Financial news

Russian exchange keeps on growing for the second trading in a row

09 апреля 2009 г.

Bidding on the Russian share market at the beginning of trading on Thursday takes place in “green space”: according to the data at 10:35 Moscow time RTS index increased by 2,05% to 776,14 points, the Moscow Central Stock Exchange index gained 2,26% and amounted to 892,43 points. These data were placed on the stock exchange web-sites.

According to analysts estimates, at the opening of bidding in Russia a positive ambient background was formed. As the analyst of GC “Alor” Anna Lyukanova notes, as of yesterday trading the American benchmark stock indices closed in the black.

Good shapes were prevailing mainly in insurance companies shares after the announcements of the U.S. government that their application for financial support will be considered. The reaction of the investors was also positive when they learnt that the Pulte Homes construction company intends to buy the rival Centex for $ 1,3 billion, that can make the united company the biggest real estate developer in the USA. On Asian trading floors after tree day decline a sharp growth is also observed that has rendered a substantial support for the domestic indices on the opening of bidding.

According to Lyukanova, oil and gas sector shares at the beginning of trading can take the lead in growth taking advantage of the growth of oil prices observed after the publication of the oil and oil products stocks data in the USA. In such case, according to the analyst prediction, the shares of banking sector will fall behind the general dynamics of the market. Lyukanova clarified that their “growth will be held by the negative trading in shares of the banks during American trading”.

It’s worth reminding that the day before the bidding on the Russian share market closed in growth of benchmark stock indices: RTS closed trading in the black by 2,72 % to 760,58 points, the Moscow Central Stock Exchange index gained 3,49% and closed at the level of 872,74 points. The fastest paces of growth were shown by the banking shares that have risen in price by more than 4%.
 

» к списку

Read more