By Veles Capital
Stocks
Market today. Once again the attention of the investors was driven to the foreign background. The trades began positively on behalf of the positive close of America. In the second half of the session the quotes went down also due to the weak stats on the U.S. new construction. Little by little the demand is rising higher in the telecommunication sector – reorganization of Svyazinvest is getting closer by the minute.
Market tomorrow. The market will open tomorrow likely depending on the results of trades in the U.S., which is the main indicator for the Russian investors. Further dynamics will also be under the pressure of the quarter report.
Bonds
Market today. The domestic market has finally come to its senses after two days of sleepiness. The trade turnover grew and spreads narrowed. Increased demand was for the shares of metallurgy companies (Sibmetinvest, Evraz Holding, Mechel and Severstal). Gazprom Neft was the turnover leader (5-th and 6th issues), where a big buyer likely has come in. At the Eurobond market we might indicate slow slipping of prices. In particular, Russia 30 quoted within the range of 114.0-114.5. The corporate notes went 25-50 b.p. down. More or less active market was on the notes by Gazprom (2020, 2022 and 2024), and also VTB 2015 and Bank of Moscow 2015.