Market Analysis

RTS Index on the basis of the last trading day of the week increased by 1.61% to thus 1 017.47 Fri. Indicator RTS-2 by 18:00 Moscow time Friday gained 1.64%, and concluded the session at around 893.06 points.

Somewhat better market for the Russian Trading System stock exchange today, the paper looked metallurgical and mining enterprises, first of all - Norilsk Nickel.

published Friday performance of OAO GMK Norilsk Nickel for the II quarter. 2009 demonstrated positive dynamics of change in relation not only to I square. this year, but to their values for the same period in 2008 In addition to it became known today, in January-June TG payments to shareholders Nornikelya may exceed 20-25% of net profit under IFRS, which the company as part of its policy of dividend paid to shareholders prior to the crisis. It should be noted that in the past year the company paid no dividends at all, because in 2008 it received $ 555 million net loss.

another engine of growth began on Friday shares of Russian banks. In the coming days, additional issue VTB of 9 trillion. 1 par value of securities cop. must register FSFR. A week after the receipt of the request, on August 10, TG will begin road show in continental Europe, Britain and the United States. Interesting enough to be published today, saying one of the managers of the bank, according to which the price of accommodation VTB shares will be determined only at the end of August, TG and will depend on market conditions.

Raising quotations of securities of other segments of the stock market in the Russian Trading System stock exchange today has evolved quite evenly.

U.S. GDP data for the II quarter. TG were markedly higher than average market forecasts. However, in general, including - subject to downward revision of the previous changes of the index, they do not seem to market a significant positive surprise.

However, the information in the coming weeks, it seems, will help restore the confidence the investment community to financial markets and, consequently, contribute to the success of regulatory structures which are directed at normalizing the situation in the financial sector. From this perspective, the investment climate in the Russianstock market as a whole, despite the persistence of the Russian economy in the medium-term risks, it seems to remain favorable.

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