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Russian stock market daily morning report (September 06, 2012, Thursday)

Contributed by Veles Capital

Dynamics of trade at the European share markets showed mixed dynamics. British FTSE 100 was reducing, while the indices of continental Europe (DAX, AEX, etc.) were climbing upwards. Market participants are cautiously waiting for the results of ECB session, which will be held on Thursday September 6 – investors expect the plan of buyback of the sovereign bonds of EU members to be discussed.

Sellers dominated the Russian market today – extra negative came from the reduction of futures for the Brent oil by 0.77% to 113.3 USD per barrel. Investors were cutting their positions on the notes of the majority of sectors. The drop leaders were the shares of the oil-and-gas and metallurgy sectors, however, the most reduction went on the shares of IRNC Holding, TGK-7 and M.Video.

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