The stock market capped a week of fall to the levels of the end of December - in the region 1400 points on the RTS
stock market of Russia completed the week of decline in the region 1400 points on the RTS index: Friday dominated sales against the negative dynamics of world oil platforms and because of fears that the crisis in the global economy is not over.
As a result of trades RTS and MICEX, fell back to levels of the third decade of December last year: the RTS index fell to 1411.14 points (-3.55%), the MICEX index - up 1355.64 points (-2.88%) , the main chips have fallen in price on the stock exchanges to 2-5,6%.
week the RTS index sank 4.3% and the MICEX index - by 4,5%.
Futures on RTS Index on Friday rose to the underlying asset by only 3.5 points, indicating that the neutral expectations of players.
On MICEX, cheaper stocks of Gazprom (RTS: GAZP) (-2,3%), VTB (RTS: VTBR) (-4,5%), “Lukoil (RTS: LKOH) (-2, 7% and -4.9% in the RTS), Norilsk Nickel (RTS: GMKN) (-2,2%), “Rosneft (RTS: ROSN) (-3,5% and -5,6% in the RTS ), Gazprom Neft (RTS: SIBN) (-3,9%), “Surgutneftegaz (RTS: SNGS) (-2,5%), Sberbank Russia (RTS: SBER) (-2%),” Tatneft “(RTS: TATN) (-2,7%),” Polyus Gold (RTS: PLZL) (-4,3%).
Grown paper Rostelecom (RTS: RTKM) (1,2%) on news that after the consolidation of the assets of Svyazinvest on the basis of “Rostelecom” will be located on the western markets 25% stake in the merged company in April 2011 .
fall on world platforms provoked weak labor market data from the U.S. for January, released on Thursday, as well as concerns about the increasing difficulties with the reduction of budget deficits Portugal, Spain and Greece.
additional negative on Friday became the data on industrial production in Germany, which in December fell by 2,6% in the growth forecast to 0.6%.
little alleviated the negative and provoked the closing of “short position” in the evening of Friday January data from the U.S. labor market, which turned out different polarities (the number of jobs fell by 20 thousand in the growth forecast o1000f 15 thousand, but the unemployment rate fell to 9.7% 10%).
European FTSE index fell on Friday on 1,2%, U.S. SP 500 Index to 18:45 Moscow time has grown by 0,1%.
oil fell against the strengthening dollar (euro fell 0,4% - to $ 1.3675), and concerns about the slow recovery in world demand for energy.
price of March futures contracts for petroleum of mark WTI for 18:45 Moscow time was $ 73.05 per barrel (-0,1%), before the price fell by 5% because an unexpected increase in the number of new applications for unemployment benefits in the United States made investors had doubts about the end of the financial crisis.
As the head of analytical department IF Olma Vladimir Detinich, on Friday the market observed deepening downward correction under the influence of external factors. The flow statistics are not allowed traders to see “a ray of light in the darkness” - data on industrial production in Germany and the labor market in the U.S. were much worse than expected. Nevertheless, after the release of melon on employment in the U.S. for many blue chips there has been a rebound - statistics, was probably used as an excuse to close speculative short positions. These technical analysis does not exclude the possibility of deepening downward correction on the RTS index (the immediate goal may lie in the range of 1300-1350 points), he said.
According to the analyst VTB 24 (RTS: GUTB) Stanislav Kleshchev, quotations of futures for petroleum of mark Brent, despite record levels over recent months, the fall of quotations, remain above their 200-day average, which serves as a support. Accordingly, the chances of keeping oil prices above $ 70 are saved, which should provide support and the Russian stock market, analysts say.
According to the Head of the Department of trust management “Metropolitan Financial Corporation Kirill Alekseyev, investors in Russia scares and a sharp decline in world oil prices and the negative dynamics of equity markets. Technically the picture is bleak so far: in the case of penetration of the support 1350 points on the MICEX index next in order to reduce the area becomes 1200 points. If the market bounces up the resistance level on the MICEX index will make the value of 1400 points, he said.
According to the head of analytical department of the PS “Infinite” Alexander Ivanisheva, markets clearly panicked, recurrence of the January sales brought down the stock exchanges.
“One of the discussed reasons for the decline - the rise in unemployment in the U.S. - it seems unconvincing. The main source of threat - the growing wave of fiscal problems in the EU and the USA. Since the beginning of the month quotes CDS on U.S. debt rose from 44.7 up 57.4 points, and thus returned to the values crisis in December 2008. followed by Greece in the black list of potential bankrupts were Portugal and Spain, which resulted in a sharp increase in sovereign risk of these countries and falling stock exchanges, “- he states.
Analyst Promsvyazbank (RTS: PRSB) Oleg Steps notes that among the leaders of the fall in prices during the week were shares of steel companies against the rollback of metals. Falling share prices, Novolipetsk Steel (RTS: NLMK) contributed to the decline of his recommendations investment banks, and the downward pressure on stocks, Pipe Metallurgical Company (RTS: TRMK) had occupancy by 5-year convertible bond of $ 420 million that could be converted into GDR companies with a premium of 30%.
At the same time favorites for the week of growth became preference shares of interregional communication companies (MRK): “Sibirtelecom (RTS: ENCO),” CenterTelecom1000(RTS: ESMO), “Uralsvyazinform (RTS: URSI) and” Southern Telecommunications Company (RTS: KUBN), grown on 11-18% due to the anticipated promulgation of rates of exchange of shares for shares of MRK combined company “Rostelecom”, which is likely to happen in March. According to the plan of reforming Svyazinvest, the first half will be receiving corporate approval, and in June-July 2010 is expected to decide on joining the general meetings MRK.
stock indexes in the U.S. fell on the eve of an average of 3%. The number of Americans who first applied for unemployment benefits, unexpectedly rose last week to 480 thousand to 472 thousand revised the previous week. At the same time analysts expected reduction in the number of hits on 15 thousand from the earlier announced level - up to 455 thousand
sudden increase in the number of new applications for unemployment benefit suggests that companies do not have enough confidence in the restoration of the U.S. economy, experts say.
Stock Indices Asia-Pacific Region (APR) fell on Friday, the fastest pace in 10 weeks after an unexpected increase in new applications for unemployment benefits in the United States. As writes The Wall Street Journal, lower commodity prices, the strengthening of the yen and the problems of budgets and national debt in the euro zone also does not add optimism to investors.
The strongest decline was noted among the mining and energy companies, ATP, as the rise in the dollar triggered a collapse in commodity prices.
second-tier “on the MICEX on Friday became the leaders of the fall of TGK-13 (RTS: TGKM) (-7%), OGK-4 (RTS: OGKD) (-6,7%),” Inter RAO UES (RTS: IRAO) (-5,9%), “PIK Group (RTS: PIKK) (-5,7%),” Severstal (RTS: CHMF) (-5,5%), NLMK (-5.4%).
grown paper TGK-14 (RTS: TGKN) (5,6%), “Magneto” (RTS: MGNT) (0,4%).
total trading volume in shares on the RTS classic market for the day amounted to $ 12,632,000 in Section RTS Standard turnover reached $ 481.95 million, on the MICEX exchange transaction volume has exceeded 80.09 billion rubles.
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