Source Pravda.Ru

Experts on Russian stock market - 7 September, 2004

The Russian stock market is likely to continue growing, an analyst told RBC. According to him, after the beginning of trade in the USA, the activity of market participants may advance. "Today, growth on the market is connected with positive corporate news amid a relatively neutral news background about the YUKOS oil company," the analyst believes.

According to another analyst, the fact that the RTS index has approached the level of 600 points proves that it is very likely to continue growing and reach 610 to 620 points. The situation on the market will depend on how ADR trade will open because there was no trade on US exchanges yesterday.

The stock market is likely to advance 0.5 to 1 percent this morning, a trader told RBC TV. However, the market may change its upward trend depending on news in the afternoon.