Despite the negative dynamics in the market, it is premature to talk about the beginning of a full-scale correction

Russia's bid opened multidirectional dynamics, which soon evolved into a distinct reduction in a wide range of securities. External factors contributed to this movement. Oil quotes declined under the pressure of negative weekly American Petroleum Institute report showing an increase in stocks of crude oil and petroleum products. As a result, shares of oiland gas sector companies were worse than the market, falling within 1-3%. However the greatest losses in the paper LUKoil and Gazpromneft. Shares rest of the economy declined more moderately. Against the background of falling stocks stood out the growth of paper Rostelecom - investors'd play the reorganization of the telecommunications holding company Svyazinvest, which was unanimously approved by the Board of Directors.

Despite the negative dynamics in the market, it is premature to talk about the beginning of a full-scale correction, which creates the expectation of the tense situation on Russian trading floors. So far, the season of the financial statements of companies are not presented to unpleasant surprises, lying down in the framework of projections and in some cases even surpassing them. Macroeconomic data come mostly mixed, but they still are not the catalyst, which could run correctional decline. Therefore, in the near future if the situation does not fundamentally change, it is possible to count on continued purchases.

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