Rus News Journal

The conjuncture

in the Russian stock market was accompanied the Last week by sharp movements of quotations. Thus their dynamics basically repeated movement of the prices in the oil world market. However as a result for a week RTS index has added all nearby 1 % and was closed on a mark 1812,9 points. The Moscow Interbank Stock Exchange index has added 1,6 %, having risen to 1617,09 points. Turns within all week remained at the average levels. In sector of classical market FB of RTS the volume of the auctions fluctuated within $40 - 60 million Low activity, according to investors, speaks absence the market of full-scale game of large investors. while there is no clearness in the market, large investors prefer to refrain from active game - the director of management of actives IK " has noted; Ist Kepital Dmitry Dzhevala. - When dynamics of the prices for oil will be defined, they will begin is high-grade to play the market .
for oil sector the messages which have caused high volatilnost in the market of oil were defining, first of all is abnormal warm weather in Northern hemisphere. On severo - the east of the USA where 80 % of top internal black oil are consumed, on a week which is coming to an end on January, 16th, demand for liquid fuel has appeared on 24 % below norm. According to a Department of Energy of the USA, on the week which has ended on January, 17th, commodity stocks of oil in the USA have grown on 1,5 million barrels, to 273,8 million As a result of the price for oil have fallen to 4 %, below $50 for barrel. However falling had short-term character, as a result of the price for oil for a week even have grown. Cash oil of mark Brent has grown almost on 7 %, from $49 to $52,3 for barrel. In this situation of the action of oil sector have shown raznonapravlennye results, upon termination of a week in the majority they have added 1 - 6 %. Actions " most poorly looked; Surgutneftegaz and the YUKOS, lost in the price on 10 %. In both cases corporate messages became the falling reason. In Surgut it is news about possible possession of 36,8 % of shares of company NPF Surgutneftegaz (the material see p. 15), the estimation of actives of the company (the material see p. 17) has served in YUKOS as an occasion to sales.

in the beginning of week among investors actions of the bank sector which quotations have grown on 4 - 17 % used the Great demand. The reason of the raised demand for actions of banks professional participants consider desire of investors to diversify the portfolios against instability of the prices for oil. growth is caused by desire of investors as it is possible to diversify more widely an investment - the managing director of the company " considers portfelnyj; Pioglobal Esset Management Alexander Matjuhin. The active role in bank rally was played also by foreign investors. From the beginning of year they had an opportunity to buy to 20 % of actions of the Russian banks only with the Central Bank notice. Most likely, the basic driver of increase of stock quotes of banks are expectations of increase in demand from non-residents after entering into the legislation of the amendments facilitating conditions of acquisition of bank actions, - the analyst of YOKES " considers; Kapital Vitaly Lakeev. - besides it expectation of positive placing of actions of additional release of the Savings Bank planned for February can influence a rise in prices, and also probable increase in weight of the Savings Bank in index MSCI. As participants of the auctions marked, most investors banks in which already there are minority shares of non-residents, in particular Bank of Moscow (growth of quotations - 32 %) and bank " interest; the Renaissance (+17 %).

Among leaders among vysokolikvidnyh actions the past weeks there were securities GMK Norilsk nickel . Their quotations have grown on 9 % and have reached a new historical maximum - $160,5. This growth has been caused by rise in prices for the nickel, reached a new historical maximum - $37,8 thousand for ton on LME. the Price hike on nickel is caused by fears concerning deficiency of this metal after messages on threat of the beginning of strike in Canada and that the stocks of nickel traced LME, in 2006 have fallen to 85 % - the analyst Promsvjazbanka Oleg Shagov marks.