Interchanges summer rally is expected until 18-22 August, the growth potential of the Russian stock is estimated at 30% from current levels
By admin at 28 July, 2009, 12:13 pm
The Russian stock market continues to increase prices.
Leadership holding shares of the oil sector against the backdrop of renewed growth in world oil prices. Quotations of oil futures moved closer to its June peak, in the case of a puncture where the aim of the next level of growth could be $ 78.5-80.Industry MMVM Oil & Gas index overcame mark MA60. The growth index of 13 July has already reached 21%. The index of world stocks of oil companies during the same period grew by 14.5%.
growth is gradually in breadth, involving shares and other sectors, including and shares the second tier. Index RTS2 rising seventh consecutive session.
The positive dynamics is observed also in the market of Russian debts. Yield-30 Russia 13 July fell from 7.9 to 7.37%. Sovereign spread Rossiya30-UST10Y is near minimum levels since last October.
Light technical correction last Friday, and at the close on Monday, show that the bulk of participants are not yet rushing to fix the result. The calculation is simple: America will continue to grow - do not stay on the sidelines and we will. Most global indices have already reached the level of new annual highs, while the Russian stock indexes do not reach to these levels by an average of 15%. We expect an outcome until the summer rally of August 18-22 and appreciate the growth potential of the Russian stock 30% from current levels.
To what extent will be able to realize the upside - it is not yet clear. Narrow year the market is rich in surprises.
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