MACROECONOMICS.

The federal service of statistics published the report on results of weekly monitoring of production of mineral oil about volume of production, a turnover, stocks of mineral oil and consumer prices for them from September, 25th till October, 1st, 2006.

Primary processing of oil - 4156 tons, that is 2,3 % below according to monitoring of the last week. Petroleum production - 677 thousand tons, diesel fuel production -1186 thousand tons did not change.

Reduction in petroleum price was observed in 12 centers of subjects of the Russian Federation among which the greatest decrease was observed in Makhachkala - 1,6 %, including petroleum of mark A-76 (AI-80, etc.) - 3,6 %.

In 67 centers of subjects of the Russian Federation motor petrol price remained at a level of the last week.

The increase in the average prices for motor petrol is registered in 9 centers of subjects of the Russian Federation. The greatest gain of petroleum prices was noticed in Tula and Leningrad region - 0,3 %.

In Moscow and St.-Petersburg motor petrol prices on the average increased 0,2 % and 0,1 % accordingly.

The oil prices for of the nearest month of delivery dipped on ICE and NYMEX on results of the tenders on October, 11th, 2006. On InterContinental Exchange Futures in London the price of futures of Brent oil with delivery in November made $58,65 (-$0,69) a barrel. On New York Mercantile Exchange the price of Light Sweet Crude oil with delivery in November made $57,59 (-$0,93) a barrel.

It is the lowest oil price observed this year. Record-breaking low oil prices in the beginning of 4 quarter of this year put pressure upon the Russian share market, drop in stock quotations of the raw companies pulls all market downwards.

MARKET‘S GENERAL ESTIMATION.

Owing to reduction of prices in oil market on Wednesday on the Russian share market there was the wave of sales.

Yesterday RTS index ???????? remained below a level of yesterday's closing, having finished the tenders near a mark 1585,55 points (+0,08 %). The turnover of the tenders at stock exchanges was at an average level.

The shot upwards yesterday was designated by the evening in papers of the JSC "United Energy Systems" (+2,55 %). During last days quotations of NorNickel, Sberbank and Gazprom updated their monthly tops shares of JSC UEG remained practically at one level. Probably players decided to correct this injustice. The nearest purpose of growth of the JSC papers can become a mark 20,35 rbl.

Day time correction touched yesterday sector of shares of Sberbank (-0,24 %) in connection with that in the European share markets there was the wave of sales on shares of the largest financial structures: BNP Paribas, CS Group and Deutsche Bank.

Shares of Transneft (-1,77 %) traded yesterday worse than the market even in spite of the fact that management of the company forecasts increase in net profit in 2006 by 6.2 % up to 60 billion rbl. Nevertheless owners should not count on generous dividends from preference shares besides Transneft management already repeatedly declared that is not interested in questions of growth of market capitalization of their company.

Gazprom.

Despite pressure from oil market shares of the joint-stock company are kept above a range 10.5 on RTS. Recommendations remain without changes. Purchases from 10.5 are kept, stop - at a line of entrance in break-even.

RTS index

Gazprom in RTS