Farewell to RITEK

some recovery in oil prices would allow domestic exchanges to open today in the Green Zone. Accordingly, the favorite trades can be oil and gas sector, rising oil prices and the positive rate for the ruble.

As of today RTS extends the basic trading session in all markets until 18.45 Moscow time.

LUKOIL today published its financial results for the second quarter of Standards US GAAP, which traditionally affect not only the paper company, but also on the market in general.

LUKOIL is also proceeding to the final stage of consolidation RITEK. Collecting 98,44% of the capital, Lukoil has sent the remaining minority shareholders the mandatory redemption of their securities. Shares valued at 211 rubles. apiece, which implies a premium to the market at 4.5%. This news is neutral for the market LUKOIL. However, once the shares RITEK were one of the most attractive second-tier securities, the company featured transparency and quality of exported oil. We recommend that minority shareholders RITEK actually save the position, shifting the proceeds from the sale of shares in stocks of LUKOIL.

FAS Russia fined TNK-BP and Gazprom Neft for abuse of dominant position in the wholesale market of oil products. Fines for TNK-BP Holding amounted to about 4,2 billion rubles for Gazprom oil - about 4,7 billion rubles. Amounts of course for companies is not very large, but the impact on the market - local negative.

VimpelCom Revenues for the second quarter of US GAAP standards was 69 billion rubles. to 62 billion rubles. year earlier. Net profit rose to 11.1 billion rubles. to 22.6 billion rubles., so a significant increase in net profit partly due to the positive revaluation of monetary assets and liabilities of $ 10,6 billion rubles. Despite the strong financial results for the investment, we prefer to MTS, VimpelCom shares.

Important macroeconomic variables now should be to allocate the publication of data on changes in private consumption expenditure in the U.S. in July
The growth of the energy market and the American share platforms support the bulls and allow them to break the level of 1100 points
During today's trading session, the MICEX index may return to 1 100 points
If the statistic data from the U.S. will not be significantly better than expected, the markets today can cover a wave of profit-taking
Today the market of Russia will affect the financial results for the US GAAP for 1 half of 2009 companies such as Lukoil and NLMK
Quotes of the ruble against the dollar and against the currency basket of the MICEX today are 31,64 and 37,72 rubles (31.65 and 37.69 rubles at yesterday morning's auctions)
Now oil is trading at $ 2 per barrel higher than it was yesterday, respectively, are prerequisites for the opening of 1,5-2% gepom top
Today, the signal may be for sale by its breakdown of the MICEX index level of support for 1050-1060 points
At the start of the trading session will be the favorites of Russia's oil and gas sector stocks, which have been seriously resold on the eve of