On the commodity market again dominated by the negative dynamics: the price of oil brand Brent reached a level $ 63.6 per barrel

Asian sites completed so far modest reductions: Japanese index (NIKKEY) down to 0.342%, the index of Hong Kong (Hang Seng) fell to 0.291%, Chinese index (Shanghai Composite) dropped in price on 0,67%. The exception was the Korean Index (KOSPI) increased by 0,368%. European sites show multidirectional movement: English Index (FTSE) rose by 0.12%, German Index (DAX) dropped -0.62%, the French index (SAS40) lose more than 0.67%. Markets expect the statistics of major U.S. companies for the 2 nd quarter. These will have to go tomorrow.

Today, RTS index rose 0.34% to 924.11, paragraph marks. Indexes MICEX and MMVB10, in turn, added to 0.19% and 0.79% respectively. Major blue chips in the new range from 0.10% to 0.50%.

commodity markets dominated by a negative trend. Oil prices reached a level of brand Brent $ 63.60 a barrel (-0.70%). Gold down to $ 923.70 marks per troy ounce (-0.065%). The decline in the metals market is held in a range from 0.5% to 1.20%

In the 1 st half of 2009 the index of second-line (RTS-2) grew by 57.93%. RTS Index over this period showed growth of 57.46%. Thus, it can be concluded that the index of second-tier shows, even though slightly, but the best performance. Many of the securities included in the index showed an increase of more than 100%. Shares Wimm-Bill-Dunne with the beginning of the year grew by 150%, SOLLERSa shares went up by 125%, shares Raspadskiy grown up to 120% shares Polimetall, OGK-4, a magnet gaining 93%, 181% and 133% respectively.

Among the second-tier stocks stored undervalued securities - ordinary shares Kuzbassrazrezugol with potential for growth of more than 100%.

Kuzbassrazrezugol - Russia's largest mining company in energy coal (about 20% of Russian production). Stocks of coal at the balance sheet of the company is 2.3 million tons, enough for at least another 50 years of the company. The company is a part of the team UMMC.

Drivers:

• More than half the company's products are exported (55% on the basis of 4 months. 2009), which is beneficial in terms of stability of demand.

• Stable production during the first 4 months of 2009 reduction in output of only 11%.

• The low score in terms of EV /production: $ 35 /t. ($ 180 /t on average, to analog).

• Low production costs, cash costs 2008 = $ 19.1 /t. Authorize and appreciate the story;;

Your grade will be the first!


Analyst Ratings


Net Assets TransCreditBank on the basis of 2008 increased almost twice and reached 235.2 billion rubles
The Cabinet instructed Minagropolitiki, Ministry of Economy and Ministry of Finance to explore the possibility of setting minimum purchase prices for milk
Employers created a representative body at national level
In the second half of Russia's chips will maintain a significant growth potential on its cash flows
External background did not allow the market to consolidate above the resistance level at 935 on the MICEX index
Euro regained the lost position yesterday, and to rise above 1.4 to the dollar
The crisis took the leadership in Moscow in the list of most expensive cities in the world
Media: The Chinese made an offer to purchase Opel
Poland will increase the capacity for gas storage, for fear of disruptions in the supply of new



Leave a Reply
\