The Russian stock indices can’t recover because the prices’ drop at the primary floors has encouraged the new wave of the securities’ sale. The continuing outflow of the foreign investors’ facilities from Russia on the background of the rate growth of the US dollar to the key world currencies resulted in the ruble rate fall to 25,17 rub/$. All these factors combined frighten the buyers off Russia’s assets.

Currently, the politicians are manipulating the market. The global crisis that resulted in the volatility growth, the capital outflow from the countries with the emerging economy and the aggravating relations with the West led to the range of new drops at the Russian stock exchanges. What the players should wait for – either the quotations’ recovery or the new “bear” cycle?

The major Russia’s producer of steam coal – the Siberian Coal Energy Company (SUEK) – can hold IPO at the London Stock Exchange (LSE) already in 1Q of the next year. The extraordinary meeting of the company’s stockholders should approve the additional issue of stocks that will obviously take part in the IPO. The experts say that the industry situation is quite favorable, and estimate SUEK at $6-7 billion; still they don’t forecast the results of the placement because of the dire situation at the stock market

The political risks turned the Russian stock market into the cheapest market worldwide – the ratio of the companies’ capitalization to their forecasted revenue is lower as compared to the crisis of 1998. Only two factors can stop the further quotations’ drop: the stocks purchase by the companies or the large-scale interventions of Russia’s government

The German exchange operator Deutsche Boerse AG attracted the largest Russian player – Troika Dialog – to Eurex, one of the world’s largest derivatives stock exchanges. The investment company is the third Russian broker that became the member of the German stock exchange. However, despite the results of the brokers’ attraction, Deutsche Boerse AG didn’t manage yet to reach its core aim – the Russian issuers’ presence.

 
Updated August 20, 2008
Finam Investment Company will penalize those clients, which don’t conduct any operations with their accounts within half a year. All large brokerage companies have faced the problem of dead accounts, as the majority of clients prefer not to conduct any operations with securities at the falling market. Other [...]

In 1H 2008 volume of bill debts in Russia has almost doubled as compared to analogical period last year. Companies that issued bills to settle with bonds owners provided this growth. Such operations number growth at the debt market increases risks both for issuers and investors, as experts warn

N-Trans Group of Companies consolidated its port assets under the structure named Global Ports by analogy with the railway company Globaltrans, 29% of which the Group sold on the LSE in spring. But N-Trans has probably to put off Global Ports’s IPO because of the unfavorable market situation.

Troika Dialog is the first Russian investment bank having published the special review of the consequences of the Russian-Georgian conflict for the Russian Federation’s markets. Troika Dialog analysts headed by Kingsmill Bond speak about the market that reminds the situation with Yukos’s case, and they warn that if the negative scenarios develop, investors will forget about Russia, as they have forgotten about Argentina and Venezuela. They think that now the Russian stock market is the cheapest market in the world and consider that the stake of the foreign players at the stock market can become lower, than of the Russian ones, because of the capital outflow.

In the conditions of instability at the market, the Russian managing companies are mainly concerned with their financial results rather than the level of information disclosure on their web sites. About this indicate the results of the fourth research the Interfax Center for Economic Analysis (Interfax-CEA) has done in May, 2008