollar - to grow. Today, the euro /USD has struck an important support level at 1.4, which opens the way to further reduce the European currency. "With regard to the euro, the potential of its decline has not yet been exhausted ... from assets denominated in European currencies remained relatively risk-free bonds only Germanic. But their market is markedly inferior to US Treasures of liquidity and volumes ... So that the euro - the most weak link "- the analyst in Bank" National Reserve Bank "Alexander Dem"yanovich. According to Igor Gromov, further strengthening of the dollar will constrain the growth of equity markets and adversely affect the oil. In this case, we see a further decline, including in our market.

the middle of the day Russia"s indexes managed to depart from the minimum daily marks. Investors, encouraged by optimistic projections investdomov large relative to GDP in the U.S. for 4 quarter, returned the indices in the "green zone". As leaders of growth at this time were the telecommunication and financial sectors.

Of the shares of oil companies in the positive zone traded Gazprom (2.11% in the day). The largest drop in the sector mentioned in the securities of Rosneft (-0,58%), Surgutneftegaz "(-1,35 %).

Left at 16.30 Moscow time on U.S. GDP data were better than expected. According to preliminary data, GDP grew by 5.7% (expected to increase by 4,7%). "Since this statistic is preliminary (before beginning the revised and final data), its impact on the market can only be seen as a short-term", - analyst IK"Financial Bridge". Nevertheless, against the background of these figures on Russia"s market formed a wave of purchases, supported at the very end of the session a positive start trading in the U.S.. As a result, the MICEX index closed at 1419.42 points mark (0,91 %).

"Now the majority of investors willing to pick up the paper at relatively low levels in the absence of an external negative. Thus, at next week"s domestic platform may be grow more," - experts say the IR "Financial Bridge".

According to the analyst "Absolut Bank" Ivan Fomenko, do not forget that Russia"s market was not yet on the levels that preceded his downfall in 2008. "The closer it is to these levels, the more difficult to grow. However, it is possible that in the near future be able to resume growth - a recession in the world economy is over, the positive trends should become more", - the expert believes.

Trades in Europe resulted in growth. Index of the London Stock Exchange FTSE 100 rose 0.83% and closed at 5,188.52 points. Index of the Paris stock exchange CAC 40 rose 1.37% and closed at 3,739.46 points. Index of the Frankfurt Stock Exchange Xetra DAX rose to 1,24% and closed at 5,608.79.

By 20.40 Moscow time, the March contract on Brent crude traded at $ 71.81 per barrel on crude oil Light - $ 73,22 per barrel

Dow at this time adds 0,26%, the index of SP is reduced by 0,003%, the index of Nasdaq - in the red at 0,32%.

In the evening session on FORTS futures on the RTS index decreases on 0,73% and amounts to 147,015 points. Futures for shares of Gazprom, Lukoil, Sberbank in the red at 0,79%, 0,5% and 0,41% respectively.

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Forex on the European session
Asha MOH plans to complete the modernization of steel capacity and begin to hot testing of new equipment
As leaders of growth on the basis of the day were shares of "Gazprom" and "InterRAO", adding more than 2%
Status of Russia"s total oversold market buyers returned to the bourses
At mid-day trading took place in the red zone in small volumes, but after the release of data on U.S. GDP Russia"s market has grown and left in plus
In 2009, the S7 Group ranked second in Russia by the number of passengers
Igor Sechin: The fifth and sixth hydroeld26ectric SSHGES will be launched in the 1 st quarter, their training is in full mode
Viktor Yanukovych intends to offer Russia, Europe and Ukraine to create a gas transportation consortium
USA: GDP growth is not even helped to support a full-fledged rally

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