Rus News Journal

Arbitration transactions: rouble falling has led to spread expansion

On Thursday, on September, 16th, the price of the Russian papers has considerably decreased. Thus losses were observed both on the Moscow Interbank Stock Exchange, and at the London stock exchange (LSE). In the markets there was a considerable negative spread. First of all it is connected with rouble fluctuation. On - visible, the national currency, besides other factors, will have negative influence on cost of the Russian papers. As a whole proceeding from quotations of papers, the market is adjusted extremely on - bear .

on a course of the auctions on Friday, on September, 17th, papers " can render the Most considerable negative influence; Comstar - OTS . In London ADR of the emitter on 3,5 % is cheaper, than in Moscow. The appreciable negative spread was formed in papers GMK Norilsk nickel (- 2,1 %), Rosneft (- 1,86 %), Uralkalija NLMK and Gazprom (on 1,4 %).

is much cheaper than actions (a spread more than 1 %) stand ADR LUKOIL, Rostelecom Surgutneftegaz and bank VTB.

All these heavy papers for indexes will have negative influence on a course of the auctions, and in case of the further falling of cost of rouble correction downwards can provoke and a panic. In what it results, players already saw in the autumn 2008.

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