Rosneft today published the results of 2009

decline of world indices spoke in favor of opening of Russian sites in the red zone. The fall of Russian indices at the opening should be around 1-1.5%. The focus today will be focused on the sharesof Rosneft, which will publish the financial results of the 2009 standards US GAAP. According to our estimates of net profit in the fourth quarter will be approximately 1.8 billion dollars, however, the reporting company, which from our point of view will be sufficiently strong, is of limited value for the market. Rosneft”s main trump card - it Vankor, but its effect is to substantially manifest itself only in the accounts for 2010. The attention of market participants also remain focused on the issue of confrontation with the Ministry of Finance on zero export duties. We are confident that the conflict will end happily for oil, which will also be positives for Surgutneftegaz. Sales AvtoVAZ results of January were 40% less than in January 2009 crisis. Better a horrible end than horror without end. We expect a significant increase quotations Russian actions in the coming months, noting that in terms of assessing the method of discounted cash flow passage Brent 65-75 dollars /barrel. corresponds to the corridor - 1800-2000 points on the RTS index.

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Analyst Ratings


“Aerosvit” can not meet
Forecasts of analysts: Russia”s stock market is waiting for the opening downward movement within the course of the day trades can be adjusted with data from the U.S.
Today, leaders of decrease in the market of Russia will be the paper of oil and mining companies
In the next session of the market is expected to “Comma delimited with”: MICEX index will be in the range 1360 - 1420 or 1370 - 1420 points
Technically the market of Russid3ba looks good, can not be said about the U.S. indexes, where the uptrend has been broken
In the coming days the attention of market participants are likely to be concentrated in the telecommunications sector
U.S. indexes and oil futures reached a strong support, which contributes to a reversal
If the “bulls” will keep the level of 1390 points on the MICEX index, it is to maintain hope for a turn and a new wave of upward movement
In the case of breakdown at the opening level of 1,390 points on the MICEX index, “Bears” will be used to storm 1365 points