Market Analysis

 
  
 
 
  12.01.10 10:18 ;
 

On Monday, the first trading day of 2010, Russia"s stock market has shown impressive results. Otygryvaya positive accumulated surplus in the external areas during the Christmas holidays, domestic indices updated highs last year.

absolute leaders have stock steel companies: up to the day the paper Severstal rose to 20.31%, MMC Norilsk Nickel - on 10,61%, MMK - on 11,72%. Do not depart from them and paper Uralkali, which added 14,26%.

Shares of oil and gas sector also showed strong growth: Rosneft (7.6%), Surgutneftegaz (6.0%), LUKoil (3.3%), Gazprom (6,5%), . Among banking stocks have shown good growth of preferred shares, Sberbank (4.2%) and VTB shares (4.3%).

an outsider ottorgovalis shares "Rostelecom" (-1,7 %).

At the end of the day the MICEX index rose 5.45% to 1444.78 points, the RTS index rose to 7.51% to 1553.06 points. During the evening session on FORTS the March futures on the RTS index dropped to a mark of 157,010 points, losing 0.05%.

At the close of trading on Russia"s ADR price per share (in U.S. Dollars): VTB (Eng) - 4,99, Gazprom (Eng) - 26,57, "LUKOIL" (Eng) - 59,4, Norilsk Nickel (Eng) - 16,07, Rosneft (Eng) - 9,3, Surgutneftegaz (Eng) - 9,68, MTS (USA) - 51,5, Rostelecom (USA) - 27 , 35, Vimpelcom (USA) - 21,14, Mechel Steel (USA) - 22.39.

In

American venues on Monday was recorded moderate growth of quotations: on the basis of trades Dow-Jones index rose by 0,43%, SP - on 0,18%, Nasdaq fell 0.21%. "Bykov" was supported by the data on China"s foreign trade for December: the volume of imports increased by 55,9%, while exports grew by 17,7%.

Asian markets on Tuesday observed a mixed dynamics. The negative factor was the retreat down the prices of raw materials, as well as the results of the largest U.S. aluminum producer Alcoa Inc., Which were slightly worse than forecasts. The Japanese Nikkei index rose 0.75%, China"s Shanghai Composite index added to the present time, 1,58%.

Oil prices have retreated from some of the forecast of an impending warming in the U.S.: the March futures for Brent crude stood at $ 81 per barrel, Light - $ 82.55 per barrel.

Currency

pair euro /dollar in the morning on the Forex stands at 1.451.

Thus, this morning"s background as a whole is neutral for Russia"s stock market. Experts believe that the demand for domestic paper today will remain, but at the opening of the players may want to take profits after such a sharp rise. According to Paul"s head, the analyst IFC Eurogreen, the MICEX index may retreat to a mark of 1430 points.

"After strong growth on Monday, on the market today are likely to dominate the correction mood. However, indexes, breaking through the highs of last year, came from the corridor and will soon continue to grow", - analysts say the Moscow Stock Center ".

"publicly traded on Russia"s stock market can be expected to break down within 0.5%, reflecting slightly cheapened by oil and poor performance in the world trading floors. We can say that yesterday was the installation session, but already the players will deeper understanding of the intricacies of market signals. Tuesday promises to be a fairly calm day, the most weighty data will trade balances of the UK (12-30 Moscow time), Canada (16-30 Moscow time) and USA (16-30 Moscow time). Also noteworthy statements KB Home , one of the largest U.S. residential real estate developers, and is important not so much the report itself, as its connection with the situation in the U.S. real estate market "- commented Maxim Chernega, an analyst with the department of client operations, the IG" Octane ".

According to Alexander Razuvaev, head of analytical department of the IR Gallio Capital, in the current situation, the key is accountability of American companies, it is this factor will be dominant for Russia"s stock market in the near future.

  

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