OREANDA-NEWS. January 13, 2011. Veles Capital released daily market review:

Trader’s view The market was climbing against the positive foreign background. In particular the oil prices were upping, and also the positive open of the American grounds. Besides, data on the industrial production in the Eurozone turned out to be higher than expected, which might also be considered as positive. We might outline the oil sector among the Russian shares – the reason of growth is evident and related to the conjuncture at the global oil market. We also should outline the shares of coal producers – Belon, Mechel, and Raspadskaya. The flood in Australia, which might lead to price growth for coal due to its deficit, is the positive factor for given shares. Besides, serious interest was indicated in telecommunication sector – shares of Rostelecom added 12%, Uralsvyazinform – by 5%.

News briefly Coal industry: “Koks” group plans conducting IPO in Russia and London.