The bulls opened a year

Photo: RIA Novosti on the first day after the New Year holidays, the Russian stock market denied the doubts of investors awaiting its fall. The RTS index almost from the very opening took off by 6% and continued growth. The growth of Russian ADR and world stock platforms affected. However, experts doubt that “bull” moods reigned in our market for a long time.

New Year's holidays were clearly beneficial for the Russian stock market. So, by 13.30 the RTS index increased by 7.73%, to 1556.31 points, breaking up a psychological mark of 1,500 points. The MICEX index increased by 6.21%, to 1455.05 points.

"Bears" are lagging behind

At the end of last year, when an almost 13 percent increase in the RTS index was recorded, and experts predicted that this was not a limit, and predicted an increase of 40% in 2010. True, not everyone shared the point of view that this growth would begin after the New Year holidays. “In New Year's days, investors were divided into two categories: someone believed that after the New Year the market would begin to grow, someone, on the contrary, considered the fall more likely and, accordingly, behaved,” says Nikolai Podleletsky, head of the analytical department of the Cyrich Capital Capital Capital. So, among investors of share investment funds (Pyths), decadent moods dominated, which resulted in the withdrawal of 1.7 billion rubles in December, which became one of the worst indicators of the last year. Their fears, however, were not justified.

The last year’s trading at our sites took place on December 31, during which time depository receipts for shares of Russian companies that are traded abroad grew. On average, they increased by 5%. At the same time, the receipts of Uralkalia grew by 19.9%in general, the “systems” - by 14%, “Severstal” - by 12.1%, VTB - by 8%. Optimism to players added rising oil prices and the rise in the main world shares. So, the MSCI Europe (the combined European market index) increased by 1.95%, S&P500 - by 2.7%, Down Jones - by 1.8%. At the same time, the MSCI Emerging Markets index (it takes into account the change in quotations in the markets of 22 developing countries) increased by 2.7%.

Following foreign markets

During the New Year holidays in Russia, “bull” moods reigned on world platforms, which served as an incentive to purchases domestic promotions at the opening, says Natalya Lesina, an expert at Alor Group of Companies. This positive will most likely be observed further. “Futures for US indexes today are trading in a confident plus, adding more than 0.3%. In the markets of Asia, positive moods reign. The Chinese index adds about 0.8%, adjusting a little after growth at the beginning of the session; The Chinese market support the news of marginal operations, ”says Lesina. However, the dynamics of raw materials tools will still be the driver of the growth of our market, she said. The basis for growth is a significant weakening of the dollar: a pair of Euro/dollar is traded above 1.45, the expert notes.

However, “bull” moods in our market are unlikely to reign for a long time. Within a week, a number of status both in the US economy and European economies will be announced, which will return the volatility to the Russian market, says Lesina.