Rus News Journal

The Russian market is adjusted on growth

the Auctions in the Russian stock market on Thursday, on August, 13th, have begun confident growth of leading indexes on a positive external background. The share auctions in Europe have come to the end on August, 12th with growth of leading indexes. The share markets in the USA also were closed by growth on statement FRS that recession in the country comes to an end. Futures for the American indexes S &P and NASDAQ in the morning on August, 13th bargained with increase. The share auctions in Japan have come to the end on August, 13th with growth of index Nikkei - investors with optimism have apprehended decision FRS the USA to leave discount rate at former level. The prices for oil following the results of the auctions at leading oil stock exchanges have raised on August, 12th. The official prices of oil futures of the next month of delivery have made: on ICE on oil of mark IPE Brent Crude - 72,89 (+0,43) dollars/ barr.; on NYMEΥ Light, Sweet Crude Oil - 70,16 (+0,71) dollars/ barr.

As of 10:45 Moscow time the Moscow Interbank Stock Exchange index has grown on 1,88 % - to 1106,82 points. RTS index has risen to a mark 1051,68 points that on 2,59 % above level of closing of the last trading day. On FB the Moscow Interbank Stock Exchanges in leaders of growth at opening have appeared Savings Bank papers (+2,32 %), “ Gazprom “ (+2,02 %), GMK “ Norilsk nickel “ (+2,6 %), VTB (+2,84 %) and “ oil Gazprom “ (+2,07 %). Quotations grew In RTS “ Gazprom “ (+5,89 %), the Savings Bank (+4,83 %), LUKOIL (+5,58 %) and FSK EUROPEAN ECONOMIC COMMUNITY (+4,12 %).

By 12:30 Moscow time indexes showed growth. The Moscow Interbank Stock Exchange index has grown on 1,81 %, to 1106,12 points, RTS - on 3,01 %%, to 1056,01 points. The volume of the auctions on FB the Moscow Interbank Stock Exchange by specified time has made 19,9 mlrd rbl., in RTS - 4,4 million dollars

To the middle of trading session in the market dynamics, however growth was observed raznonapravlennaja prevailed. Actions “ Gazprom “ ordinary actions of the Savings Bank - on 2,07 %, " have risen in price for 1,46 %; Norilsk nickel “ - On 2,91 %, “ a gold Pole “ - on 0,88 %, “ Severstal “ - on 1,6 %.

More than 3 % by specified time have added in share cost VTB (+3,08 %), “ Mosenergo “ (+8,21 %), JUTK (+7,41 %), “ RusGidro “ (+3,88 %), “ the Chemist`s network 36,6 “ (+3,13 %), “ Razguljaja “ (+3,4 %), AFK “ System “ (+3,51 %), KAMAZa (+3,95 %), “ Aeroflot “ (+5,06 %).

In a minus to the middle of day actions " bargained; the Magnet “ (- 1,02 %), OGK - 2 (- 0,13 %), OGK - 3 (- 013 %), “ Holding MRSK “ (- 0,41 %), RTM (- 1,15 %).

Quotations of the action of the Russian oil companies also grew. Preference shares " became the leader of increase in sector; Transneft “ which have flied up on 9,75 %. LUKOIL actions have added 1,36 %, actions “ Rosneft “ - 1,8 %, “ oil Gazprom “ - 2,11 %, ordinary actions “ Tatneft “ - 1,24 % (exclusive have lost 1,02 %). Papers “ Surgutneftegaz “ have risen in price for 0,28 %.

IB “ the WHALE of Finans “ continuation of positive dynamics of the Russian actions on a favorable external background expect. However they notice that the market on - former was not defined with a direction of the further movement. Stabilisation in the currency markets and the high prices for oil will support the Russian actions, but potential of growth from current levels below falling potential, analysts believe.

decision FRS to leave the rate at former level and the statement that in economy restoration signs are observed, did not become unexpectedness. The dollar which became stronger recently, on Wednesday has a little fallen in price against optimism of investors, make comments on a situation of analytics FK “ Uralsib “. Stocks of oil and oil products have grown on 2,5 million barr., whereas the market predicted a gain on 1 million barr., but it practically was not reflected in the oil cost which support was rendered by increase MEA of the forecast of demand on 2009 - 2010γγ.

According to experts, now the market is at the crossroads: whether to be more careful, whether to use liquidity growth. From the macrostatistics which publication can influence mood of investors, analysts mark an exit of the data about primary references behind the unemployment benefit to the USA, the publication of results Wal - Mart for II quarter 2009γ. And the July statistics of retails which, under forecasts, will show growth on 0,8 %. As a whole, analysts " believe; Uralsiba “ Thursday will be rather quiet.

“ decision FRS actually is preservation the status - kvo for the financial markets the situation on which, on - visible, quite arranges a regulator “ - the analyst of Bank of Moscow Yury Volov speaks. To increase “ a dose “ that is the volume of the repayment of exchequer bonds and mortgage papers FRS as the analyst considers, will be only in case of sharp deterioration of a situation in the financial markets by the time of following session on September, 23rd. But while any signs of this deterioration it is not visible - the markets on - former rather optimistically estimate changes occurring in world economy and are adjusted, more likely, on the further growth, J.Volov has underlined.

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