29 November 2009, Sunday, 13:59

Stock market failed to hold its positions

author: Ravil,Ramazanov

The last week started under very high oil prices- more than 77 dollars for one barrel and this fact went on positively affecting the situation in the Russian stock market. From another side the situation is aggravated by the fact that the Central Bank of Russia officially refused from supporting Russian ruble further. The events in the Russian stock market were occurring under counteraction of these two tendencies. On Monday we observed the growth of RTS and MICEX indices by approximately 20 points up. But the next reduction of oil prices started to pull the stock market down. For the last week the RTS index has lost about 5% and fell to 1367 points and the MICEX index fell by 4% to 1286 points. The oil prices are still found at the level of 77 USD for one barrel and it gives certain hopes.

Unfortunately, though the interest in the shares of Bashkir issuers was rather high, the prices for practically all shares of Bashkir enterprises went down, except the shares of JSC “UMPO”. Thus, shares of JSC “BASHINFORMSVYAZ” were actively sold out n RTS system but the price of its ordinary shares fell by 4%, making 0,12 USD per one share. The privileged shares of the largest communication operator RB faced no demand.

Ordinary shares of JSC “BASHKIRNEFTEPRODUCT” were readily purchased too and the price of the last deal made 10,5 USD (the growth about 4%).

The deals with the shares of JSC “URALSIB” were resumed again but the price fell by 3%, making 0,0058 dollars per one share.

Ordinary shares of JSC “UMPO” were actively sold and purchased and the prices grew up by 51% for the last week, making 0,649 dollars per one piece.

The prices for ordinary shares of JSC “UFIMSKY Refinery” fell from 1,16 to one dollar and its privileged shares faced no demand.

The activity in MICEX was rather high as always. Ordinary shares of JSC “BASHINFORMSVYAZ” of “A” type were sold out here at 3,496 rubles and one week before the price was 2,5 rubles. Ordinary shares of “B” type of the same issuer were sold at 3,4 rubles per one piece and the drop of prices for the last week made more than 6%.

themes: stock market