The rapid quotations growth that took place during the trades in the Russian stocks on Friday, September 19, didn’t have any continuation on Monday, September, 22 – according to the results of the trading session, the indices added 0,6-1%. The trades’ volume has exceeded hardly the Friday indices, when the stock exchanges have been trading within half of the day. The market participants expect the entry of the budgetary facilities to the market, as well as the recovery of the affected companies and banks’ solvency.

JSC TransContainer’s IPO planned for 2008-end should have become the acid-test ratio of the investors’ interest in the subsidiaries of Russia’s Russian Railways JSC (RZD). However, the dire condition of the stock market has made the company to put off the placement to 2011. The IPO of another RZD’s subsidiary – RefService – is put off as well. The experts are puzzled concerning the duration of the pause, since, in their opinion, the market will recover earlier. So, at the moment, RZD has to look for other ways of facilities attraction

The foreign investors come back to Russia’s stock market. Within the last week, September, 11-17, the facilities inflow to the investment funds exceeded $76 million. The measures on the stabilization of the situation at the financial market undertaken by the state encouraged this process. However, the market participants consider that the facilities belong to the stock speculators mainly, and they can be funneled out of Russia at any moment.

The urgent measures undertaken by Russia’s state regulators on the liquidity growth of the Russian equity market participants provided the rapid recovery of the quotations that had been falling lately.

The problems of the American financial organizations resulted in the direst collapse at Russia’s stock market. The indices of RTS (Russian Trading System) and MICEX (Moscow Interbank Currency Exchange) lost 11,47% and 17,45% respectively, and equaled the levels of 2005-end. The stock exchanges were forced to stop the trades. The experts warn that the worst is ahead, since in the nearest future, the collapse of the market will lead to the serious problems with the lending of the Russian companies, and some of them can go bankrupt.

Strikeforce Mining and Resources Ltd. (SMR) (owns mining assets of Basic Element Company and belongs to the top billionaire Oleg Deripaska) can become the first Russian company that will hold IPO at the Hong Kong Stock Exchange. Early in October, SMR will present the oncoming IPO in Hong Kong.

On Thursday, September, 11, Deutsche Bank and UFG Asset Management (UFG AM) declared that they have inked the agreement on the strategic partnership and business cooperation in Russia. According to the terms of the agreement, Deutsche Bank, through its asset management division, will buy 40% in UFG Invest, Russia’s managing company owned by UFG AM, with the opportunity to increase its stake to 100% in the future.

Russia’s National Wealth Fund (NWF) enters the corporate securities market. About 80% of its facilities will be invested in stocks and bonds of the foreign companies mainly, but the Russian organizations will get the stake as well.

On Friday, September, 5, Russia’s stock market capitulated. “We opened the market with the drop of 2%, then it fell to 9%, and then grew to – 4%”, as the top-trader of Troika Dialog Timur Nasardinov says. By 15.00 Moscow time, the RTS index updated the minimum since the end of June, 2006, and fell to 1407 points, but it grew to 1469 points (-3,8%) at the closing. The total capitalization of Russia’s public companies went by 3% down, to $1,086 trln.

Russia’s managing companies will get a new tool permitting them to get an additional income for the stockholders. The Federal Financial Markets Service (FFMS) intends to permit the managers signing repo agreements using the assets of the investment funds. Since the beginning of the year, the mutual funds’ losses reached 21% on average. So, according to the experts, the FFMS’s innovation will help them to compensate these losses