The only sector in the market, remaining up to the day in positive territory, became the energy
Local maximum
morning external background before opening the Russian sites was moderately positive. Thus, support for market opening has a positive closure of key U.S. indices. Positive in overseas areas due mainly to expectations of positive statements for the third quarter, a season which was open publications reporting company Johnson Johnson, which surpassed analysts' expectations for earnings per share by 7 cents. Also supporting the market could have a positive closure of most Asian sites. In particular, the Chinese Shanghai Composite showed an increase in the level of 1,44%, against a background of weakening the yen and raise the recommendations of brokers for stocks steel and financial companies. Just before the opening of the price of crude oil Brent, despite a small correction in relation to yesterday's levels were near annual maxima at $ 71.2 per barrel.
However, after a small growth on the opening of Russia's market has already dropped to noon in the red zone, having lost up to 2.7% on the day of the MICEX Index and 1.96% on RTS. The reduction proceeds smoothly front practically all blue chips. It is particularly noteworthy that the decline took place against the backdrop of higher oil quotes, which, on the levels reached $ 73.3 per barrel mark Brent. The only sector in the market who are in positive territory, the ball now generation. The growth of this sector may be due to a significant backlog in the sector throughout the year and expectations of the reduction of investment programs. Top gainers were made of paper OGK-5 (10,28%), OGK-3 (6.63%), OGK-2 (5.70%). In general, in my opinion, the market ended at a local maximum and most likely in the coming weeks we can see a significant correction. Correction may be due to withdrawal of oil from the line of resistance to the bottom of the range and sell to overseas sites, due to an overheated market and does not meet the expectations of investors facing accounting firms.
fundamental news on Russia's market is worth noting the publication of the operating results of the company magnet for 9 months of 2009. Magnet in September has opened 50 stores, bringing the total number of discoveries this year to 399. We believe that management forecasts of discoveries for the year would be fully justified. The most significant impact on share prices Magneto can now provide a number of factors: the offering price of shares of additional issue of the magnet (expected in late October - early November) and the financial results for the 3 rd quarter, where the focus of investors will be drawn to the company's ability to maintain the cost effectiveness in terms price competition. In general, we commend the performance retail magnet, however, believe that maintaining a stable sales dynamics and pace of opening retail outlets already built into share prices of the company. According to our estimates, target price of shares at the end of 2010 amounts to $ 46,3.
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Today, shares of energy companies jostle popular paper and enjoy good demand in the market
Net profit of OGK-3 IFRS for 1 half of 2009 rose 18% to 3.8 billion rubles
China can take part in construction in the territory of the RF high-speed rail lines
The euro /dollar rose in European session, more than 100 points and reached a level of 1.4873
Review of the precious metals market for 12.10.09
Vendors come to trade
Dollar depreciated - the evening review of cash markets
Kiev has lowered tariffs for public utilities from November 1, 2009
As a result of trading the MICEX currency market the U.S. dollar in the UTS with the calculations of tomorrow was 29.5284 rubles. per dollar
