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
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[Source: Russian Stock Market Blog]
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