Market Analysis

 
  
 
 
  28.09.09 13:01 ;
  On the negative external background trading on domestic exchanges, on Monday started with a reduction of the basic indexes. In the first minutes of trading the MICEX index lost about 1%. By 12.50 Moscow time the MICEX index traded in the red at 0.47% and amounts to 1182.28 points, the RTS index, after falling earlier in the session returned to levels close Friday and is 1225.65 points.

Quotes of the majority of the most liquid stocks declining. The main losses are shares of oil and gas sector: LUKOIL in the red at 0.79%, Gazprom - on 0,92%, Rosneft - on 0,07%. Oil prices continued their fall, the November contract for Brent crude is worth less than $ 65 per barrel on crude oil Light - 65.58 dollars.

Today on the London Metal Exchange trades are different direction, a significant decrease noted in the quotations of nickel and copper. Against this backdrop, shares of steel companies are mostly traded in the red zone: NLMK in a minus on 3,9%, Norilsk Nickel - by 1,3%. In this paper Polyus Gold noted among the leaders of the rising dynamics and the current time is added 1,33%.

Because of declining before the opening of the SP futures index traded in the red and the banking sector (VTB reduced by 0,9%, Sberbank - by 0,5%). Nevertheless, the lack of statistic data on the background of the action in the sector during the day can jump.

against the market traded as shares of automakers - Avtovaz and KAMAZ be added 1,7% and 14% respectively.

Top European session also took place in the red zone: 12.50 Moscow time to the FTSE index lost 0.47%, the index DAX - 0,11%, the index CAC 40 - 0,76%.

At the appointed time on Russia's ADR shares in London (in dollars per share) are: LUKOIL - 52,55, Norilsk Nickel - 123,5, Rosneft - 7,38, Gazprom -- 5.842.

Quotes ruble against the dollar and the currency basket on MICEX today are 30,20 and 36.49 rubles (against, respectively, 30.13 and 36.51 rubles in morning trading on Friday). In the short run may be some technical decline in the relative value of the ruble to the world's leading currencies under the influence of the overall fluctuations of world foreign exchange market, - considers the chief economist UK Finam Management Alexander Osin.

Most experts believe that the correction in the domestic exchanges will not be protracted. According to the analyst IFC Basil Konuzin, today could start to recover oil, and in addition, the U.S. should withdraw from the achieved level of $ 1.46 per euro. Given the high volatility and uncertainty in commodity asset demand in the coming days will be concentrated in shares of non-oil companies: mainly - energy and telecommunications, - the expert marks.

«Corrective mood will be more moderate in relation to the situation the prices of basic liquid shares, close to oversold, - the analyst of the battery Investbank Denis Shabanov.
  

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Deposit for private individuals - Market Overview
Loans to legal entities - Market Overview
Loans to individuals - Market Overview
On the LME trades are different direction, a significant decrease noted in the quotations of nickel and copper
Recommendations on RTS Index futures for Monday
Corrective mood today to be moderate: the prices of basic liquid stocks are close to oversold
Speculative recommendation on shares of Polyus Gold, Sberbank, Gazprom, Lukoil and VTB
On the oil market continues correctional movement associated with a poor statistics in the U.S. and the strengthening of the dollar
Range of motion of the main pair of the market will be located mainly at the levels 1,4508-1,4682 dollar for euro

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