The Russian stock market corrected, but that is no reason to panic

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The Russian stock market corrected and it is a good opportunity not to panic, and to search for cheaper and resold shares. Major market participants are doing just that. Amid falling oil prices the Russian stock market is under pressure. But we must understand that the oil market is subject to external geopolitical factors and any external changes sensitively reflects changing market conditions of this market. After a significant fall in the shares of the company “Yandex” has attracted the attention of investors and have already begun growth.
Shares of “Yandex” has grown by more than 11%, in connection with the reports that the company’s CEO is not interested in selling the company nor the savings Bank, to anyone else. It would seem that this is good news for shareholders of “Yandex”, which was shocked by the fact that last week learned that the Russian state-controlled Bank Sberbank may acquire 30% of shares of “Yandex” and confidently put the company under the thumb of President Putin.
Fearing this, many participants who held these securities were hasty to sell them, which led to the fall. Then it only makes sense that investors will breathe a sigh of relief after the General Director of Yandex Arkady Volozh – who along with other founder members still controls 57% of the company this morning made a record, and told Reuters: I’m not going to sell their shares”. The price at which began buying up these shares amounted to RUB 1750.00 per share.
The us stock market continues closing of the trading session multidirectional movement. Shareholders see active in the corporate reports of the companies and there is in fact an outflow of capital from less promising to more promising. Health consortium USA Johnson & Johnson (N: JNJ) said Tuesday that it is acquiring all of the outstanding shares of the Japanese cosmetic firm’s Ci: z Holdings Co Ltd (T: 4924) that it does not already own a 230 billion yen ($2.05 billion).
US company will pay 5 900 yen per share of Ci: z, 55 percent premium on the closing price on Tuesday, and expects the deal will strengthen its market presence in Japan. J & J is the second-largest shareholder of the Japanese company owns a 19.9 percent stake through a subsidiary. Against this background, the company’s shares will be traded above $140,00 per share in the short term. Also noteworthy is Philip Morris International Inc. (NYSE: PM).
They released cheaper versions of its products IQOS “not burning” in Japan on Tuesday when he tries to revive sales and prevent competition with other alternatives to conventional cigarettes. Since the regular electronic cigarettes with nicotine liquid is effectively banned in Japan, the country became the main market for products with “no burn” (HNB), which produce less smoke and smell less than normal cigarettes.
Philip Morris International Inc., the manufacturer of Marlboro cigarettes, first began selling products HNB in Japan in 2014. But after the initial sales growth last year, he faced competition from British American Tobacco (LON: BATS) and Japan Tobacco Inc. and its market share in recent quarters has stopped growing.
The company has reduced the prices of their devices in the beginning of this year, as competition intensified. After overcoming the mark of $90.00 per share, the company’s shares have good potential for growth to $100.00 per share.
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Gaidar Hasanov
Expert
“International financial center”