Tuesday, May 26, 2009

OTP Bank: Today, we look forward to the opening of stock market in the neutral field

This morning outside a neutral background. In the United States and Europe in connection with the holiday auctions were held. At the present time (6.00 Moscow time) on the U.S. futures indices are near zero (0.03%).

Markets in Latin America yesterday traded in a positive light dynamics. Brazil's BOVESPA and Mexican BOLSA showed a growth of 0.49% and 0.44% respectively.

At auction in Asia in the morning indexes are moving mostly downward. Japanese NIKKEI 225 to 06:00 (Moscow time) falls by -0.89%, Korean KOSPI showed -1.17%, and the Chinese CSI200, on the contrary, is in the light plus (0.23%).

The first day of the week on the Russian stock market saw a continuation of Friday traffic in the wide lateral canal. In the absence of support for the holiday yesterday by Western investors, speculators changed motion vector market several times a day. Favorites of yesterday's auction were Sberbank preference shares (9.29%), Transneft (11.19%), Rostelecom (+4.21%), as well as ordinary shares RusGidro (8.27%). The remaining shares, for the most part, did not show pronounced trends. Seriously disappointed only paper Gazprom (-2.01%), and NorNikelya (-2.42%).

MICEX Index on the basis of trading session has decreased by -0.29% - to 1050.95 points and the RTS index rose by 0.45% - to 1017.92 points. Trading volume on MICEX amounted to 44.45 billion rubles.

Today, we look forward to the opening of stock market in a neutral area. Western markets are not traded. At the moment, minus the Asian area. Oil steady. Vector today's motion is difficult to determine, but the probability of decline, in our view, all the same above.


Trader OTP Bank
Podgórska Denis

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