Market Analysis

June we have closed in the red corridor (almost -16%). We saw a correction after four months of growth. If we look in more detail at the beginning of the month, ie June 2, we saw a historical maximum of the year, and immediately thereafter we saw a sharp drop-down, which slowed down by the end of the month. Among the hardest hit shares fell banking sector, namely, Sberbank (-15%). But with a maximum value of 56.90 EUR., A correction of almost 40%.

Leaders of growth were observed, but minimal decline was observed in the energy sector, for example, RusGidro (-7%).

Regarding the oil, then one month it has risen very good (10%). This is due to many factors. First, go on oil in America, who spoke on the decrease. Secondly, the markets there is high liquidity and the money went to the markets of commodities. This is a very large speculative component. Plus, an explosion in the Nigerian oil militants. This all had an impact on the cost of oil futures. All the latest projections of the major investment houses say that oil prices will soon rise even higher.

But, judging by the fact that oil is in the green corridor (10%), while the Russian market adjusted, it can be concluded that expensive oil affect us negatively.

I think that the rebound, which could be observed in the market until June, as from 31 December to 2 June, when the MICEX index rose by 95%, was so intense that the current correction looks quite normal. I even think that it may continue for some time.

Also, the main news of June are the last in Ekaterinburg the meeting of the SCO and BRIC, which is very much talked about creating a new reserve currency, which could become an alternative to the U.S. dollar, at least within those organizations.

I think that those investors who have not yet recorded a profit, it is worth it to fix, and those who have already done this, I recommend to stay away from the market because I believe that the fall in the market may continue. But it seems to me that those investors who did want to stay in the market, it is better to focus on short-term transactions.

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