Source Pravda.Ru

Russian stocks keep looking up

Most Russian stocks have been climbing today. On MICEX, YUKOS advanced 2.6 percent, Surgutneftegas and LUKoil grew 2.49 and 1.8 percent respectively, and RAO UES edged up 1 percent. The RTS index stepped up 1.84 percent to 473.37 points as of 15:30 Moscow time. The trade volume amounted to $7.5m.

According to analysts, market growth was catalyzed by YUKOS announcements on the dividend payout policy and corporate governance principles of the oil company to-be YukosSibneft. YUKOS intention to pay quarterly and annual dividends at 40 percent of the company's US GAAP net profit brought about a strong demand for stocks of YUKOS and Sibneft, including on the part of western investors. Apart from the high dividends, investors were pleased with the confirmed eagerness of both companies to merge despite continuous pressure from authorities.

Some analysts believe, however, that the current growth in Russian stock prices has been of speculative nature amid a lack of significant news and the holiday season.

Comments
Donald Trump suddenly falls for glorious Russian tradition to hold military parades
Students of UC reinvent the consumption of legumes
Iran's next moves on nuclear deal much more important - Kremlin
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Russia threatens to raise tariffs on US goods worth $538 million
Iran's next moves on nuclear deal much more important - Kremlin
Venezuela may expect another Panama scenario from 1989
Pentagon's goal in the Middle East is to trigger major war between Israel and Iran
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Foreign Ministry official explains why Russia had to sell Alaska to US
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
British football fans spineless to unleash World War Three in Russia during World Cup
Pentagon's goal in the Middle East is to trigger major war between Israel and Iran
Venezuela may expect another Panama scenario from 1989
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'