Shares of Gazprom - one of the few leading papers that are now traded in the market better

consolidation before a new strong movement

On Monday, Russia"s stock market is in a depressed state. MICEX and RTS to 15 hours lost to 1,5% each. The leaders of today as the reduction of the oil sector stocks, led by Rosneft (-3,2%), which again has the worst dynamics among the shares of the oil sector. But thanks to good growth market MRK (MICEX TLC 1,75%) today can be called day signalers.

From experience we know that at the stock exchange there are no two identical trading sessions. However, today"s auction is very similar to Friday, when U.S. indices decline does not cause panic selling in other markets, and players are trying to buy on the expectation of reducing rebound in the U.S.. Our market to make it more difficult, especially against the backdrop of weak commodity prices: Brent $ 71,85 /barrel, copper $ 6665 /t; Nickel $ 18,250 /ton, and recommendations on the sale of some illiquid chips from Western banks.

, released the morning of Gazprom"s IFRS accounting for 9 months, showed the decrease in profit by 42% (588.83 billion rubles.). Net debt of the group grew by 44% and reached $ 1 trillion. 469 billion rubles. Despite the fact that the data on revenue and profits in general, exceeded market expectations, reporting on the fact remained not very pleasant part of the sediment in the operating performance and cash flows. Large volumes of its investment in the medium term will continue to reduce cash-flow companies. However, Gazprom"s shares are among the few leading securities traded today, better than the market (-0.1%).

Waiting for the rebound in overseas markets in early February - this is a major asset in the hands of players, staunchly retaining market sales. Neutral Dynamics of Trade in Asia and Europe once again confirms that investors see no reason to active sales, but game per bounce can turn out very good. Whatever it was, but the beginning of the month and week should bring to the market even before the consolidation of new and powerful movement. Her we now observe.

Indexes in Europe have grown on 0,8-1,4% on good reporting companies, statistics from the U.S.
In the near future Russia"s stock market will stabilize and continue to rise
Shares of Gazprom (0.6%) show better dynamics in the oil and gas sector, the reporting company revived investor interest in securities
Dmitry Medvedev approved the DOCTRINE food security RF
Asian stock markets continue to decline against the background of data on industrial production
Overview of the oil market for 29.01.10
Entry into force of the treaty on the transfer of banking data to the U.S. authorities
Russia"s GDP up to 2009 declined by 7,9%
Umansky Framed Tymoshenko

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