09 August 2010, Monday, 10:53

The stock exchange is waiting for an opportunity

author: Ravil Ramazanov

The last week started quite favorably for the Russian stock exchange with the positive dynamics. The rise of the oil prices at the New-York stock exchange up to 82 dollars per one barrel with further fall to 80 USD has become the key stabilizing factor. On Monday the market of shares was growing up uninterruptedly with the 2,5% growth for just one day. But in a day the rosy hopes started to fall to pieces. The Russian stock exchange began to loose its indices and the negative international factors started to accumulate at the same time.

The investors became disappointed in the statistics from the US labor market – the growth of the applications for the doles made up 479 thousand (the three-month maximum). The growth of the primary dole applications in the labor market of the USA is the evidence that restoration of the American labor market remains still too slow and uneven in order to backstop the rise of the consumer confidence in the economics and, as a consequence, to contribute to the growth of expenses of the citizens of the richest country in the world. The experts predict the growth of unemployment in the USA up to 9,6%. The unfortunate information about industrial production in the Great Britain and Germany has also become the negative news for the European markets.

The European currency has become the leader on the profitability of the savings’ instruments in July, available for population both as the deposits in the banks and as the “piggy banks”.

In a whole the last week turned out to be rather good for the shareholders. The Russian stock exchange still preserves its positions. By the end of the last week the RTS index was at the level of 1403 points and the MICEX index – 1510 points.

The interest in the shares of the Bashkir issuers was preserved but the list of the bargained shares was rather short. Thus, the shares of JSC “BASHKIRENERGO”, JSC “Soda”, JSC “SOTSINVESTBANK”, JSC “URALSIB”, JSC “UFAORGSINTEZ” and JSC “Utchalinsky ore mining and processing plant” faced zero demand at RTS as well as the shares of JSC “BASHINFORMSVYAZ” at MICEX. The transactions with the shares of JSC “BASHINFORMSVYAZ” and JSC “Beloretsky metallurgical plant” were resumed at RTS but the deals with the shares of JSC “NOVOIL” and JSC “UFANEFTEHIM” were suddenly shutdown.

After a two-month break the shares of JSC “BASHINFORMSVYAZ” began facing certain interest again. The ordinary shares of this biggest Bashkir provider were readily purchased at 0,1357 dollars (+2%). The privileged shares of this issuer faced no demand.

The prices of the ordinary shares of JSC “BASHKIRNEFTEPRODUCT” at RTS remained unchanged at the level of 10,70 dollars per one share. The privileged shares of the company faced zero demand.

The shares of the oil company “BASHNEFT” faced high demand as always. The ordinary shares of this joint-stock company have risen in price by 3% and sold out at 36,90 dollars per one share. The privileged shares of this company were sold out at 26,946 dollars. For the last week this price has grown up by 1,7%.

The shares of JSC “The Ufa’s Refinery” also faced active demand and were sold out at 1,46 dollars for one share (the rise in price made up 8%). The last transactions with the privileged shares of the refinery were registered with the price for one share equal to 0,5158 dollars. The drop of the price made up about 7%.

themes: equity market