Strong growth today are allocated shares of Norilsk Nickel, Uralkali and Severstal
By admin at 22 January, 2010, 10:09 am
Postnovogodnee Rally
Russia"s stock market opened the first trading day of the rapid and steady growth: domestic indices during the day added about 6% on the MICEX, and about 8% on the RTS.
Rally New in 2010 was quite understandable: while our country was on winter vacation, the western areas also had to add up to 3%. Well the holidays and look ADR Russian companies: MSCI Russia index rose by 2,2%. In general good feeling ADR themselves today: with the exception of some outsiders -VTB, RusHydro and Systems - the majority of papers kept in the black. Best here look Rosneft and Gazprom Neft, rising more than 4%, slightly lagging behind Norilsk Nickel, Luke and Tatneft, which are in positive territory on 2,3-26%.
At Russia"s stock market in the first trading day in the green zone out all the companies, except Rostelecom, non-market nature of securities which, incidentally, explains the movement of these shares against the overall trend.
support for domestic exchanges have and the price of oil, which once again renew the months of highs, very close to the mark 83 dollars /barrel. It is appropriate to recall the flagging on Forex on the major world currencies the dollar.
some support for international stock exchanges and have a verbal intervention by the world"s leading financiers. In particular, financiers of the U.S. Federal Reserve, which give quite a clear signal of support for high level of liquidity. In this connection it is worth recalling that the rapid growth areas in the past year, many economists have linked it with the influx of excess liquidity: instead of the real sector, investors preferred to send their money is on the financial markets.
Whatever it was, but today the domestic market grows, and grows very unevenly. Some blue chips are added to the range of 3-5%, other advantages of 6-7%, but most of this background knocked out Norilsk Nickel shares (10%), Uralkaliya (14%) and Severstal (16%). If interested Securities metallurgists, although with a stretch, but you can try to explain the common interest in the securities of companies in this sector (for example, for a vacation in Gainers Mechel out of paper), the rapid growth Uralkaliya difficult to explain: in this paper, many of the recommended record profit as a likely correction in the levels of resistance. However, today the company to easily overcome this barrier.
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