Market Analysis

09.06.09 10:12 ;
  Beginning this week on the Russian stock market was marked by reduction of quotations on the full range of liquid securities: during the day, there was 2-4% decline, trading took place in small quantities.

Strengthening dollar, oil and the subsequent correction of the ruble led to a weakening of the negative dynamics of equity, primarily oil and gas and banking sectors: «Gazprom» (-2,6%), «Rosneft» (-1,7%), MMC «Norilsk Nickel» (-6,2%). Of the securities market of the banking sector looked worse than ordinary shares «Sberbank», which during the session, losing more than 5%. The second day unconditional leaders were shares of electricity companies: OGK-2 (7.2%), OGK-3 (10.5%), OGK-6 (7.4%).

Toward the conclusion of the meeting of the Russian market has moved to consolidate. Support for domestic securities at the close were somewhat recovered oil prices and the desire of American sites play a negative gap at the opening. At the end of the day RTS index fell by 4.63% to 1096.68 points. MICEX Index has completed trades in «red» at 2.09% to 1120.32 points. In the evening session on Tuesday, June FORTS futures on RTS index rose 3.59% to a value of 112,160 points.

External background before opening the bidding on Tuesday Russia is neutral. Stock Indexes United States completed the bidding Monday neutral, but higher than those who were at the close of the trading in Russia, which will provide support to domestic buyers, say experts. As a result of yesterday's auction of American Dow-Jones index rose by 0,016%, SP decreased by 0,1%, Nasdaq - on 0,38%.

Trading in Asia today in the morning are mostly in the negative range. Japanese Nikkei falling to 0.83%. Chinese Shanghai Composite losing 0.73%.

Strengthening American currency has contributed to cessation of growth of commodity markets, oil prices stabilized above the $ 68 a barrel. The July futures on oil brand Brent traded at around $ 68.38 a barrel, Light - $ 68.63 per barrel. This morning the course of a pair of euro /dollar at Forex stands at 1.38.

«Morning today, neutral background for the Russian stock market. The stabilization of prices for resources could support the shares of commodity companies, primarily oil and gas sector. Good chance of at least partial recovery after yesterday's collapse have holder NorNikelya and the Savings Bank », - considers Vladimir Sergievskaya, strategist of investment company FINAM.

«New messages to affect the dynamics of the world's site for the night does not appear, and thus the Russian market will move in line with the dynamics of oil and currency futures. Some pressure on the market may have renewed rumors of a potential sale of shares by VEBa that can cause a strong record of earnings, primarily in securities of Sberbank. Nevertheless, while the signals, indicating that, not seeing », - noted Dmitry Kontorschikov, analyst IK Vestiga.

«Today oil (LS) mark traded at 68.50 U.S. $ /bbl. and a pair of dollar /ruble possible technical rebound down, that can support Russian securities. And given the fact that the U.S. indices again came to the annual maximum - not precluded by short-term positive momentum in the domestic markets, at least in the morning. Opening forward with gepom up to 1-1,5% », - believes Mamedhanov Kirill, a leading analyst of Trade Invest.

Today is expected to publish a number of indicators: the GDP of Brazil in the 1 quarter of 2009 (expected to decline -2%), as well as industry. Production of Germany, in April (forecast - 0.1%). From corporate events include the annual general meeting of shareholders of OAO RITEK and OJSC ChTPZ.
  

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Analyst Forecasts: Growth indices in the Russian environment can be expected at the opening
In the absence of trading ideas the Russian market on Tuesday consolidated at the levels reached earlier
A guide to Russian investors remain high quotations of oil futures on commodity markets
Against the backdrop of general decline of Russian stock market shares of the energy sector continued to boom
The Russian stock market declines on Monday following the desheveyuschey oil
The forecasts of analysts: External background on Monday contributed to a negative opening of Russia's bid
The Russian market was closed on Friday in «green belt» against the backdrop of the continuing growth of oil quotations
The Russian stock market dominated by the positive mood, shares of energy companies led growth
The forecasts of analysts: In the morning, good to be traded securities Sberbank and neftyanki

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