Source Pravda.Ru

Analysts forecast growth on stock market

Growth in share prices that started on September 9 is likely to continue today, some analysts told RBC. There are no reasons for a downward trend, since oil prices have surged, thus growth is more likely that decline. Traders pointed out that there was a pretty aggressive demand for LUKoil shares, and RAO UES securities still enjoyed the demand. The buying of YUKOS shares in also quite possible.

Analysts noted the a majority of ADRs of blue chips closed higher than share prices on the RTS exchange yesterday, which testifies to the demand from non-residents. At the same time a considerable advance on the Russian stock market is doubtful, since the market is near a strong resistance level of 610 to 620 points.