By Veles Capital

Stocks
 

Market today. Investors preferred selling shares. The foreign background before the beginning of trades seemed to be negative. Besides, considering the local overheating of the market, the correction was not so bad. The shares of Transneft still are being purchased.

Market tomorrow. We assume further roll back is possible at the market. The support level is located at the point of 1,455 points of the RTS index.
 

Bonds
 

Market today. At the corporate bonds ruble market not high activity was indicated, the most liquid notes prices were moving within the frames of the lateral trend. The highest turnover was on the issue by VIA AIZK A, and also on Gazprom-11 and Mechel MB-2. After yesterday's activity of buyers at the Russian Eurobond market and having broken the 116th figure, slight correction was indicated at the market, resulting from which Russia 30 closed about 115.780 by the end of the day.

Market tomorrow. Evidently the consolidation motion at the market continues early next week, while the demand remains in single liquid notes.

No comment
 

U.S. GDP grew in 2Q 2010 by 2.4%, upping by 2.6% was expected. (Interfax)

1H 2010 net profit by RAS: Gazprom - 266 bn RUR (+57%); OGK-1 - 1 bn RUR (+39%); OGK-3 - loss of 1.1 bn RUR; OGK-6 - 863 mn RUR; Sibirtelecom - 2.1 bn RUR (+91%). (companies)

2Q 2010 net profit by RAS: RusHydro - 9.65 bn RUR (+0.8%); AvtoVAZ - 1.97 bn RUR; Norilsk Nickel - 18.6 bn RUR. (Companies)

Net loss of Inter RAO in 2009 by IAS formed 282 mn EUR. (Company)

RUSAL with partners is ready to buy a portfolio of Interros in Norilsk Nickel. (Interfax referring to Deripaska)