At our market shares have continued selling that began last night after not fulfilled the hopes of payrolls. Reduced not only our market, but European stock indicators go all lower after disappointing data on retail sales in the euro (-3.3% in May, when the forecast -2.7%). Of course, at the European sites decrease less expressed (DAX -0.5%, FTSE -0.2%), but in a more dramatic reaction of the market to external factors is already used to. Reducing quotes blue chips to this point in time is 4%. Stronger than the other leaders of the recent fall recovery - paper Sberbank (prefy as well obychki), Tatneft (-3.7%) and MMC Nornikel (-3.3%). The most resistant to reduction of paper were NLMK, Polyus Gold and Uralkali - they even show a small increase of 2% a-term drop in the MICEX Index. This support has Uralkali shares news of an increase of 20% of prices for potassium chloride for Russian producers of complex fertilizers, as well as the expectations of the imminent signing of contracts for the supply of fertilizers in India. From the Paper second tier is to first of all shares of Holding IDC (7%), which soared in value after the alleged transfer of inter-regional distribution companies to a single event by 2011 and even though the reorganization scheme, and the participation of the parent holding company in the unknown , market participants have begun to reduce the difference between the current capitalization of the company and the value of its shareholdings in MFC. Surely stick and regional securities firms, after it became aware of the buying CEO of Svyazinvest E. Yurchenko, large blocks of shares Uralsvyazinform (0.44% PC), Volgatelekoma (1.82%) and North-West Telecom (1.32%). Recall that a few days ago, E. Yurchenko declared intention to become a shareholder of all the daughters Svyazinvest, so it is possible that in the coming days we will know the relevant purchases and other securities. Given that going to the major portfolios, such purchase in a dormant trades on the Russian stock market could provide substantial support for the securities of the telecom quotes. Perhaps it is we are seeing now.



We do not expect changes in the market situation in today's auction. Closed on the U.S. means that there will be no release of statistics, or sudden movements at 17.30 Moscow time, when bidding opened at the NYSE. On the contrary, the steady slide downward, and the absence until the end of the day factors that can change this trend may lead to a closing can be seen burst marzhin-call on individual chips.

We do not believe that, despite a significant drop in quotes blue chips in recent days, now it makes sense to buy podeshevevshie paper. Better yet remain aloof.

CC Finam Management has summed up results of six
Bank URALSIB will not pay dividends on the results of 2008
Asian markets are moving differently
Asia: markets in disarray, the entire fault of statistics on unemployment
The course is kept buying the dollar unchanged - a daily review of the cash markets
AMCU fined the company of the Will-cable to 3 mln UAH
At 16.00 Moscow time the price index value RGBI was 115.16, compared with the closing of the previous day, he rose to 0.043%
By the end of trading session, further reducing the MICEX index was unlikely
Of Perforation Support $ 65.85 /bbl for Brent oil contract paves the way for the 62.5 /bbl