Tuesday, August 21, 2007

In late intraday equity trading updates, uncertainty prevails on the market.

Blue chips kicked off in the black thanks to significant gains on US and Asian stock markets. However, the upturn was short-lived and liquid names drifted south in the afternoon. Uncertainty prevails on the market. Losses are around 0.5% so far. However, in the event of stabilization on the international equity markets, domestic shares could climb further. Sberbank and UES have outperformed the market. On the second-tier front, TGC-13, TGC-8 and TGC-1 look appealing.

Alexei Butenko, Asset Manager, Finam Investment Company

Read More...

[Source: Russian Stock Market Blog]

No comments: