Forecasts of analysts: On Thursday, Russia”s stock market will pick up to a peak with the beginning of the year, which will wait for convincing signals for the continuation of “rally”

 
  
 
 
  14.01.10 10:14 ;
 

On Wednesday, Russia”s stock market closed with slight increase. The best momentum was led by banking, coal mining and metallurgical sectors. Paper VTB rose by 2,34%, common and preferred shares, Sberbank climbed up to the auction on 1,89% and 0,97% respectively. Amid rising prices for nickel and copper shares of “Mechel” added 8,73%, Severstal - 6,57%. Shares Belon increased by 7,49% on the background of news that the company prepaid credit provided by VTB. In favorites were also the paper Raspadskaya (3,88%), the company will publish the preliminary operating results for the 4 quarter of 2009 and through 2009.

Shares of oil and gas companies have shown mixed dynamics against a background of continuing decline in oil prices: paper Gazprom lost 1.3%, Gazprom Neft - 1.68%, LUKoil - 0,6%, Rosneft added 0,38%, Surgutneftegaz “- 0,64%

developed an interest in securities of energy companies: “IDC Holding” (6,48%), RusHydro (4,13%), FGC (3.55%).

outsiders have fallen in price on the market 2,26% and 2,66% of paper “KAMAZ and AvtoVAZ”.

At the end of the day the RTS index rose to a mark of 1538.43 points, adding 0.17%. MICEX Index finished trading in the “plus” in 0.45% to 1434.02 points. During the evening session on FORTS the March futures on the RTS index had escalated to 155,800 items, adding 1.31%.

At the time of closing prices for Russia”s ADR shares (per receipt) were: VTB (Eng) - 5,02, Gazprom (Eng) - 25,65, “LUKOIL” (Eng) - 57,5, Norilsk Nickel (Eng) - 15,85, Rosneft (Eng) - 9,09, Surgutneftegaz (Eng) - 9,47, MTS (USA) - 51.42, Rostelecom (USA) - 27 , 35, Vimpelcom (USA) - 20,61, Mechel Steel (USA) - 22,91.

on American sites in the observed growth of quotations: on the basis of trades Dow-Jones index rose by 0,5%, SP - on 0,83%, Nasdaq - on 1,12%. Positive attitude of market participants contributes to the expectation of publication of good financial reporting by U.S. companies on the basis of the past quarter.

the Asian markets on Thursday, reigning optimism: The Japanese Nikkei index rose 1.61%, China”s Shanghai Composite index added to the present time, 1,35%. Pleasant surprise bidders data on the growing number of jobs in Australia, exceeding the forecast by more than three-fold. Customers also supported by positive data on unemployment in Australia, which decreased to 5,5% from 5,6%.

The March futures for Brent crude stood at $ 79.08 per barrel, Light - $ 80.31 per barrel.

Currency

pair euro /dollar in the morning on the Forex stands at 1.454.

Thus, this morning”s background is positive for Russia”s stock market, and the opening of domestic sites is expected with a gap up. Experts note that the fact that the “bulls” can not resist the cheapening of oil, as well as an increase in trading volumes indicate a fairly strong positive investor sentiment that could lead to more steady growth of quotations in the presence of support from oil prices or foreign corporate reporting. “For commodity quotes a significant factor today may become a macro-economic statistics. If oil prices will again rise above $ 80 a barrel, it could help oil and gas sector securities to grow, because the last time some of them look worse than the market. At the same time, it is likely to continue the demand for issuers steel and banking sectors, after the eve of the American investment banks raised their recommendations on them, “- says Ekaterina Belova analytical department FG” private attorney “.

According to Stanislav Savinov, analyst IK “Finans-Invest”, on Thursday Russia”s stock market will pick up to a peak with the beginning of the year, which will wait for convincing signals for the continuation of “rally”. “In the morning quotes the most liquid securities will occur in 0.5-1% higher values of the previous day”s close, allowing the MICEX index after opening to settle in the zone of 1445-1455 points. After the opening of the high and manifestations of residual optimism with the gamblers are likely to prevail in part a desire to lock in profits that results in the lateral dynamics of the market with a bias to fall until the day before the release of data “, - the expert believes.

In

16-30 Moscow time today, will be published data on retail sales and applications for unemployment benefits in the United States. Also today, the European Central Bank will decide on key interest rates in the region (15:45 Moscow time.). “From the regulator does not expect any surprises, the refinancing rate in the euro zone will remain at 1%. The greatest interest will be a subsequent press conference of the ECB, where investors will try to catch the comments of Jean-Claude Trichet hints at further actions of monetary authorities in the folding of non-traditional incentives. While something concrete from the cautious ECB President, we are unlikely to hear “- analyst FG” Kalita-Finans “.

  

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