Domestic stock indicators opened the week with a
growth in different directions. The external background was positive and
determined by the decision to provide a new financial tranche to Greece. Bulls were
also supported with the decrease in norm of obligatory banking reserves by
Chinese Central Bank and with the forecast of Bundesbank on economy dynamics 2012.
According to this document, German economy will increase by 0.6% this year and
by 1.8% the next year.
There was no trade in the USA due to national holiday.
The majority of shares of UX index basket were traded
on the positive territory. Shares of wagon builders were kept as leaders among
liquid shares. Trade volume on the market of applications increased. It is also
worth to admit the redistribution of trade activity from more liquid to less
liquid shares, which by analyst of IC IFG CAPITAL Alexey Sidorov may speak of
expectation for soon quotations drop.
Today on the moods of investors will be positively
affected by Greece aid tranche approval and the agreement of partly write-off
of the debt. The final decision is not published yet and may surprise players.
The resisting factors for bulls is the begin of three-days auctions in the USA.
2-year notes will be placed for the total sum of EUR35 billion, with the common
volume of EUR99 billion.
Neutral external background was formed on the opening.
Forward market analysis. Put/Call Ratio increased to 1.51. The signal is bearish.
Analytical department of IC IFG CAPITAL forecasts
index and futures decrease by the results of trade session.
IC IFG CAPITAL
Alexey Sidorov
www.ik.ifgcapital.com.ua
www.ifgcapital.com.ua
