OREANDA-NEWS. October 20, 2010. Veles Capital released Russian stock market October 20 evening report.

Stocks

Market today. The trades went with increased volatility versus the previous days. The conjuncture of the global oil market, which likely was weak, became the main driver. Growth was indicated on the shares of Aeroflot and TMK. Sale took place in OGK-3 and Pharmacy Chain 36.6.

Market tomorrow. We do not expect any serious variations at the market and the further motion will depend on the oil and global exchange grounds.

Bonds

Market today. The turnover volume at the domestic Russian debt market upped significantly. At the same time the prices continued moving within the frames of the lateral trend. The most active trades went on the following issues: RZD-16, -23, Severstal MB-1, WBD MB-1, MB-2, MB-3, MB-8, Gazpromneft-3, MTS-4, NWT-6. At the Russian Eurobond market liquidity on contrary remained low on Tuesday. At the same time the cost of the sovereign loan Russia-30 continued its reduction and by the Russian trades close it formed 120.75% of the nominal value (-68 b.p. of the previous day close).