Accelerating the reduction of quotations on the market of Russia in the coming days it is very likely

by admin on March 5th, 2010

On Friday, most of the trading session held at the MICEX index fluctuations in the range of 1390-1400 points, bringing thus the loss of around 1 percent to the previous close, and went into positive territory just after the United States at 16:30 IST significantly exceeded expectations Market data on GDP for 4 quarter 2009 As a result, the end of trading the MICEX index went up to intraday highs on Thursday and amounted to 1 419.42 points (0.92%).

In leaders on Friday were the restoration of telecommunications, which have continued to grow up shares of MRK (however, significant turnover were observed only in shares of Uralsvyazinform, ordinary 0,82% 3,12% preference), and the banking sector, where the ordinary shares of Sberbank and VTB was added to 1,5%. In the oil and gas sector more actively in the way of strong statistics in the United States responded to Gazprom”s shares (2.27%) and Lukoil (1.85%), while lagging in recent years the market shares of Rosneft completed the day in the red (-0.52 %). The only sector which is dominated by the correction mood was metallurgy, quotes, MMC Norilsk Nickel fell by 0.23%, within 1% of lost quotations Steel.

Expectations for today: after the close of trading on the MICEX becameclear that the positive reaction of international markets to the U.S. GDP was short - as a result of the U.S. indices and commodity prices in January completed the new local minima are reduced in the morning and Asian markets . Against this backdrop, Russia”s session will begin with the next motion to zone 1 390-1 400 items, which will resume “positional battle between bulls and bears. However, judging by the negative mood, which is dominated by global is becoming increasingly apparent, accelerating decline of quotations in the coming days it is very likely.

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