Source Pravda.Ru

Russian stocks in green again

Today's trade on the Russian stock market begain with an upward trend. However, one hour later the situation changed and the majority of securities began to move down. Afterwards, the growth resumed. As of 2:30 p.m. Moscow tome, Sibneft added 3 percent, RAO UES, Surgutneftegas, LUKoil and Sberbank went up 1.5 percent at the Russian Trading Session (RTS). The RTS index itself gained 1.17 percent and reached 677.36 points. As far as the Moscow Interbank Currency Exchange (MICEX) is concerned, most stocks added 1-1.5 percent there. Sberbank went up 2.3 percent, Surgutneftegas and RAO UES - more than 1.5 percent, and Sibneft - 2.7 percent.

A complete recovery of the Russian market following last week's fall against the background of the terrorist acts in Spain is expected within the next several days. According to analysts, the growth tendency still has a long way to go.