Forecasts of analysts: Russia”s stock market is waiting for the opening downward movement within the course of the day trades can be adjusted with data from the U.S.

 
  
 
 
  01.02.10 10:23 ;
 

On Friday, January 29, 2010, trading on Russian stock exchanges ended the growth of the major indexes with a strong data on the dynamics of the U.S. GDP for the IV quarter (U.S. GDP in the 4 th quarter of 2009 increased by 5,7%, which was the strongest pace of growth in 6 years ). By the end of the trading session, the MICEX index rose by 0,92% - to 1419.42 points, RTS - on 0,88% - to 1473.81 points.

Following the session, shares of oil and gas companies were under considerable pressure and finished the day different direction. In leaders were shares of Gazprom and LUKoil, "added 1,85% and 2,27% respectively. Quotes Gazprom rose on news of the settlement of the conflict with Poland. Papers of "LUKOIL" was added to the price of information about the discovery of new deposits in the Perm region. They fell into the price of securities of Rosneft (-0,58%) and Surgutneftegaz (-1.35%).

Shares

steel companies dropping the pressure of potential correction in prices for steel products: Severstal (-0.2%), NLMK (-0.8%), MMK (-0,5 %).

In the evening session on FORTS futures on the RTS index fell by 1.621% and amounts to 145700 points. Futures for shares of Gazprom, Lukoil, Sberbank in the red at 1.132%, 1.296% and 1.329% respectively.

on American stock exchanges on Friday observed the negative dynamics of bidding, the reason for this was weak reporting companies. Disappointed bidders with the results Chevron and Sandisk Corp. As a result, Dow-Jones index fell by 0,525%, SP - to 0,983%, Nasdaq - to 1,452%. As a result, the value Dow-Jones reached the level of 10,067.33 points, SP - 1073,87, Nasdaq - 2147,35 points.

Monday morning rate of pair euro /dollar at Forex stands at 1,388. According to analysts, the strengthening U.S. dollar continues to put pressure on commodity markets: Brent oil futures approached the mark of $ 71 a barrel. The March futures for Brent crude traded at $ 71.45 a barrel, Light - $ 72.84 per barrel.

As a result of ADRs trading on Russia"s actions amounted to (in one receipt): VTB (Eng) - 5,02, Gazprom (Eng) - 24,61, Lukoil (Eng) - 55,6, Nor. Nickel (Eng) - 15,55, Rosneft (Eng) - 7,79, Surgutnfgz (Eng) - 8,48, Mobil TeleSystem (USA) - 47.78, Rostelecom (USA) - 27.35, Vimpelcom (USA) - 18,14, Mechel Steel (USA) - 19,79.

On platforms

Asia prevail mixed feelings, which is associated with a decrease in futures for U.S. indices. The value of the Japanese Nikkei rose by 0,068%. China"s Shanghai Composite Index lost 1,452%.

Thus, this morning background negative for Russia"s stock market. "According to our expectations, the continued decline of commodity stocks. The best of the market have a good chance to look telecom. Of the important statistics in the afternoon, expected to be published data on the costs of construction in the U.S. in December, the market expects slowdown in the fall" - thought Timur Khamitov, analyst at the investment company Finam.

According to Natalia Lessin from CC ALOR, at the opening of the MICEX index could test the lower boundary of the channel 1400 - 1405 points, where penetration of which the index can strive towards the mark of 1,345 points. "After a negative start trading on an index level of resistance will be the 21-day moving average - 1413 points. Within the course of the day trades can be corrected by the data on personal spending and income, and expenditure on construction. Prior to the auction in the United States will publish the results of Exxon Mobile. In addition to external factors and internal pressures will market news in the form of statements of "Gazprom" for 9 months of IFRS and reporting to Rosneft in 2009 by US GAAP ", - the expert believes.

Goals from Paul

"IFC Eurogreen believes that Russia"s stock market opening is waiting to move downwards, and the MICEX index will test support around 1400." At the end of the week a number of markets had gone below their supports, so this may attract attention pair EUR /USD, which is located in the area of support to 1,387. If this level is passed, then the probability is high that we find ourselves at the bottom, and the MICEX index may go to 1390 ", - analyst.

   Source:
   
    
   
  

 

"Aerosvit" can not meet
Today, leaders of decrease in the market of Russia will be the paper of oil and mining companies
In the next session of the market is expected to "Comma delimited with": MICEX index will be in the range 1360 - 1420 or 1370 - 1420 points
The focus today will be focused on the shares of Rosneft, the company will publish its financial results in 2009 by US GAAP
Technically the market of Russid3ba looks good, can not be said about the U.S. indexes, where the uptrend has been broken
In the coming days the attention of market participants are likely to be concentrated in the telecommunications sector
U.S. indexes and oil futures reached a strong support, which contributes to a reversal
If the "bulls" will keep the level of 1390 points on the MICEX index, it is to maintain hope for a turn and a new wave of upward movement
In the case of breakdown at the opening level of 1,390 points on the MICEX index, "Bears" will be used to storm 1365 points

Leave a comment