Monday, October 27, 2008

Russian Stock Market on Wednesday updated the annual minimum. RTS stalemate in the sinister mark of 666 points

The Russian stock market on Wednesday in most blue chips, along with world stock and oil platforms, the RTS index updated at least since early 2008, a fall to 666 points, increased paper "Nornikelya" on the idea of an offer, which expires on October 28, passes Interfax.

As a result of the trading on exchanges RTS and MICEX SE value "blue chip" fell to 0,6-10,6%; RTS index dropped by 665.78 points (-7.17%), which corresponds to the end of May 2005, the index MICEX fell to 628.12 points (-3.74%).

Many of the chips on the market on Wednesday dropped, in some securities under the curtain bidding on MICEX SE were buying by the state - played most of the fall of shares of Gazprom, Sberbank, Rosneft.

As a result, cheaper shares of VTB, Lukoil (-3.7%), Rosneft (-2.7%), "Gazprom oil" (-4.1%), "Surgutneftegas" (-2.9%) , Sberbank of Russia (-3.5%), "Tatneft" (-7.8%), Rostelecom (-8.7%).

Global stock market situation has deteriorated sites eve after weak U.S. statements of several companies on Wednesday continued to decline in the indices. U.S. indexes fell on Tuesday by 2-4%, on Wednesday, European indexes lost 3-4%, also declining opened America (the indices to close the bidding in Russia to 0,3-2,8%).

Oil fell on reducing demand for fuel and raw materials, as well as the strengthening dollar on the euro (the euro at Forex traded near $ 1289).

The price the December futures contract for WTI oil marks on Wednesday fell to $ 3.9 for the closure of bidding on 21 October and amounted to $ 68.28 a barrel. The November contract for WTI, quoting which ended on Tuesday, fell to $ 3.36 - up to $ 70.89 a barrel.

Demand for motor gasoline in the U.S., the company estimates MasterCard, last week declined by 6.4%. The drop in consumption continues 26 consecutive weeks.

The second and third echelons in the MICEX SE on Wednesday, stronger than the remaining shares fell Sistema (-19.7%), TGC-10 (-14.8%), ITT (-12.5%), WGC-4 ( -11%), "Severstal" (-10%), "Uralkaliya (-9%), CIM (-8%).

Shares rose "Irkutskenergo" (16.2%), "RusGidro (12.8%), TGC-5 (9.4%), North-West Telecom (9.3%); Sibirtelekoma "(+8.2%), TGK-4 (8.5%).