The bustle around Sberbank

The speculators are ready to switch from the energy sector to a banking Russian stock market yesterday made an attempt to play positions lost over the past two days. Despite the rather weak discovery closer to noon, the market took a good start, and there were no attempts to decline until the evening.

“Even despite the negative dynamics of the oil market, which remained most of the trading day, Russian investors chose not to respond to intra -day oil fluctuations,” says Moscow Bank, Mikhail Lamin Bank. It is possible that the attention of investors was more concentrated on the positive closure of yesterday's trading in America and preserved growth at European venues.

According to the results of trading, the RTS index rose by 0.62% and reached 1905.46 points. All “blue chips”, including shares of the oil and gas sector, whose quotes grew by 0.5 - 1%, were demonstrated positive dynamics. The growth leader in the oil and gas sector was Rosneft shares - investors played news about the approaching auction for the sale of Yukos assets.

The main attention of the banking sector is concentrated around Sberbank shares. “In anticipation of the release of official information about the price of placing its shares, speculators use any opportunity to play the volatility of the issuer's quotes. However, judging by the market, investors are optimistic in relation to the price of future accommodation, ”said Vadim Zuev IR Russian Financial Traditions.

Stocks of regional energy companies are still growing, although not by such an impressive pace. So, relatively liquid Mosenergo and Irkutskenergo added 3%. According to analysts, strategic investors finish the purchase of shares, and a significant correction may soon be followed. Promotions of RAO UES on Wednesday traded at the market level, quotes grew by about 0.6%. The growing market pulled the shares of telecoms, which for a long time bargained in negative areas. The market leaders today also have shares of Severstal, Norilsk Nickel and AvtoVAZ. Today, experts do not exclude the possibility of continuing the positive dynamics of the market, provided that the favorable foreign economic background is preserved.

02/21/2007 / Marina Kadykova, the material was published in the "newspaper" No. 33 of 02.22.2007.