Mortgage crisis the Conjuncture
has forced to be fidgety strongly participants of the auctions in the Russian share market. The collapse of leading share indexes in Asia and Europe has overturned also quotations of the Russian securities. Index Nikkei - 225 has lost almost 2,5 %, the European indexes in the beginning of day showed decrease on 2,7 - 2,8 %. During the first hours the auctions leading Russian indexes have lost to 1,8 - 2 %. Among leaders of falling of yesterday again there were actions of financial institutions. Actions British, French, Deutsche Banks have lost in the price 2 - 9 %. On the eve of the action of the American mortgage agencies - Freddie Mac and Fannie Mae have fallen to 18 % and 16 % accordingly. It was promoted by the report of analysts Lehman Brothers according to which mortgage agencies should after obligatory write-offs involve the additional capital at a rate of $75 billion Similar estimation has led to falling of quotations to level of the beginning 90 - h years. According to the head of department of analytical researches GK “ Region “ Konstantin Komissarova, statements of some analysts about falling of net profit of the financial companies for the second quarter on the average on 60 % warm up a situation also.
Yesterday does not release investors
Small growth in the end of trading day was promoted by performance of head FRS the USA Ben Bernanke. As the senior analyst of Bank of Moscow has noted Rostislav Musienko, mister Bernanke has informed that FRS can continue carrying out of operations on emergency crediting of the large companies next year as a measure on restoration of financial stability. The European indexes following the results of day showed decrease on 1,3 - 2 %. The Russian indexes were closed raznonapravleno. RTS index has lost 0,64 % and was rolled away to value 2175,02 points. The Moscow Interbank Stock Exchange index has added only 0,08 % and was closed on a mark 1665,04 points. The auctions passed actively enough. The volume of the auctions in section of the classical market of RTS has grown on 30 %, to $49 million Even more notable (on 60 %) was growth of volumes of the auctions on FB the Moscow Interbank Stock Exchange - to 50,5 mlrd roubles.
Proceeding falling of the prices for oil has put pressure upon oil and gas sector. The prices for oil have continued yesterday falling. Quotations American WTI have fallen to a mark of $136,5 for barrel. North Sea oil Brent has fallen in price to $134 for barrel. The price Russian Urals has failed below $130 for barrel. For two days the price for oil has fallen more than to 6 %. To decrease in quotations, according to an analyst of YOKES “ Kapital “ Pavel Shelekhov, easing of the conflict round the nuclear program of Iran partly promoted. Nevertheless the most liquid actions of the oil and gas companies at auctions FB the Moscow Interbank Stock Exchange have fallen in the price on 0,8 - 2,2 %. As Konstantin Komissarov has noted, stock quotes “ Gazprom “ were restored more close to closing after strong decrease at morning trading o`clock. According to an analyst, it was promoted by the statement of head “ Gazprom “ Alexey Miller that the price for gas for the European consumers more close by the end of the year will reach $500 for 1 thousand cubic metre.
among leaders of falling there were securities of GidroOGK. Shares of company have lost in the price on FB the Moscow Interbank Stock Exchange almost 6,2 %. Yesterday the company has reported for 2007 on MSFO. Incomes have made 47,77 mlrd roubles, having exceeded a previous year indicator almost twice. At the same time the profit on current activity has made 10,54 mlrd roubles. The company net profit has made 6,525 mlrd roubles. Thus the financial director of the company Sergey Jushin predicts growth of profit following the results of 2008. Besides, it has reminded that in May has been confirmed dividendnaja a policy according to whom 5 % of net profit will be listed on dividends.