In the last day of January, domestic stock indices showed the growing
dynamics as a result of playing EU summit termination and positive corporate
news. Almost all the shares of UX index basket were traded in the positive
territory. Shares of energy generating companies, Centerenergo (+5.72%) and
Donbasenergo (+8.74%) looked better than market due to the information that Governmental
Property Fund plans to place governmental packages of these issuers for
privatization. Speculative growth in shares of MotorSich lasted within the idea
of receiving good financial results by report in 4th quarter 2011.
Trade activity in the market of applications increased more than 2 times.
Results of the summit were taken optimistically in Europe. We remind you
that the pact of budget discipline mitigation and the plan of launching the ESM
in July were confirmed, which is advancing the previously put deadlines in 1
year. Still the confident growth is prevented with unsolved Greece problem and
growing threat concerning Portugal paying capacity. Strong in-day correction is
the witness that European indices are under the great pressure after
publication the information on business activity and the USA consumer’s trust.
Chicago management association activity index decreased in January.
Against growth expected. Conference Board consumer trust index decreased in
January against expectations too. Corporate reports of the USA showed worsening
of balance on yield per share. Exon Mobil demonstrated profit growth per share
in the 4th quarter, which nevertheless couldn’t reach the forecasted
value. Profit of Pfizer increased and exceeded the forecasted value.
Today it is worth to consider the planned placement of short-term bonds
of Portugal as negative factor, which may become the trigger for correction on
European markets. Weak financial results of the world’s largest
Internet-retailer Amazon.com which fixed the decrease of profits in 2th quarter
from 91 cent per share to 38 cent per share against the previous year – which is
negative factor too. Despite profit exceeded the forecasted value, the
forecasts to the next quarter are pessimistic.
Neutral external background was formed on the opening.
Forward market analysis. Put/Call Ratio decreased to 0.46. The sign is bullish.
The Futures for UX – UX-3.12. Technical
analysis.
On the 4-houred timeframe the price placed above the
Parabolic indicator. Oscillators do not give the univocal signs. The trend is
bullish.
On the quarter timeframe the price placed below the
Parabolic indicator. Stochastic and MACD formed the sings to sell. The trend is
bullish.
Analytical department of IC IFG CAPITAL
forecasts index and futures increase by the results of the trade session within
the internal factors. Index support will be continually rendered by energy
generation. Shares of Motor Sich are the string speculative trend. Signs of
negotiations renovation between Ukraine and IMF are positive too.
IC IFG CAPITAL, LLC
Alexey Sidorov
