Stock reports

Stock reports as of January 5, 19:04

		Index		Change
Dow Jones		10769.37		-1.31%
NASDAQ		2494.08		-2.83%
PTC		145.68		+2.48%

Russian stock market
Quotations of Russian shares on Friday at the end of the day increased by 1.1-2.8%. The RTS composite index at the end of the trading session increased by 2.48% and amounted to 145.68 points. The leaders in the increase in quotations were securities of RAO UES of Russia (+2.8%), Surgutneftegaz (+2.7%) and LUKoil (+2.6%). At the same time, the final trading volume on the RTS today amounted to about 12.104 million dollars, which is 0.7 million dollars lower than the same figure yesterday. The main reason for today's growth was the positive dynamics of world stock indices during the day, traders say. The morning insignificant drop in prices of Russian shares was quickly compensated by their growth against the backdrop of optimistic sentiment today on world markets. At the same time, the price of Russian shares rose practically without downward corrections throughout almost the entire day. The opening of stock trading in the United States was accompanied by a fall in the main stock indices. As a result, in the last half hour of trading, prices of Russian shares fell by 1.5% on the RTS index relative to today's maximum value. As of 19:00 msk NASDAQ (-2.83%), Dow Jones (-1.31%).

Asian stock markets
Today, quotations of Russian shares in the first half of the day increased by 1-2%. As of 13:00, the RTS composite index increased by 0.34% and amounted to 142.63 points. The trading volume by 13:10 was only about 1.333 million dollars, which is 4.3 million dollars lower than the same figure yesterday. The morning insignificant drop in prices of Russian shares was quickly compensated for by growth against the backdrop of optimistic sentiment today on world markets. Stock indices in Western Europe and Southeast Asia are rising today. High world oil prices also contribute to the rise in prices of Russian shares, traders say. The growth of American stock indices also creates favorable conditions for playing to increase the prices of Russian shares.

American stock markets
Major American stock indices fell yesterday. The US Federal Reserve's rate cut was not directly reflected in stock trading. In order for the decision of the American monetary authorities to have a real impact on the market, it takes time - about six months. Therefore, investors, realizing that the decline in economic development rates would continue, resumed dumping shares. In the “new economy” sector, which is covered by the NASDAQ index, the shares of Jds Uniphase Corp. fell the most in price. (-10.72%) and Applied Materials (-10.58%). At the same time, shares of the Internet company America Online rose in price by 12.48%, and shares of YAHOO Inc. decreased by 4.44%. As a result, NASDAQ lost 49.86 points. Having eased by 1.91%, the index reached 2566.83 points. The Dow Jones also suffered losses. In the “traditional technologies” sector, shares of tobacco and pharmaceutical companies fell in price: Philip Morris Cor. (-4.14%), Merck & Co (-4.63%). The final level of Dow Jones is 10912.41 points. The decrease in the index level was 33.34 points or 0.31%. The S&P 500 index fell 14.22 points (-1.06%) yesterday to 1333.34 points. The yield on 10-year US government bonds yesterday fell by 0.12% points to 5.02% per annum.

Russian stock market
The growth in quotations of the most liquid Russian shares reached 13% by mid-day. The growth leaders among Russian blue chips were shares of RAO UES of Russia, NK LUKoil and JSC Surgutneftegaz. The RTS index grew by 9.17% and reached 143.03 points. The trading volume by this time amounted to 6.8 million dollars, almost reaching the daily turnover of the previous day. As traders note, a strong positive mood remains in the market, although the growth in quotations is no longer as rapid as in the first hours of trading. The main reason for such a rapid growth in the value of Russian securities remains the expectation of positive changes in the American stock market after the announcement of the decision of the US Federal System to reduce interest rates. “The rate cut had a psychological impact; investors will now not react so nervously to current negative news,” says Sergei Suverov, leading analyst at Zenit Bank. By 14:00, stock quotes for RAO UES rose by 12.57%, LUKoil - by 14.01%, Surgutneftegaz - by 13.46%, Mosenergo - by 9.09%.

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