Market Overview: Russian Stock Market RTS 2011, wk.

13
Week 13 was a bullish week for Russian markets. RTS updated this year maximum, resulting in
2074.49 points with 1.53 % growth this week. Financial RTS decreased by 0.36% this week.
Telecomunication and oil & gas industries increased by 2.48 and 1.92% respectively. This week
winners are Gazprom (GAZPS) +5.42% and Tatneft (TATNS) +3.98%. The only company with
decrease in its price per share was Rosneft (ROSNS) -1.54%. Good news about unemployment
from USA, high prices on oil and gas created a positive information background for this week’s
growth. Optimism prevailed despite negative from Europe about debt problems in Portugal, Ireland
and Greece.

Last week’s Friday ended with an optimistic mood due to the very positive data on unemployment
in the U.S., which gave an impulse for Russian markets to grow – this is expected to continue also
next week. Large-volume buying in banking, oil and gas, metallurgical and other sectors most likely
will continue at the beginning of the week. It is supported by the consistently high oil prices and the
stable rouble. The rising prices of natural gas due to the Japan’s „nuclear crisis” also encourage
investors to buy the energy sector’s stocks. However, the situation is still volatile and may change,
therefore investors should be cautious. Next week attention is to publications of several companies’
financial results, while the main focus is on the ECB meeting that will decide on interest rates.
Overall, the Western markets remain in the positive zone, thus optimism maintains also in the
Russian stock market.

Review by: Laura Laube, Eriks Petrovs, Valerijs Rezvijs, Eduards Sidorovics

1 Market Overview is not an advice. Neither authors nor iFund or other representatives are liable for possible use of information contained in
it. Relatively reliable public information (Exchanges websites, Bloomberg, Reuters, etc) was used to produce this Market Overview.