In the best performing Tatneft, VTB and Sberbank , added 4.7%, 3.9% and 3.8% respectively
By admin at 27 July, 2009, 6:09 pm
Positive momentum continues
The opening bid at the Russian sites have passed in the positive dynamics. Bulls was able to withdraw the MICEX index to a new local maximum, which contributed to the growth of futures on U.S. indices and energy prices. After a brief correction, the market was able to drill down and start a new wave of upward movement, which by mid trading session, led the index to the daily max. In the best performing Tatneft, VTB and Sberbank , added 4.7%, 3.9% and 3.8% respectively. Worse market paper Gazprom oil (1.7%) and Polyus Gold (1.4%). By 15.00 the MICEX index rose by 2.8%, reaching a level of 1055.63 points.
External background continues to maintain a positive mood among the Russian players. Exit stamps Brent crude oil prices above 70 dollars per barrel, a good sign for the players and now the market is expected to test local maxima, the passage which may give new impetus to the growth of our market. From the news today, the background players pay attention to the accountability of American companies and data on sales of new homes in the U.S. (New Home Sales, expected 352 thousand, the previous value of 342 thousand) for June, which will be at 18.00 Moscow time.
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