Russian stocks will head lower after the holidays, analysts believe. Today market player were less aggressive compared to yesterday, they stress. Experts believe that the stock market is waiting for after-holidays sessions to continue a downward trend.
Some experts foresee a 5 percent decrease for both RTS and MICEX indexes and see this level as a support. Market players are afraid of the rehearsal of the major market trend in 2000, when insignificant upward movements interrupted long-term declines.
The RTS index lost 0.97 percent to 629.95 points, the MICEX index climbed 0.8 percent to 563.78 points. RAO UES lost 1.5 percent to $0.27, LUKoil decreased 1.47 percent to $26.9, Surgutneftegas fell 2.59 percent to 0.64 percent, YUKOS shed 0.27 percent to $11.27 on the RTS exchange.
On the MICEX exchange, RAO UES shed 0.24 percent to RUR7.851, LUKoil tumbled 0.37 percent to RUR787.55, Mosenergo inched 0.61 percent lower to RUR2.281, Surgutneftegas declined 1.23 percent to RUR18.82.
In June, the Baltic States will hold BALTOPS and Saber Strike 2018 drills. A US Armored Brigade will be deployed in Europe for the purpose - no less than 4,000 soldiers
The import of liquefied natural gas from the United States will not grow, even if Germany exits the Nord Stream-2 project, German Minister of Economy and Energy Peter Altmeier said