Forecasts of analysts: Russia stock market opens without major changes, but in the morning, investors may take profits partially

 
  
 
 
  19.01.10 10:11 ;
 In

Monday, January 18, 2010, trading on Russian stock exchanges ended the growth of the major indexes. By the end of the trading session, the MICEX index rose 1.84% to 1479.53 points, the RTS index rose to 0.04% to 1581.72 points.

yesterday in the absence of trading on the American sites - in the country celebrated Martin Luther King Day - Russia, investors relied on the situation in Europe. Due to the positive dynamics of European trading, to the middle of the day indices RF confidently established in the positive territory and were able to update the highs of 2010.

the favorites yesterday were shares of telecommunications companies. Paper Uralsvyazinform went up by 3,02%, CenterTelecom “- on 2,78%,” Tattelekoma “- on 1,91%,” Sibirtelecom “- on 1,35%.

Also in anticipation of strong demand reporting Citigroup shares of the banking sector. Quotations “Sberbank rose 2.34%, VTB - on 0,54%.

several oil and gas sector has lagged behind the “industry”, where the leaders of the growth came paper MMK, Severstal, which quotations have added more than 6%.

In the evening session on FORTS the March futures on the RTS index has grown by 0,191% to 159,710 items. Futures for shares of Gazprom, Lukoil and Sberbank added at 0.355%, 0.37% and 0.187% respectively.

As a result of ADR trading prices for Russia”s actions amounted to (in one receipt): VTB (Eng) - 5,1, Gazprom (Eng) - 25,65, Lukoil (Eng) - 58,8, Nor. Nickel (Eng) - 16,93, Rosneft (Eng) - 9,2, Surgutnfgz (Eng) - 9,45, Mobil TeleSystem (USA) - 50.47, Rostelecom (USA) - 27.35, Vimpelcom (USA) - 19,95, Mechel Steel (USA) - 24,8.

the morning of Tuesday the course of pair euro /dollar at Forex stands at 1.4403. Oil prices slightly adjusted after yesterday”s significant growth. The March futures for Brent crude traded at $ 76.69 a barrel, Light - $ 78.33 per barrel.

Asian sites were traded today in the “red zone” amid expectations of weak corporate reports of major companies. The value of the Japanese Nikkei fell by 0.831%. China”s Shanghai Composite Index lost 1,241%.

Thus, the background before opening the Russian Trading develops moderately negative. “Lower oil prices are likely to exert pressure on the paper oil and gas companies. Reduction in global demand for shares of the financial sector can adversely affect the securities of domestic banks”, - commented Denis Kruglov, an analyst with investment company “Finam”.

In the view of Paul”s head of the “IFC” Eurogreen “, Russia”s stock market will open without major changes, but in the morning, investors may be partially fixed at potyazhelevshih background papers that toss the MICEX index to 1470 points.” Now get back to work American sites, as well as forthcoming new statistic data and financial statements that stir the markets. MICEX Index reached new heights and to continue to move up it will be important to hold these positions, the resistance may be at the top mark of 1500, with support at 1460, where the market may move away, in case of unpleasant surprises. Nevertheless, the optimistic projections can count on a new round of growth “, - says the analyst.

Analysts “Moscow Stock Center” are waiting for multi-directional opening of domestic sites. “For Russia”s stock market develops in a neutral-positive external background. Now come reports Citigroup, which will be able to influence the bidding process. We believe that Russia”s market has a good chance to test this week, the level of 1500 points,” - they believe.

  

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