Following Thursday Uralsvyazinform added 5,85%, VolgaTelecom and Dalsvyaz increased by 9,22% and 7,81% respectively
Market ceased to react to good news
Thursday trading on domestic exchanges opened lower quotations, for which the hearth was the negative dynamics of futures for U.S. indices and the reduction of Asian sites, with the growth of petroleum quotations was not able to support our markets. Later there was lateral dynamics. After the release of statistics, bulls were able to return the market to levels of previous day's close, but the new wave of sales led him to new lows daily. The worst of the market ended the day, Gazprom Neft (-3.08%) and Lukoil (-2.95%), a company which amounted prefecture Sberbank (-3.45%). Better the market looked regional telecom sector. So Uralsvyazinform added 5,85%, VolgaTelecom and Dalsvyaz increased by 9,22% and 7,81% respectively. As a result of trades on the MICEX index fell 1.79%, ending the day at 1,080.05 points.
It seems the markets are no longer react to positive news, a sign of the return, if someone believes that he was leaving, the market bears. However, the beginning of a downward movement until the early to say, an important milestone for the market can be supported at the level of 1020 points on the MICEX index. In the case of breakdown at this level can be considered scenarios of further downward movement. In the meantime, the market continues to move in the wide corridor between the levels of 1020 - 1130.
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