Financial News and Economical Crisis

 
  
 
 
  25.12.09 20:19 ;
 

Friday, December 25, the beginning of trading on Russia”s stock market with moderately positive external environment was neutral about the level of yesterday”s closing price. Close to noon, domestic indices managed to move into positive territory. By 12.50 Moscow time RTS index would add 0.4% and stood at 1449.45 points and the MICEX index become overgrown at 0.13% to 1352.97 points. Later in the absence of trading in Europe and the United States, in connection with the Christmas holidays, and without significant macroeconomic data during the day on the market observed mixed dynamics. Lack of non-residents also assisted in purchasing.

positive on the market today could not even bring information from the Central Bank, which is the tenth time this year lowered the refinancing rate - from December 28, the rate decreases by 0.25 percentage points to 8.75%, setting a new historical low. “This news could only partially stir currency speculators, but in general it was more neutral for the market, therefore, was ignored. It is worth noting that the decline in interest rates will limit the inflow of short-term foreign capital”, - believes Anna Lyukanova a GC “ALOR .

Yuri Petruschik, Head of Financial Institutions and International Business, “Smolensky Bank, believes that reducing the refinancing rate at 0.25%, so even before the holidays - it is rather the desire to produce a psychological effect: this step is likely , said that the domestic regulator intends in the next year to go towards reducing the refinancing rate. “And if these expectations are met, then it will certainly have a positive impact on the economy of our country”, - says the analyst.

During the day, shares of Russia look bad oil and gas sector, backed by rising prices for “black gold” on the background of a falling dollar. However, closer to the closing session in the oil industry began on speculative profit-taking. At the end of the day the paper Gazprom grew by 0,67%, LUKoil - on 0,36%, Rosneft - on 0,80%, “Tatneft” - on 2,73%, Surgutneftegaz - by 0 , 72%. By 20:10 Moscow time futures for Brent crude for February delivery traded at $ 76.1 per barrel, Light - $ 78.05 per barrel.

looked good today, preferred shares of Sberbank, which after more than 3% aqueous reduction at the opening jumped up. At the end of the day quotes added 1,81%. Ordinary shares of the Bank grew by 0,02%. Paper VTB added 1,29%.

The leaders of growth left action “Volgatelekoma (7,808%), AFK Sistema (3.781%), Sibirtelecom (3.592%).

The outsiders were Paper “MRSC of North Caucasus” (-3.843%), TGK-9 (-3.2%), “Polymetal” (-1.6%), Aeroflot (-1.356%) and Rostelecom (-1.28%).

At the end of the day the dollar RTS index rose by 0.02% to a value of 1450.52 points. The MICEX index rose by 0.438% to 1357.11 points. Trading volume on MICEX amounted to $ 4 789.65 million

on MICEX today, the dollar gave 29.4982 rubles for one euro - 42.5724 rubles. The cost of currency basket, thus, is 35.4682 rubles (yesterday, at the same time, it was 35.4363 rubles). Currency pair euro /dollar at Forex stands at 1.4353.

In the evening session on FORTS futures on RTS index decreased by 0.045% and amounts to 145,315 points. Futures on Gazprom shares, Sberbank increased by 0,060% and 0,037% respectively, Lukoil dipped 0.071%.

Analysts agree that the coming week is unlikely to stir the market participants, and the major indices continue to consolidate within the specified corridors.

According to Anna Lyukanovoy of GC “ALOR, the situation on Russia”s market will be determined by external signals. “In the beginning of the week will be the impact makrostatistika from the United States, in particular, the index of consumer confidence in the United States. The main investors in the coming week will be the issue - to carry the position on the shares in the coming year or not. Given the low risk of adverse trends in the beginning of the year on the world sites the market is unlikely to take an aggressive profit-taking. The main sales were this week, when the majority of liquid shares appeared well positioned to exit “- says the analyst.

Alexander Zürich, portfolio manager IK “Finam”, believes that before the end of the year should not wait any pronounced movement either one or the other way. It is more likely that the general direction of the market will be slightly downward.

projected managing director Trinfiko Eugene Strange, the last few days, the domestic exchanges will grow slightly in small quantities. “Early next year, perhaps a slight increase in the indices of Russia, but in general, significant growth after the New Year will not be because the market was well-played drop this year. Strong growth in the indices before the second quarter of 2010, I do not see” - an expert commented.

  

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