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Indices: / OMXR 0.00% / OMXV 0.00% / OMXT 0.00% / OMXS30 0.00% / OMXH25 0.00% / MICEX 0.00% Stocks: VTBR 0.00% / OMXV 0.00% / OMXR 0.00% / EEH1T 0.00% / GAZP 0.00% / VTBR 0.00% / OMXV 0.00% / OMXR 0.00% / EEH1T 0.00% / GAZP 0.00% Porfolios: fanfan 10.78% / A3 9.82% / Gold lump 8.54% / ETFs 8.26% / Quantum Fund 8.21%
Russian Stock Market Overview (RTS) 15/01/2007 – 19/01/2007
During the week the RTSI went down starting from Tuesday and reached the value of 1812,93, which is 2% less than its value at the beginning of the week (1850,21). This negative result could be explained by constantly decreasing price of oil during the week. The overall turnover for the following period was 206 567 153 € at 1 123 deals with the amount of 832 028 385 shares. Share prices of 16 companies went up, 22 companies ended the week with negative change and 12 stayed at the same level. The biggest rise in price was for the shares of ОАО Аэрофлот, ао (AFLT) – 8,44%, and the biggest decrease - ОАО Сургутнефтегаз, ап (SNGSP) – 12,46%.
On Tuesday ОАО ГМК Норильский никель, ао (GMKN) initiated a process of buying it’s own shares (buy-back) from outside investors at the price of 0 (€100), which is way below market price at the beginning of the week. The process will continue till 16 November when actual deals will take place. This process itself can’t be viewed as a sign of positive tendencies in the company – share price fall can be predicted in the future.
The fall of oil price is influencing all oil-companies, including ОАО ЛУКОЙЛ, ао (LKOH), ОАО НК Роснефть, ао (ROSN) and ОАО АК Транснефть, ап (TRNFP) – share prices of all this companies have fallen, but not a lot. However, bigger negative changes could be predicted in future as the oil price is expected to decrease even more, reaching per barrel, because of increasing reserves in USA, which may cause panic reaction from investors.
As oil companies can’t be seen as so safe investment field any more, banking sector, with ОАО Сбербанк России, ао (SBER) taking the leading role, is becoming more attractive to investors. Current stable position on the market could change – companies’ index change could be even higher than market’s in general.
By Dmitrijs Belokurovs
Dmitrijs Kačalovs
Aleksejs Kolpakovs
Jurijs Petrovs
Anna Rubcova |
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