Market Analysis

Russia market

Monday, Oct. 19, on Russia's market was held under the dictation of bulls. Negative closure of U.S. sites were played on Friday, a price increase on the SP futures and Brent crude oil stimulated the purchase of Russian stocks. Opening of the American sites in the Green Zone has further strengthened the bullish sentiment in the market and bidding up the MICEX index rose by 3,7%.

oil and gas sector showed moderate growth on the background of the lateral movement of commodity areas. Brent oil price fluctuated around the level of $ 77 per barrel. Lukoil added 1.8%, Rosneft - 2,9%, Surgutneftegaz rose by 3,3%.

MMC Nornickel published financial results for the I half of 2009 under IFRS. Net income for the period decreased by 84% to $ 439 million revenue totaled $ 4.078 billion, indicator EBITDA - $ 1,398 billion, despite a significant decline in the company reported earnings that were well received by the market. Norilsk Nickel Shares on the basis of trades went up by 5%.

Shopping prevailed in the financial sector. Obykknovennye Sberbank's shares went up by 6,5%, preferred - 5,6%, VTB has increased in price by 5,1%.

continued to play in improving the papers Rostelecom. The reason for this are waiting for a decision of Board of Directors of Svyazinvest on the reorganization. Daily Rostelecom shares went up by 19,7%.

Forecast

External background - positive. Positive corporate accountability and rising prices for raw materials are pushing up the world's major indexes. SP up to the day added 0,9%, Nikkei is trading with an increase of 0,8%. The cost of a barrel of oil storming all new levels - now for a barrel of Brent yield about $ 78. Against this background, we expect that Russia's market today will continue to rise, the resistance is the level of 1400 points on the MICEX. Today, investors should pay attention to statistics on the real estate market and the index of producer prices in the U.S. (16.30 IST), as well as reports Caterpillar, DuPont, and Coca-Cola, published before the opening of the U.S. market.

The dollar went down

If the National Bank will not start buying the dollar on the interbank market, its rate may decrease ...

Forex - results of the day