Source Pravda.Ru

YUKOS shares hike again

The price of YUKOS shares has increased by 11.8 percent on the Russian Trading System (RTS). RAO UES and LUKoil shares were up 1.5 percent. The price of Sberbank shares rose by 2.5 percent. The RTS index grew by 0.85 percent to 543.61 points. The price of YUKOS shares on MICEX increased by 11.39 percent to RUR126.5 ($4.47) per share as of 12:50 p.m.

An expert with Aton Capital believes that the market has lost its predictability. Although there are a lot of factors supporting a rise in share prices, the current uncertainty about YUKOS is frightening major investors off. Therefore, large speculators are ruling over the exchanges now, and they are able to move prices by 1-2 percent in any direction.