On the positive territory were able to close today Polyus Gold and Norilsk Nickel

by admin on October 20th, 2009

The bulls could not hold the market in the plus

Trading on the Russian sites have opened growth of quotations. External background allowed bulls to bring the market to new highs, but on reaching the level of 1388.78 on the MICEX Index, the market began to decline, the reason for which was deteriorating external background. Going down to the level of previous day's close, quotes left in the lateral motion. Attempts to bull to keep the index in positive territory failed, before closing the new wave of sales, against the background of the dynamics of American markets, covered markets and led him to the negative territory. In leaders of reducing common and preferred shares of Rostelecom, lost 5,9% and 7,2% respectively, the company which amounted Gazpromneft (-2.4%) and Lukoil (-1.5%). On the positive territory were able to close Polyus Gold (2.6%) and Norilsk Nickel (1.1%). As a result of trades on the MICEX index fell 0.26%, ending the day at 1,361.75 points.

support that the external background provided by our sites, to the end of the trading subsided. Thus the main negative came from the housing market, which demonstrated reduced as applications for building, and laid the foundations of new houses. But American companies that continue to report it on the results for the third quarter, better than expected, continue to support the equity markets. If this trend continues, then tomorrow's opening of the market in Russia can once again pass on the positive territory, due to reports of U.S. companies who will come after the closing of U.S. markets.

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Analyst Ratings


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Parliament increased the minimum wage to 669 hryvnia per month to 922 hryvnia per month in 2009-2010
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