OREANDA-NEWS. April 26, 2011. No expressive trend was indicated at the global grounds and the trades were plural: mild growth in Germany and France, about 1% adding of Hong Kong HangSeng. Japan and the UK closed in the red zone; trades in the U.S. began with insignificant drop against background of not bad data on the new construction sale. While there are no clear foreign benchmarks at the Russian market were characterized primarily by high volatility: in the first half of the day MICEX index showed 1% growth but by the end of the day growth turned into 1.3% drop following the oil price loss. Almost all the shares of the first and second echelons accurately repeated the dynamics after the index; several notes did not show much play against the market.

Main events

Board of directors set conversion coefficients and buyback prices of OGK-2 and OGK-6 merger.

We evaluate the given news positively for both companies. We assume all the initiatives of the board of directors will be adopted at the shareholders meeting. The named buyback price is higher than the current market levels by 7% and 6% respectively.

Main events

Energy: RAO ES of East in 2011 plans directing 8.76 bn RUR to the repair program, which is 18.4% higher than in 2010.