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8/7/2019 Market Overview: Russian Stock Market (2011, wk.15)
http://slidepdf.com/reader/full/market-overview-russian-stock-market-2011-wk15 1/3
8/7/2019 Market Overview: Russian Stock Market (2011, wk.15)
http://slidepdf.com/reader/full/market-overview-russian-stock-market-2011-wk15 2/3
Market Overview: Russian Stock Market RTS 2011, wk. 15
Figure 1. GMKNS share prices. Source: tikr.ru
This week TATNS experienced an enormous drop of 8.53%. It was caused by the situation in
Libya. All oil companies which had connection to Libya had problems and losses this week, but
Tatneft had even bigger problems. TATNS assesses its losses of investment in Libya around 70
million EUR, thus, affecting the prices of shares dramatically. Current situation in the oil market of
Russia affect the whole situation of RTSI, as oil and gas industry is the largest in Russia it has a
great impact, thus, resulting in overall share price decrease. If such situation in oil and gas industry
will remain the same, many companies, not only oil companies, will still experience losses in their
share prices.
2 Market Overview is not an advice. Neither authors nor iFund or other representatives are liable for possible use of information contained in
it. Relatively reliable public information (Exchanges websites, Bloomberg, Reuters, etc) was used to produce this Market Overview.
8/7/2019 Market Overview: Russian Stock Market (2011, wk.15)
http://slidepdf.com/reader/full/market-overview-russian-stock-market-2011-wk15 3/3
Market Overview: Russian Stock Market RTS 2011, wk. 15
Figure 2. TATNS share prices. Source: tikr.ru
Last week’s Friday concluded in a negative dynamics that was caused by external factors. In
particular, investors in Europe are uncertain about the debt problems in Spain, Portugal, Greece and
Ireland. For the last, the international rating agency Moody’s decreased the crediting rating that also
put some pressure. At the same time, the high oil prices also did not support the Russian oil
companies. The Russian stock markets will closely monitor the situation on international platforms,
and the correction is most likely to continue. The ambiguity of external factors like profits of U.S.
companies, ongoing disasters in Japan, inflation problems in China has forced investors to change
their attitude to risk, therefore, coupled with the background of negative news, „bearish” sentiment
is now determining the movements of Russian market. So next week the correction will continue
and the Russian stocks will decrease their value.
Review by: Laura Laube, Eriks Petrovs, Valerijs Rezvijs, Eduards Sidorovics
3 Market Overview is not an advice. Neither authors nor iFund or other representatives are liable for possible use of information contained in
it. Relatively reliable public information (Exchanges websites, Bloomberg, Reuters, etc) was used to produce this Market Overview.