Market Analysis

Russia
Last in 2009 trading session on the equity market was severely truncated. Trading on the MICEX were up 11.45, on the RTS - to 12.00. However, even in such a short period of time leading indicators failed to show a fairly significant change. MICEX Index grew by 0,6%, RTS - on 1,2%. The reason for the growth was good external background: SP futures would add more than 0,1%, oil prices have risen to the level of $ 78.4 per barrel Brent.
good raw market conditions positively impact on the capitalization of the companies of oil and gas sector. Rosneft and Lukoil was added to 0,4%, Gazprom"s capitalization has increased by 0,8%. Additional incentive to buy securities of the gas monopoly, has stabilized its relations with partners in Ukraine and Belorussia.
In the steel sector was not unified dynamics. Better the market looked Paper Polymetal and NLMK, which showed an increase of 1,1% and 0,8% respectively. PolyusZoloto lost 0,1% of capitalization, CMI - 2%. Norilsk Nickel shares dropped in price slightly.
Ordinary shares of the Savings Bank have confirmed their leading position. Paper has become a leader in turnovers as the outcome of the day, and for 2009 as a whole. High volumes confirmed the good growth - 2,3%. "Pref" Sberbank added while only 0,4%, and the paper and does VTB fell 0.3%.

Forecast
External background - positive. The first week of 2010 on world stock exchanges took place in an optimistic vein. American indices over this period grew by more than 2%. Oil went up to around $ 82.7 per barrel mark Brent. Currently, futures SP shows correctional movement after a strong increase the previous day, but, nevertheless, remains in a "green" zone. Against this background, we expect that Russia"s market will open with a gap up within 2%. Resistance on the MICEX located at levels 1385 and 1400 points.

On the dynamics of stock prices in the coming days may affect interest rate decisions od38f the European Central Bank
Today, the external background for Russia"s stock market turned positive
The main driver for the morning "gap" will increase in energy prices that will bring leaders in the oil and gas sector
Positive trends prevailed in the foreign markets, while encouraging only the opening "short position"
The growth of world indices and oil prices will now contribute to the rise of Russian securities quotes
At today"s auctions RTS index may be close to 1500 points
The first trading session of the new year to Russia"s market will begin with a confident gap up
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In 2010, the government of Russia expects GDP growth of 3,1% and inflation at the level of 6,5-7,5%

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