Russian stocks likely to keep growing next week

Given the current level of the RTS index, its growth might exceed 8 percent this week. The index will probably close at 510 points at least, Aton Capital analyst Anatoly Kaplin thinks. So, the psychologically important level of 500 points has been broken through, he stressed. "I suppose that the index will set a new record next week. The growth over the next five sessions might amount to about 3 to 5 percent. A trade volume will be gradually restored after a vacation season. LUKoil might be the leader of the advance since its shares have not recovered from the July fall yet. YUKOS shares are bought amid the reduction in political risks. Moreover, interim dividends might be announced at the end of the month, which can lead to a 5-percent gain in YUKOS shares. Mosenergo shares, 'favorite securities of speculators', seem to perform better than the market. These shares can surge to about RUR2.20 to RUR2.25 per share amid low liquidity and positive results of the H1. Among second-tier shares I would single out RBC securities. These shares are actively traded. Investors seem to be getting ready for the start of RBC-TV's broadcasting scheduled for September 2. Although the TV channel will not be paid back over the next year, a psychological effect and the expectation of future profits can push these securities upward. The company will develop stably and rapidly even without the channel. Advertising brings major revenues to the company. The capacity of the advertising market grows constantly, which will provide for RosBusinessConsulting's further expansion", the expert thinks.