FINAM - Daily Market Watch - Oct 27, 2009

Market Roundup Trading was quite uneventful for the most part of Monday's session, but a deteriorating external news flow just ahead of the closing bell intensified sell-offs in most liquid names. As a result, the MICEX Index dropped 0.5%, while the RTS Index, up 1%, closed before reflecting a change in the external environment. O&G plays, except for Gazprom (+0.2%), landed in negative territory, as Lukoil dipped 1.4%, Rosneft declined 0.5% and Surgutneftegaz eased 0.3%. No single trend emerged in stateowned banking names, with Sberbank edging down 0.8% and Bank VTB advancing 0.3%. Norilsk Nickel stocks took a 1.2% drop under pressure from a local pullback in prices for the holding's primary commodity groups.