In Russia”s market under the effect of falling oil prices continue to sell, the negative dynamics can be preserved until the end of the day

by admin on March 6th, 2010

 
  
 
 
  01.02.10 13:41 ;
 

On Monday the gap down at the opening of Russia”s market was about 1% on the MICEX index. Further decrease in the indices a bit slower: to tell the positive dynamics of futures for U.S. indices. By 13.00 Moscow time RTS index has decreased on 0,53% and amounts to 1466.03 points and the MICEX index was 1410.58 points (-0.63%). In Europe major indexes traded in the “Comma delimited with”: the FTSE rose by 0.15% to 5,196.18 points, on the DAX index rose 0.02% to 5,610.02 points, the CAC 40 index was 3,730.34 points (-0.24%). Futures on the SP added 0,47% and is at the level of 1075.5 points.

dollar exchange rate to the ruble on the Moscow Interbank Stock Exchange now stands at 30.41 rubles. Cost currency basket fell to 35.72 rubles (35.85 rubles on Friday morning). “The possibility of the outcome of further depreciation of the ruble in the foreign exchange market in the medium term remains,” - says chief economist UK “Finam Management” Alexander Osin. Currency pair euro /dollar is on a mark 1,3902.

leader in growth in a declining indices were representatives of the telecommunications sector. Ordinary shares of North-West Telecom, preferred and common stock “Volgatelekoma and Uralsvyazinform added today 8,2%, 4,9%, 5%, 7,12% and 4%. On Friday, federal media published information that the management of telecommunications holding Svyazinvest in early February 2010 for the first time to discuss the methodology of calculation of exchange of shares of Rostelecom shares regional telecommunications company, part of the holding.

worst market traded shares of oil and gas companies, the exception is only Gazprom be added 0,25%. Rosneft lost 1,83%, “LUKOIL” is reduced by 1.44%, Surgutneftegaz - on 1,22%.

banking sector is trading on a par with the market: paper VTB cheaper at 0.53%, Sberbank - on 0,78%.

By 13.20 Moscow time, Russia”s ADRs for shares in London (in dollars per share) are: “LUKOIL” - 54.8 “Norilsk Nickel” - 153.9, Rosneft - 7.633, “Rostelecom” - 4.913, Gazprom - 6.202 .

By this time, the March futures for Brent crude traded at $ 71.81 a barrel, Light - $ 73.22 per barrel. “The reality on the oil market is not encouraging to investors. And although this year marks a particularly cold winter, demand for petroleum products continues to remain at record low levels,” - noted experts IK Eurofinances.

Against this background, the end of the day, according to most experts on Russia”s market will be dominated by negative dynamics, the sale will be held in small volumes, which may increase towards the end of the session. This will contribute statistic data published in the United States. “We wanted to draw attention to the pressing need to rebound on the U.S. market after a prolonged decline, it will be possible when the output of good data on personal incomes and expenditures and expenditures for the construction of the United States. On the positive case, Russia”s market at the end of the session may also receive considerable support” - analysts say IR “Financial Bridge”.

“At the moment, the stock and commodity markets are looking oversold, and it is quite possible a quick rebound in their prices, due to rising interest in risky assets in the world” - the analystb76IG “Vestiga Dmitry Dorofeev.

  

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