Market Analysis

reduction FORTS limited to daytime session

On Wednesday the short-term market was fairly sharp decline in quotations, but there was no panic selling. Active participants increased slightly and amounted to 55 billion rubles. Volatility in the domestic and international sites showed divergent trends. VIX volatility index has dropped from 32.7 to31.5, indicating a decrease in nervousness over the ocean. OVI, calculated FK Opening, rose from 59.3 to 60.5 points.

During the main trading session on the RTS index futures fell by 2.9%, while it should be noted that the spread of the asset base has shrunk from -17 to -4 points, indicating moderate pessimism bidders. The market option contracts as long as the activity is quite low. In the July put options on the RTS can be quite aggressive to sell put options on страйке 95 000. The implicit volatility in this страйке prosela immediately by 6 points.

statement the Deputy Minister of Energy on the possible alignment of export duties on crude oil has had a noticeable pressure on the futures market quotes Gazprom, which lost 6.3%. It should be noted that despite the sharp decline, the contracts were higher asset base, reflecting the lack of panic in these contracts.

futures showed mixed trends during the afternoon trading session. Contracts for the RTS index added 0.2%. The situation on the foreign sites remains relatively stable. By the opening of Russian sites in the WTI futures traded at $ 70.9 per barrel, the contracts for the S P500 added 0.3%. Asian sites show a fairly marked decline, losing 1.7%.

In the positive zone remain some oil shares, supported by still high oil prices
Correction on Russian sites vydohnetsya early next week
Strongly prosest Russian market not established the price of oil close to $ 70 a barrel
Today on the Russian stock market is expected small increase in the main indices
It is possible that during the session, the MICEX and RTS indexes fell below 1000 points
Today at the Russian sites is expected to continue the negative dynamics of
Another aim of the MICEX indexwill mark 1000 points
Shares IDC Volga now overvalued relative to the analogs
Today on the Russian stock market is expected to multidirectional changes in quotations of securities

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