Forecasts of analysts: Today, players can take advantage of favorable commodity market conditions and to try to disperse the market for the New Year

by admin on January 18th, 2010

 
  
 
 
  28.12.09 10:11 ;
 

Russia”s stock market traded in Friday practice in splendid isolation - Catholic countries celebrate Christmas, and the western areas were closed, completed last week with no sudden movements.

main event of the day was the lowering of the Central Bank refinancing rate to the level of 8,75%, but this news has been generally expected, therefore, was virtually ignored by the market.

Shares of oil and gas companies look slightly better than the market: Rosneft (0.8%), Gazprom (0,7%), Surgutneftegaz (0.8%), LUKoil (0.4%), .

looked good preference shares of Sberbank, which after more than 3% aqueous reduction at the opening jumped up. At the end of the day quotes added 1,81%. Ordinary shares of the Bank grew by 0,02%. Paper VTB added 1,29%.

The leaders of growth left action “Volgatelekoma (7,81%), AFK Sistema (3,78%), Sibirtelecom (3,59%).

The outsiders were Paper “MRSC of North Caucasus” (-3.84%), TGK-9 (-3.2%), “Polymetal” (-1.6%), Aeroflot (-1.36 %) and Rostelecom (-1.28%).

At the end of the day the dollar RTS index rose to 0,02% to a value of 1450.52 points. The MICEX index rose by 0,438% to 1357.11 points. During the evening session on FORTS the March futures on the RTS index had escalated to 145,425 items, adding 0.07%.

On Friday, the American share platforms were closed.

Asian markets on Monday showing strong growth. Statistics on Japan in general, coincided with predicted values, showing the reduction of retail sales and industrial production growth, which reached a maximum of six months. Supported the markets and the optimistic outlook of the Government of Japan regarding the country”s GDP growth in the coming year. Japanese Nikke index rose to 1,33%, China”s Shanghai Composite index added to the present time, 1,47%.

The February futures for Brent crude stood at $ 77 per barrel, Light - $ 78.52 per barrel.

Currency

pair euro /dollar in the morning on the Forex stands at 1.438.

Thus, this morning”s background is positive for Russia”s stock market. “Christmas rally on the Russian stock exchanges took place, and we can not exclude the possibility that market participants can benefit from a favorable commodity environment, and try to accelerate the market for a new year. Among the potential favorites today, we can distinguish Norilsk Nickel and oil and gas sector”, - says Vladimir Sergievsky, strategist of investment company “Finam”.

According to Andrei Pashkova, Deputy Director General of the Criminal Code “Ugra-Finance, today it is not necessary to wait for the flow of funds to the area - three days later will come the New Year, and with it come new trading ideas. “Until the end of this year, the market likely will be traded at current levels, they will be able to support the closing of short positions in illiquid securities” - the expert believes.

“How tightened the MICEX index to 1400 points in the next few days, probably, will now only depend on the desire to correct the” failures “of recent days. That is what will determine because of significant economic reports this week are not expected (the index of consumer confidence will published on Tuesday, an application for unemployment benefits will play in 2010), which will determine weakness in Western stock markets. Today the agenda is empty, in the UK to the same share platforms will be closed, “- commented Stanislav Savinov, an analyst at SG Finans -Invest “.

  

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