Financial news

The Russian Share Market Was Opened With Growth of Indexes

07 апреля 2009 г.

On Tuesday the tenders in the Russian share market were opened with growth of indexes: at 10:50 Moscow time RTS increased 0,96 % up to 755,78 points, the Moscow Interbank Stock Exchange increase was 2,04 % or  853,18 points. This data is set on sites of the stock exchanges.

The day before the tenders in the Russian market had begun with growth of indexes, but in the second half of day due to negative news from the EU and negative trade on the European platforms the rates had decreased. As a result, the markets had been closed differently directed, but round about a zero rate. So, the index of RTS had grown 0,35 % up to the opening rate of 748,62 points, and the index of the Moscow Interbank Stock Exchange  had decreased 0,22 % up to 836,09 points.

Yesterday all the world leading platforms bargained in a negative zone though the major decrease did not exceed 1 %. Among outsiders were stocks of the technological companies (refusal of IBM to purchase Sun Microsystems caused the meltdown of its quotations 23 % at once), and also the securities of bank sector. In Japan after session of the Central Bank was decided to leave key rates at a former level that provoked the beginning of profit fixing by investors.

As a result, it was also stated that day all the Asian region, except Korea and India, bargained in a negative zone. The same, among outsiders there were metallurgical and mining companies.

Futures for the American indexes were round about the zero but still « were painted red ». Quotations of oil and industrial metals did not change sufficiently; gold continued its correction below $880 per ounce.

Experts do not exclude that over first half of day in the Russian share market «will be dominated with decreasing trends». However analysts do not expect the market will close with significant correction. « Profitability of “Lukoil” in Q4 2008 will be announced today, that can provoke light correction in papers (since the losses are expected). Under pressure of the stocks of the metallurgical companies and the companies of raw sector, banks and air carriers might decrease”, — it is marked in the comment.

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