OREANDA-NEWS. On Wednesday, October 10 morning Russian market of shares played at positive dynamics off western grounds and high oil prices. However, towards afternoon RTS froze at 2160 points, then quickly “sliding” down to yesterday’s level. At the end of the day, general dynamics proved to be insignificant and indecisive. The leader among a batch of relatively “calm” securities was Mechel, its shares rose 12.11% up. MMK followed with 4.56% of day’s total growth. These two companies outran their colleagues – Norilsk Nickel, Evraz and Severstal, and backed by underestimation of sector’s shares were able to conduct such a serious growth.

The second leader of the growth was Sitronics, hiking +7.69%. According to Veles Capital experts, "it seems that the given growth was related to Reimann’s statement regarding tripling of software production to 2010. Aside from shares mentioned above, some securities of the rear echelon proved a decent growth, for example, Uralkaly's (+4.34%), whereas possible growth could have been affected by a statement of company’s management on increase of IPO value from 10 to 12.5%. Blue chips dynamics was not as impressive and rose mostly below 1%.

On October 10, RTS closed literally at last day’s level – 2143.69 points, just 1.9 points above prior closing. Metallurgy sector was flying high: Severstal (+3.98%), Mechel (+12.11%) and NLMK (+2.24%). Surgutneftegas (-1.12%), UES (-1.72%) and preferred stock of Transneft (-3.65%) were marching opposite.

Versatile dynamics of market was accompanied by high trade volume – 88.1 mln USD. Shares of UES (22.2 mln USD), Sberbank (11.5 mln USD) and LUKOIL (9.7 mln USD) were popular traditionally. On October 10 the market felt chilly wind brought by the New World: primary US indices dropped considerably due to decrease of corporate income, with shares of oil sector losing most of value among other sectors. In the opinion of Veles' analysts our a decrease of index is becoming more and more possible. It is also possible that indicator will roll down from its record values, stabilizing itself at 2110-2125 points.