Russia”s indexes show growth on the background of a favorable situation on world stock markets

 
  
 
 
  28.01.10 12:54 ;
 

Russia"s share platforms have begun trading today the major indexes higher, playing a favorable conjuncture of world equity markets. During the first minutes of trading the MICEX index added 1,16%, surpassing the mark of 1400 items, RTS index rose 0.75% to 1,457.17 points. Positive sentiment prevailing in the European exchanges, serve as support for Russia"s indexes. The FTSE rose by 0.782% to 5,258.276 points, DAX index rose to 1.31% to 5,716.88 points, the CAC 40 index was 3799.58 points (1.058%). Futures on the SP is in positive territory at 0,448%, at 1,099.5 points.

By 12.40 Moscow time the MICEX index rose by 2.105% and 1420.54 of the item, RTS index rose to 1.91% to 1474.05 points. Trading volume on the MICEX Stock Exchange is $ 2 034.17 million Major blue chips have risen in price on the stock exchanges of 1-2%.

The leaders of growth is once again rally the energy sector. Papers of "MRSC of North Caucasus" went up by 12,829%, "IDC Center and Volga Region" - on 4,40%, TGK-13 - at 4.930%, TAP-2 - on 5,63%.

look better market shares of oil and gas sector to rebound in world oil prices. By 12.40 Moscow time, the March futures for Brent crude traded at $ 72.81 a barrel, Light - $ 74,23 per barrel. Papers Gazprom went up by 1.53% in anticipation of reporting company for 3 quarter of 2009 under IFRS. Quotations rose Rosneft - by 1,6%, Gazprom Neft - on 2,61%, Surgutneftegaz - on 2,07%, "Tatneft" - on 2,11%.

Shares

LUKoil added 1,76%. American ConocoPhillips, which owns 20.6% stake in Lukoil, has estimated its share in the company"s net profit for 4 quarter 2009 at $ 388 million against losses of $ 7.41 billion a year earlier. Net profit of Russia"s company during the reporting period, according to ConocoPhillips, is expected to reach $ 1.9 billion, ConocoPhillips forecast financial results LUKOIL last quarter of 2009 will have no significant effect on the quotation of shares of the group: currently the focus of investors are not attracted to Corporate news for issuers, and to macroeconomic data coming from overseas. However, we continue to believe that the shares of LUKOIL is the best idea in Russia"s oil industry by the presence of a substantial undervaluation of the fundamental market concern - believe Denis Borisov Sergei Vakhrameev analysts of Bank of Moscow ".

only "red spot" on the market now are the shares of Seventh Continent ", quotes, decreased by 0,869%. Analysts believe that the negative impact on the quotation of these securities have a relatively weak market assessments of the dynamics of sales, as well as the lack of fresh financial reporting "Seventh Continent".

By 12.40 Moscow time, Russia"s ADRs for shares in London (in dollars per share) are: "LUKOIL" - 55.2 "Norilsk Nickel" - 155.5, Rosneft - 7.97, "Rostelecom" - 4.85, Gazprom - 6.125 .

In the view of analysts, improved dynamics, including the world"s stock markets, had little effect on the dynamics of the course the single European currency to the dollar. At the appointed time on the MICEX per dollar 30.3356 rubles provide for one euro - 42.5797 rubles. Thus, the value of currency basket is 35.7734 rubles. By 12:40 Moscow time the euro /dollar is at 1,403.

"It is possible that in the short run, overall easing of tensions on the segment of risky investments, yet will support the exchange rate of EUR /USD. However, the medium-term potential for further strengthen the USD exchange rate against the euro, against the backdrop of increasing European inflation and investment risks, and within a possible general trend of the U.S. currency on FX at the moment, is relatively high. The possibility of the outcome of further depreciation of the ruble of Russia in the foreign exchange market in the medium term remains. Correlation dynamics quotation EUR /RUB and EUR /USD at the same time indicates that, while maintaining the current the level of the relative value of the single European currency to the dollar, from the perspective of the coming weeks, the target level for the rate USD /RUB is a mark of 31 RUR. for USD ", - says Alexander Osin, chief economist UK" Finam Management ".

As for the prospects of Russia"s stock market, in view of Alexander Aspen, in the short term, the restoration of Russia"s market quotations will continue under the influence of published statements on the eve of U.S. President Barack Obama and the outcome of last Wednesday session of the FOMC. "The positive dynamics of the market as a whole, can support and statistics of U.S. GDP for the IV quarter. 2009, which will be released on Friday. Nevertheless, the rise in global inflation and investment risks continue to limit the possible growth of quotations, including index MICEX point perspective of the next few weeks "- the analyst believes.

important macroeconomic events of the day it is worth noting the data on the volume of orders for durable goods in December in the United States and the number of applications for unemployment insurance for the week ending Jan. 23.

  

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U.S. indexes rose on Wednesday on statements by the Fed to continue to stimulate the economy
At 13.00 Moscow time trade on the MICEX Stock Exchange amounted to 73.7227 billion rubles
In the course of the trading session effect on the dynamics of the stock market could have a weekly statistics on the U.S. labor market
Volatile changes in the currency market may be reflected in the sharp fluctuations of prices for precious metals
Speculative recomcf0mendation on shares of MMC Norilsk Nickel, Gazprom, Lukoil, Sberbank and VTB
The level of support for fixed-term contract on RTS index today - 142 800 points
In 2009, the Railways have invested 15.1 billion rubles in the construction and reconstruction of bridges and tunnels
During today"s trading in Asia reported a decline of the euro to a minimum $ 1.3935
Asian stock exchanges today are optimistic

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