Russia Market opens today with a gap down in the range 1,5-2%

Trading on Russian sites on Friday were under the influence of a fairly saturated external background. The opening was quite obscure, but even for dinner indexes updated highs of 2010. This was followed by a correction. Reporting JP Morgan came very controversial, explicit signals to the growth and did not give the American makrostatistika. As a result, Russia”s market, until then resisted against world trends, yet gave up and rolled down. MICEX Index on the basis of the day fell by 0,2% and amounted to 1,452.7 points.

Quotations “black gold” have continued to decline, by the end of the day fallen to a level of $ 77.8 on the sort of Brent, which put pressure on the paper”s oil and gas sector. Shares Surgutneftegaz and Gazpromneft lost 0,7% and 0,8% respectively. Gazprom reduced the capitalization of 1,6%. Better the market looked like Tatneft, Lukoil and Rosneft, adding 0,2-0,8%.

Steel sector adjusted after several days of growth. Paper Severstal fell 1.4%, NLMK - by 3,3%, MMK - by 0,7%. MMC Nornickel lost 0,2% of capitalization.

Russia”s banking sector has not responded to the conflicting data from JP Morgan and looked stronger than the market. Sberbank added 0.7%, VTB rose by 0,4%.

The main interest of investors on Friday moved to the paper telecoms and energy. Rostelecom added 2.4% on ordinary shares and 9% for “preferred shares”. Papers OGK-5 went up by 1,5% and IDC Holding - by 5%.

Forecast
External background - moderately negative. At the world”s stock markets have been on a downward movement. U.S. indexes sunk within 1,2%, in Asia there OPPOSITE movement - some revenge after the fall helped the good data on industrial production in Japan. Oil continued its downward motion, barrel, London Brent is currently traded at $ 76,7. Against this backdrop, we expect that Russia”s market opened today with a gap down in the framework of 1,5-2%. Positive dynamics of the SP futures index may help in part to win back losses. However, the dynamics seen during the day due to weak output at American sites.

In the first round of presidential elections in Ukraine leader Viktor Yanukovych, the second position is Yulia Tymoshenko
The reason for thed8fsales today will decline in oil prices, resulting in oil and gas sector could reach the market outsiders
In the absence of ideas in the most liquid securities market participants can re-think of the shares of energy and telecom
In anticipation of new financial reports of fored6bign companies can leak the information that several enflame markets
Against the background of falling Asian sites opening Russian Trading today is expected in the “red zone”
In the middle of the day in Russia market can sluggish growth, the outcome of the auction to determine the dynamics of commodity exchanges
Futures on the RTS index for day and evening Friday lost about 0.7% recorded as at the mark of 155 185 points
Today the U.S. stock exchanges will be closed, so investors” attention will be focused on domestic fundamentals
External background moderately negative for the market of Russia, America closed lower, Asia traded mostly down