Veles Capital Released January 25 Russian Market Review
OREANDA-NEWS. January 26, 2011. Veles Capital released daily market review:
Trader’s view Trades were calm on Tuesday with no serious price bounces on the large range of blue chips. Possibly, the investors are waiting for the session of FED on the matter of base rates and do not apply any active trade ideas due to these reasons The shares of telecommunication sector looked better than the market once again, along with the shares of Sberbank, which announced its volume of the net profit for the previous year – the net profit of the bank grew by more than 5 times versus the year 2009. Shares of Uralkaliy looked worse than the market, which might be due to the delays on behalf of FAS in adoption of the deal on merger with Silvinit.
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