• Recently Written

  • Trader’s daily - October 15, 2009
  • Trader’s daily - October 16, 2009
  • Trader’s daily - August 12, 2009
  • NCSP: Good, but expensive - July 27, 2009
  • Aeroflot: Airplanes will save Aeroflot - July 20, 2009
  • Daily review - August 12, 2009
  • Trader’s daily - August 11, 2009
  • Daily review - August 11, 2009
  • Trader’s daily - August 10, 2009
  • Daily review - August 10, 2009

• Categories

  • Bullet-moments
  • Trader’s view
  • Uncategorized

• Archives

  • October 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008

• Blogroll

  • New york extended stay - new york accommodation
  • Order SEO - Order SEO Service

• Russian Stock

  • Log in
  • Russian Stocks
  • Russian SEM

  Search

Last Friday RTS began its day at a +0.6% growth, which was supported by the positively closing foreign grounds and increase of oil prices. However, a while after RTS failed to hold on to 2200 points level, achieved in the morning, and index encountered some heavy resistance at this level. During the second half of day RTS crushed, following yet another wave of fear regarding further unwrapping of the mortgage crisis. The stocks of US mortgage firms – Fannie Mae and Freddie Mac dropped -38% at the back of the government’ promise to cover the losses, suffered by companies. This also provoked a slide of USD exchange rate. The resulting RTS dropped almost to May’s early level of 2160 points.
RTS of Friday lost -0.88% and stopped its fall at 2167.18 points. The top sapping of index was made by stocks of Sberbank (-2.8%), Norilsk Nickel (-3.56%) and Surgutneftegas (-1.91%). The support of index was provided by stocks of Rosneft (+0.66%), LUKOIL (+0.21%) and WGC-2 (+5.86%).

RTS classic market has formed 57.2 mn USD of turnover, which is quite decent for the summer. Friday’s turnover leaders – stocks of Norilsk Nickel (15.1 mn USD), LUKOIL (10.4 mn USD) and Gazprom (9 mn USD).

Besides of that, the publications of financial report by GE and US statistics on external deficit have proved to be important news for Russian stock market. Nevertheless, these values appeared within the borders of expectations, somewhat smoothening the day’s fall. The head of IMF also made a range of announcements regarding the improvement of situation at world’s financial markets after 2Q 2009. We do not exclude that given fact could act as support for Russian stock market next week. Besides of that, according to the technological factor, the index could encounter some serious support at 2150 points. Yet, we also see the upper resistance at 2250 points.

Main Russian Stock Market Review

Gazprom awaits deposits.

Uriy Trutnev the head of Ministry of Natural resources and Ecology announced on Friday that Gazprom will receive the license of strategic oil deposits development in 3 months, reported Interfax.

Other Stock Market news

Prime minister promises new tax privileges.
A meeting concerning development of oil and gas sector was held, formed out of ministers and oil companies’ representatives on Friday. The meeting was opened by Vladimir Putin, who said that the oil industry stands upon an verge of new development possibilities, announced Vedomosti.

NOVATEK’s rating increased.
Standard & Poor’s, an international rating agency, increased NOVATEK’s long-term credit rating from BB to BB+, according to national scale, the rating improved from ruAA to ruAA+, says the press-release of the agency. NOVATEK’s forecast is stable.

Comments