RAO UES shares went up 3.8 percent, YUKOS surged by more than 3 percent and Norilsk Nickel and Surgutneftegas added more than 2 percent on the RTS exchange. The majority of blue chips advanced by 1 to 2 percent. The RTS index grew by 1.8 percent to 514.51 points at 14:00 Moscow time. Analysts say that the market remains unstable and nervous, new negative information might trigger another drop in share prices.
There are no fundamental reasons for a decrease in share prices currently, experts say. A new drop might be initiated by a new large scandal. However, there are just two weeks left before the parliamentary elections, so a new scandal in the financial sector is unlikely to emerge.
In response to the unlawful December 1 arrest and detention of Chinese tech giant Huawei's chief financial officer Sabrina Meng Wanzhou by Canadian authorities in Vancouver at the behest of the Trump regime, facing possible unacceptable extradition to the US, Beijing warned its high-tech personnel last month against traveling to America unless it's essential.
Rescuers found the pilot of one of the two Su-34 fighters that had collided in midair in the Far East on January 18