Source Pravda.Ru

Russian stock price adjustment growth

On the Russian market of shares on Monday quotations were up due to the adjustment growth after the market's long-term stock price decline, experts noted. This time YUKOS was not behind. The absence of negative news let the index of the Russian Trade System (RTS) overcome the psychological level of 600 points as a result of speculative activity by market players.

"The investors have already got accustomed to the situation connected with YUKOS, and only the news about a real bankruptcy or negative facts concerning the company's operational activity can bring the market's capitalisation down," leading analyst of the Megatrustoil Alexander Razuvayev believes.

"The summer is at its height, and while many investors are spending their time at resorts, speculators are heating up the market," Maxim Shein, chief of the analytical department of the Brokerkreditservis, comments on the situation. He added that such market players were able to push the RTS index up above 600 points with small stock amounts."

The trading session on the classical market of the RTS shares closed when the index went up by 2 percent to 604.13 points; however the amount of the trading remains insignificant for the last few days now.

Sergei Kosynkin, the chief of the trading department of the Tserikh Capital Management, names a high liquidity of the rouble, the end of the bank panic (mostly artificial) and the absence of new negative news concerning YUKOS, among the causes of the sudden optimisation. "No other stimulating factors have been noticed," the expert sums up.

The shares of the Norilsk Nickel, whose price went up by 3.95 percent were the leader in the RTS growth at the close of the trading session, while the shares of the Sibneft led in the lowering price process - they went down by 2.24 percent. The shares of the RAO Unified Energy Systems of Russia went up by 3. 86 percent, of the LUKoil - by 2.71 percent, of the YUKOS- by 1.42 percent and of the Savings Bank - by 1.03 percent.