FINAM - Daily Market Watch - Oct 22, 2009 - ADP News Middle East & Africa

FINAM - Daily Market Watch - Oct 22, 2009

By ADP News Middle East & Africa

  • Release Date - Published: 2009-10-22
  • Book Genre: Economics
  • Author: ADP News Middle East & Africa
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FINAM - Daily Market Watch - Oct 22, 2009 ADP News Middle East & Africa read online review & book description:

Market Roundup Domestic equities kicked off to the downside Wednesday, but the benchmark clawed back its losses and managed to head higher on the heels of strong earnings reports published by American corporations and an uptick in US indices, with the RTS Index inching up 0.03% and the MICEX Index advancing 0.84%. O&G plays took a sharp leap heading into the final bell as oil prices rallied, with Gazprom adding 0.3%, Rosneft rising 1% and Lukoil edging up 0.2%. Sberbank stocks grew 2.2%, while Bank VTB eased 0.6% after the publication of ambiguous financials. Steels lagged behind the market, as MMK lost 1.6%, NLMK pulled back 2.8% and Severstal eased 0.9%. US benchmarks opened higher yesterday after Yahoo released impressive financials, but before the final bell investors were disappointed by Boeing's earnings report and analysts' negative recommendations.

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