October 5 Stock Market Events Reviewed
OREANDA-NEWS. Last trading day of past week saw a renovation of record oil prices, shares of oil & gas sector rose well, including: LUKOIL (+3.09%), Rosneft (+1.66%), Gazprom (+1.85%), the press service of Veles Capital, an investment company, reported.
The notable event was the publication of a financial report by Norilsk Nickel, which wasrelatively weak, negatively affecting company’s shares quotes. Rumors onpossible purchase of Sukhoy Log deposit by Polymetal reappeared, pushingquotes of company 3.94% upwards. Sberbank quotes’ dynamics wasinfluenced by rumors on personnel shifts inside bank, plus latter continuous drop of quotes. Due to that, shares of company experienced active purchase.Top growth of market occurred at 16.30 Moscow time, exceeding expectations. This news relieved investors’ tensions a bit, confirming that the aftermath of crisis over credit markets is not too deep, and most likely will have no further development.
Total growth of RTS formed 1.21% last Friday, reaching 2115.43 points. Shares of LUKOIL (+3.09%), Gazprom (+1.85%) and Sberbank (+1.36%) caused negative pressure on indicator. While counterbalance was offered by shares of Norilsk Nickel (-1.84%) and Surgutneftegas (-1.1%).
Friday’s turnover of RTS reached 70.9 mn USD. Top interest of investors followed shares of UES (20.5 mn USD), Gazprom (17.9 mn USD) and Norilsk Nickel (9.5 mn USD).
Friday accumulated prerequisites required for further growth of index, as the primary lighthouse of Russian stock market – US stock indices closed positive lately. Hence, it is highly possible for RTS to continue its positive dynamics. However, that further growth brings along a chance of possible correction, hence, the week may become a turning point for sideways, though possibly growing trend, inviting more people wishing to fix their income.
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