OREANDA-NEWS. Veles Capital IC announced the preliminary H1 2013 results. Turnover on stock market increased +68% as compared to 2012 H1results and formed 7,5 bln EUR (net of REPO operations). At the same time the turnover on Moscow Exchange (stock market, main trading mode) increased +32% and formed 1,2 bln EUR; client's operations turnover increased +60% and formed 29,4 bln EUR.

“Developing on the stock market is one of the company's priorities. In H1 2013 we took some actions to update and improve the company's structure. Also we hired Denis Sarantsev, one of the leading traders on Russian market. In H2 2013 we are planning to improve the team and invite several more specialists. In spite of the very poor market conditions, now it is a good moment to develop the stock market operations, as in future when the situation will turn to the better we expect to have advantages ”, - said Eugeniy Shilenkov, Veles Capital's deputy general director.

Veles Capital also increased operations on fixed income market. Bond turnover increased +83% as compares to H1 2012 results and formed 21,3 bln EUR (net of REPO operations). Turnover with promissory notes increased +11% and formed 24,6 bln EUR.

With general increase of investor's interest to foreign equities, Veles Capital increased turnover with securities nominated in foreign currency. The turnover with stocks of foreign companies in 23 times increased the result of the H1 2012 and formed 98 mln EUR. Eurobonds turnover increased +75% and formed 3,7 bln EUR. Currency promissory notes turnover increased + 58% and formed 1,4 bln EUR.

“In the situation when investors have no interest to risky assets and foreign funds pull investments out of Russian market, stocks of the large foreign companies from non-cycling sectors with their clear dividend politics look very interesting. While MICEX lost 28% in H1 2013, S&P 500 increased +20%, that's why investors prefer liquid markets with rather positive environment. Veles Capital group has licensed in EU broker, so our clients can benefit from operations on the foreign markets too.

Speaking about increased turnover of the currency promissory notes Evgeniy Shilenkov said: “Being afraid of devaluation of Ruble Russian banks increase currency reserves and buy Eurobonds and promissory notes. In spite of the widespread opinion promissory notes nominated in foreign currency is a very good financial instrument with shorter duration and higher rates as compared to Eurobonds”.

Veles Capital IC has been operating on the Russian financial market since 1995, rendering services on Russian equity and real estate markets for large corporate and private investors. Veles Capital brand unites investment companies in Russia, Ukraine and Cyprus; trust management companies Veles Management and VELES TRAST, Veles Capital IG rendering services in M&A consulting and private equity; Veles Development managing real estate investment projects. Veles Capital IC is one of the only few Russian investment companies with international credit rating Standard&Poor's (B/B/ruA-, stable forecast, confirmed in December 2012). The company also has National Rating Agency reliability rating (AA+, very high reliability, first level, confirmed in February 2013).