9/14/10

Stock market. Results of the day: the players have decided to take profit

Trading on Russian stock exchanges on Tuesday ended in the red zone. Following the session on the MICEX index dropped 0.58% to 1 433.22 items, RTS index - on 0,67% to 1 493.21. Quotes of Gazprom shares on the MICEX fell by 1,21%, LUKoil - on 0,61%, "Rosneft" - on 0,79%, Sberbank - on 0,11%, RusHydro - on 1,40 %. Paper Rostelecom grew by 9.06%.

"Today, trading on the Russian sites have opened lower quotes on a background of negative dynamics of futures for U.S. indices and the unstable dynamics of the quotations for the Asian sites - said the chief of analytical department of the company NetTrader.Ru Bogdan Zvarich. - In the future, negative sentiment in the Russian market have increased, but then started to restore, to let the market by the middle of the day to win back the morning and leave in the fall plus.

According to the head of analytical department IC Zerich Capital Management Nicholas Podlevskikh, in the middle of the day came a disappointing ZEW index of economic sentiment in Germany. As a result, went to the decrease in quotations of European and then the Russian market. Simultaneously, the players expect the publication of important economic data from the U.S..

Analyst company Aton Elena Kozhukhova indicates that the macroeconomic news from the States were positive. So, overall U.S. retail sales in August rose by 0.4%, while sales excluding cars rose by 0.6%, exceeding forecasts. The index of economic optimism IBD for September showed an increase from 43,6 to 45,3 points, which also turned out better than expected. Inventories for July, while increased by 1%. However, these data are brought to the markets only a temporary positive.

"It seems that Russian players have decided to take profits after four days growth of quotations", - believes senior trader at SG "Grandis Capital, Michael Kahn.

Zvarich concludes that today, more than any other fallen stock prices of Norilsk Nickel "and" InterRAO "(-2,5% and -1,9% respectively). Became more expensive paper Rostelecom and Uralsvyazinform (9.06% and 2.4% respectively).

Kozhukhova recalled that tomorrow in the U.S. at 17:15 Moscow time the change becomes known industrial output for August. At 12:30 Moscow time will also be published in the UK unemployment rate for July, and at 13:00 Moscow time - an index of economic expectations ZEW in Switzerland in September.

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