Russia stock market locally looks like an overrated, in the near future initiative will be on the side of the bears

Today, the strengthening of the dollar against the euro and the incipient decline in global stock and commodity areas have caused a decline of Russia's stock market. America has opened a plus, but probably a negative trend in the world and Russian sites will be continued in the near future. Russia stock market locally looks overrated. I hardly need to act on the principle of our losses on the drum, buy at Khyam. In positive territory today, only the index traded telecommunications sector. However, for long-term investment, we recommend that only MTS, Svyazinvest's subsidiaries, too risky. VTB reported for the first half better than expected, however, it failed to stem the decline of bank shares. Today, Standard Poor's published a study of information transparency 90 of the largest Russian public companies. The first took place in the rating company Rosneft. The contribution of effective management and transparency in the capitalization is significant, though of course it is difficult to accurately quantify.

From our point of view in the long run Rosneft shares will be significantly ahead of obscherynochnuyu dynamics. Dear score Rosneft to cartoonists on Russian analogues is warranted. We continue to focus on the corridor 1300-1500 points on the RTS index to the end of the year.

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Analyst Ratings


Key chips have formed a strong technical resistance levels: 71 for Savings Bank, 200 for Gazprom, 250 for Rosneft
Reporting PPR Group and automaker PSA Peugeot Citroen may deepen Russia's market drop at the end of the session
Russia market after the drawdown at the opening of trying to resume growth, the success of attempts will depend on the news from the U.S.
At 16.00 Moscow time the volume of trading in the market for government securities MICEX amounted to 67.31 billion rubles
Litvitsky: Freezing dezretsessii in the Ukrainian economy requires additional efforts by the authorities
Medvedev: Russia's State expects big business investment in the domestic economy
Outsiders today's session were again ex-leaders - shares of oil and gas and banking sectors
Despite the negative dynamics in the market, it is premature to talk about the beginning of a full-scale correction
Victory bears it will be possible, if the shares are popular companies will close the day at a strategically important milestone

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