OREANDA-NEWS. September 1, 2010. Once again slight drop took place at the market following the impact of fall at the U.S. and Asian markets. Support still comes on behalf of the climbing oil prices. The shares of Rostelecom were climbing due to old news on dividends. Also demand remained in other telecommunication companies' shares.

We do not exclude a neutral open of the market with possibilitty of further climbing following the oil quotes.

Bonds

First signs of activation of trade activity of market participants of corporate issuers of market bonds appeared in the afternoon. Demand of buyers was indicated in the notes of Gazpromneft, Vimpelcom and Systema. Russian Eurobond market slipped in the afternoon due to negative foreign background, however by the trades close of the russian session it won back the positions it lost: Russia 30 returned to level of 118.30.

Activity at the russian market will likely climb a bit more while the quotes move totally neutral.