Market Analysis

03.06.09 20:27 ;
  Today, the Russian stock market correction nahlynula. Trading began with the decline of most «blue chips». The occasion gave the fall of European sites and oil quotations below $ 67za barrel. During the day, futures on U.S. indexes are in negative zone, which also has a negative impact on the Russian market quotes.

Shares of financial sector declined, despite statements by the Assistant President of the Russian Federation A. Dvorkovich that the volume of OFZ, which the authorities may send to the capitalization of Russian banks will be limited to tens of billions of rubles. As a result of ordinary shares «Sberbank» decreased by 11.63%, VTB at 9.89%.

In the oil and gas sector, most have lost the paper «Tatneft» (-11,11%). Promotions «Rosneft» and «Gazprom» has dropped by 8.42% and 8% respectively. Papers «Lukoil» (-6,3%) responded, in particular, to data on US GAAP for the I quarter of 2009 - the company's net profit fell to 3.5 times.

Papers NLMK (-7.7%) today, the market traded lower yesterday against the backdrop of negative reporting.

The general «red» emerged Paper «InterRAO» (11,6%).

on MICEX today for a dollar given - 30.61 rubles for one euro - 43,60 rubles. Cost bivalyutnoy basket, thus, is 36.57. The volume of trades on the MICEX amounted to $ 5 750.20 million

At the end of the day the dollar RTS index fell by 4.5% to 1127.57 point values, the MICEX index fell by 7.45%, the value of 1109.21 points.

By 20:15 Moscow time the course pair euro /dollar at Forex stands at 1.41.

Against the backdrop of growing U.S. crude oil prices today «send» down. At that time in July futures on oil brand Brent traded at around $ 66.42 a barrel, Light - $ 66,7 per barrel.

The American Stock Exchange opened decline. By 20:15 Dow Jones fell by 1%, S P500 fell by 1,45%, NASDAQ lost 0.8%. Today came the regular statistics. The decline of employment in the private sector of the U.S. in May, according to the report ADP, was 532 thousand, a reduction in the 520 thousand. «This confirms the fact that the situation on the U.S. labor market is still tense, though not without some improvement», - believes Ivan Fomenko, Deputy Head of fiduciary «Absolut Bank». The index of activity in the services sector the U.S. ISM Non-Manufacturing in May rose to 44 points, is expected to increase to 45. Oil reserves in the last week increased by 2.9 million barrels to 366.0 million

In the evening session on FORTS futures on the RTS index fell by 1.3% and amounted to 109932.5 points. Futures for shares of «Gazprom», «Lukoil», «Sberbank» decreased by 0.65%, 0.59% and 2.83% respectively.

Index FTSE-up of the day fell 2%, CAC40 - 2%, the index DAX - 1,74%.

experts agree that if oil prices continue to decline, a correction in the Russian market will increase.

«In the near future can be expected to continue the correction of 5%. Rising trend line on the MICEX index passes in the vicinity of 1100 points, there are also peaks and May », - considers Holaev Arthur, head of the division of operations on equity markets« Sobinbank ».

«Given the macroeconomic risks associated with recent growth in the global market rates for instruments of mortgage and public debt, the possibility of negative dynamics of quotations of Russian stocks in the near future remains», - predicts Alexander Osin, chief economist of the CC «Finam Management».
  

    Source:
   
    
   
  

Today, trading on the Russian market is marked by high volatility quotes
After yesterday's collapse of Russia's most chips start to the new
The forecasts of analysts: Correction on the Russian market continues, but the day is not excluded rebound back to top
Russian indices in the early hours of the trading continued to be consolidated at the levels achieved
If by neftyanke there is hope to see a positive closing, the banking sector may take in less
Unsecured gepy morning and published late in the evening constrain the Fed beige book purchases in the Russian market
Today, under pressure from retailers bivalyutnaya basket went down again, otygryvaya part of yesterday's backlog
Despite the continuing rise in prices of black gold, the fundamental factors are negative
Peremahnuvshie for $ 70 oil quotes provided substantial support to the Russian stock market

Main News