Stock market review, September, 15

Discussion in 'Stocks' started by Broco, Sep 15, 2008.

  1. Broco


    The results of the trading day, 12 September: MICEX index grew up to 1137,76 (+6.03%), RTS index – to 1341,75 (+3.36%).
    Securities of the rough sector were in excellent position. Gazprom shares increased as 7,09%, Lukoil – as 11,18%, Rosneft – as 2,88%. Growth of these quotes was provided by the increase of oil futures on September, 12. Considerable growth of telecommunication, metallurgical securities was the feature of the trading day.
    At the same time we think that Monday will be opened by the down gap. Investors will be searching for the entry moment for the market. In the view of short term actions we recommend to initiate short positions for oil and gas and bank branches. In the middle of the week we expect a new turn of shares’ increase.