OREANDA-NEWS. October 12, 2010. On Monday the market grew mainly at the expense of the increased oil. Activity of trades was low due to the holiday in the U.S. Growth of cost was indicated on the shares of the oil companies, and Gazprom also (on the statements of development of the industry and taxation). Weak sale was indicated on the shares of AvtoVAZ and Kamaz, which currently are overheated.

Market tomorrow. We assume tomorrow slight cooling down might be indicated at the market due to the oil prices roll back.

The trading session at the Russian bond market went without an idea on Monday. The turnover volume as we forecasted lowered significantly versus the previous active week. The following were the most traded notes: HydroOGK-1, Zenith MB-2, Tatneft MB-1, MDM Bank MB-1, RZD-6, Mechel-2, and Nomos-12. At the Russian Eurobond market the trading session was calm also. At the same time the sovereign loan Russia-30 was testing the level of 121% of the nominal value.

Market tomorrow. On Tuesday we expect preservation of extremely low turnover volumes, liquidity will likely return to the market after the trades’ open in the U.S.