OREANDA-NEWS. April 18, 2011. Veles Capital released daily market review:

Trader’s view No serious changes were indicated at the Russian share market on Friday – main indicators varied a bit higher than Thursday close level. The notes of TNK-BP and Rosneft were climbing, aside the representatives of the non-ferrous metallurgy, Norilsk Nickel first of all. For the shares of TNK-BP and Rosneft the support might be coming from the arrangement of shareholders conflict. Buyback of a share of Russian shareholders’ of TNK-BP by Rosneft and BP is named as one of the ways of arrangements. Norilsk Nickel might have been adding due to possible share buyback from the market. Reduction was indicated on the shares of Mechel related likely to the placement of the preferred shares at the market. Note, non-official information came out on the order book for the preferred shares, being placed by Justice’ family, might be signed with discount versus ADR, which leaded to the local cost reduction of shares.