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Russian stock market daily evening report (August 23, 2010, Monday)

Contributed by Veles Capital

By Veles Capital

Stocks

Market today. Today was another lightly activy day. Mostly the quotes dynamics depends on the external background which was slightly positive today. Blue chips mainly added insignificantly. Increased demand still remined in the shares of car-manufacturing companies' shares (AvtoVAZ and KamAZ).

Market tomorrow. We still expect no serious bounces of the market, due to not all the investors returned from summer vacations.

Bonds

Market today. Calmness remains at the ruble market of corporate debt. At the same time in the first half of the day slight fixation was indicated, and in the afternoon the market once again went lateral. The most turnover volume was indicated on Sibmetinvest 02 and Gazpromneft MB-5. At the russian Eurobond market things also were kind of calm against the background of absense of important stats, and Russia 30 sovereign loan was drifting near the level of 119.40.

Market tomorrow. Stats from the U.S. might introduce some corrections to the motion of the market, primarily the Eurobond market, if activity of the participants remains low.

No comment

August 16 Gazprom reached annual minimum on gas exptaction, slight revocovery began after that. (CDD FEC)

Fitch changed forecast of ratings of Uralsvyazinform, Sibirtelecom, Dalsvyaz, Volgatelecom, Centrtelecom and NWT from "stable" to "positive". (Agency)