Source Pravda.Ru

Russian blue chips advance

The trade on the Russian stock market is taking place amid a price growth of the majority of highly-liquid shares. It is quite natural that the market has moved to MICEX today. There, the trade is more or less active. Among growth leaders are shares of Rostelecom (+2.3 percent) and RAO UES (+1.94 percent). On the average, almost all Russian blue chips advanced 1.5 to 2 percent. Tomorrow, against the background of a day-off on western markets, Russian traders could continue pushing share prices upwards.

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Default more likely to hit American, rather than Russian economy