OREANDA-NEWS. September 23, 2010. Veles Capital released daily market review:

Market today. The market stays passive, principal indices are showing insignificant change, and still there is no idea. Growth was indicated in the shares of LUKOIL, Severstal (due to news of IPO of the gold division), and OGK from 2 to 6. Sale was on AvtoVAZ.

Market tomorrow. The situation is unlikely to change – the market likely will be drifting laterally.

Bonds

Market today. On Wednesday the Russian market did not make up its mind on motion direction and continued moving laterally. The trade volume was significantly lower than average. However, we see a trend of market reduction. In its turn the Russian Eurobonds showed opposite trend and continued adding in price for the third day in a row. Average value of Russia 30 loan formed 118.5% of the nominal value during the day.

Market tomorrow. Against the background of ruble rate instability lateral motion will likely remain on Thursday.