OREANDA-NEWS. February 16, 2011. Veles Capital released daily market review:

Market today. Today the trades were low volatile at the market, with the reduction trends against the output of macrostats, which turned out to be worse than expected. The most serious loss among the liquid shares was on the representatives of the oil sector (except for Rosneft and Transneft). The shares of Kamaz and Uralkaliy looked better than the market.

Market tomorrow. Tomorrow a significant volume of stats will be output tomorrow, which might shiver the market. However currently the foreign indicators signal for possible continuation of reduction.

Bonds

Market today. Clear preference of Russian investors belonged to metallurgy branches. The most number of deals was made on Severstal MB-1, MMC MB-2, Evraz-3, Mechel-13. Average motion throughout the market was mainly upwards. Russian Eurobonds traded near the levels of the previous session close. After the output of stats on the U.S. growth was indicated. Price of the loan Russia-30 at the close of the Russian session formed 114.73% of the nominal value (+5 b.p.)

Market tomorrow. We do not expect serious change of mood at the Russian markets (ruble and currency). Buying will likely continue at the domestic market. And the Russian Eurobonds will likely be moving following the Treasuries.