Market Analysis

16.06.09 10:09 ;
  The Russian stock market on Monday was in power «bear». Most of «blue» chips fell into a deep «red» zone.

The main drivers of decline as the decline in quotations ADRs for shares of Russian companies during the long weekend, oil desheveyuschaya and negative dynamics of the Asian markets.

Against the backdrop of falling market distinguished paper «Raspadskiy», adding 5.6% per session. Shares of WGC-6 and OGK-2 increased 1.9% and 3.7% respectively.

Shares of oil and gas sector lost an average of 5-6%. Papers banking sector declined by 6-8%.

At the end of the day the dollar RTS index fell by 4.4% to 1077.17 value item. MICEX index dropped 5.3%, the value of 1078.1 points. The volume of trades on the MICEX was $ 4 851.46 million

course on Tuesday morning, a pair of euro /dollar at Forex stands at 1.38. The experts believe that the couple now will be traded in the region of 1.37-1.38 marks.

Oil prices continue to fine-tune. The August futures for Brent crude oil reached another brand of local maximum and traded at around $ 69.91 a barrel, Light - $ 70.91 per barrel.

External background before opening the bidding on Tuesday Russia is negative. The American stock market concluded the trading session with significant losses. A role played by statistics on production and activity of FRB New York - the index value was more than 2 times worse than expectations. As a result, Dow Jones fell by 2,12%, S P500 at 2,37%, NASDAQ lost 2.28%.

At the auction in Asia dominated the sale. Worse feel commodity market against the backdrop of the resumption of fears about the global economy. The significance of the Japanese Nikkei index has risen so far at 2.7%. China's Shanghai Composite Index rose by 0.8%.

Tuesday, investors will follow the decision of the Central Bank of Japan on the basic interest rate, the publication of the consumer price index in Britain, the index institute ZEW (sentiment in the economic sphere), Germany, the euro area consumer price index, producer price indices and output data on the housing sector United States.

Analysts suggest that today, the Russian stock market to open bidding will take place from «gepom» down.

According to Dennis Kruglova, analyst IK «Finam», this morning's background again negative for the Russian stock market. «Against the background of declining prices for« black gold »worse than the market could look like the paper oil and gas sector. In turn, increased demand for protective tools, such as precious metals, is able to support the actions and Polymetal Polyus Gold », - he predicts.

«Current movement, we tend to treat as an attempt to break the downward consolidation, which is a strong signal to sell. In the case of sample 1080 points will receive a confirmation, we look forward to the development of reduction in area 1050 items, then items 970-1000. Thus, the MICEX index in this scenario returns to the range of 970-1100 points », - says Alexander Volynsky, Manager Asset« Investment Chamber ».
  

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Following Monday MICEX index was 1078.1 item that 5.31% below the previous day's closing
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Against a background of declining prices for black gold worse than the market today may look like the paper oil and gas sector

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