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Veles Capital - Daily review - Aug 9, 2010.

Trader's view

Last Friday the trades at the Russian market differed from the previous days insignificantly. Things still are calm and quiet at the market, and the reaction to external factors is moderate. As a reason we might outline the summer vacation period, multiplied by vacations, which might have been taken by the investors due to the ecological situation in Moscow. Still the representatives of the power energy sector (TGK-5, -6, -9, -13, -14). For another day in a row sale is on the preferred shares of Transneft.

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Main news

Kazakhgold asavesa the operating results of Polyus Gold.

Polyus Gold upped the gold output by 5% to 503 thousand ounces of gold in 1H 2010 from 477 thousand ounces in the similar period of 1H 2009. Not considering gold output, which comes from Kazakhgold deposits, output of gold by enterprises of Polyus Gold formed 457 thousand ounces in 1H 2010, which is 4.4% lower than the output in 1H 2009.

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Publication:Russian Banks and Brokers Reports
Date:Aug 9, 2010
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