The Russian stock market continues its fall. On a negative geopolitical background, the Mosbirzhi index accelerated his fall.

Now there are many factors (in addition to geopolitics and new sanctions) - a decrease in oil quotes, risks of increasing tax load, as well as a strong ruble. These risks continue to pull the Russian market lower and lower.

When will the collapse end, which shares to buy first?

Outsiders were oil and gas, consumer and metallurgical sector.

If on February 24, on the news about its market, it fell on the MICEX index to 2000 points, now with partial mobilization + an increase in the NPPs for raw materials + various taxes aimed at removing the profit of companies, the potential of the fall has not yet been exhausted.

In addition to the results of the referendum, we are waiting for Vladimir Putin’s appeal to the Federal Assembly (scheduled for September 30).

Now the economy is in a state of shock, and investments in the action are a bet on business and dividends growth. The increase in the profit of companies with unclear economic prospects is not guaranteed.

The needs of the state budget threaten the seizure through taxes, additional expenses, an increase in regulated prices, etc. Even in the case of state -owned companies, the seizure of resources through taxes, and not through dividends, can be selected.

So what to do in such a situation, because the prices for shares are now very attractive now?

For effective investment, the choice of safe companies is important, where business is more sustainable economically and less depends on politics.

When choosing shares in the first place, the company's ability to work efficiently and profitably in the current conditions comes out.

Among the cheaper shares, it is worth paying attention to those that focused mainly on the domestic market:

In the financial sector it is Sberbank; in oil and gas - Rosneft, Novatek; in food retail - magnet; In metallurgical - you can distinguish MMK and Norilikel.

Of the promising, but rather controversial and risky companies, I would choose AFK system, aircraft, Ozon, Segezhu. This does not mean that they need to be bought right now. Until September 30, the market will still fall and the peak of this fall will have to be at the time of the president’s possible.

And according to analysts with Sber CIB, the most effective solution can now be a balanced portfolio: shares - 40%; OFZ and corporate bonds with different maturity - 40%; Cash - 20%.

It is better to choose bonds with a repayment of 1-2 years, since there is a high probability that a key rate can grow against a background of panic in the economy.

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