Source Pravda.Ru

RTS index retreats amid low trade volume

Despite a rise at the opening of the Russian stock market today, expertsestimate the current situation as not very favorable. The trade volumeremains very low and the market remains unstable. The RTS index dropped0.36 percent amid a low trade volume of $3.1m. Stock analysts did not ruleout that the RTS index could fall to 300 points. According to VladimirDetinich, an analyst from Aton Capital, the factor that still supports themarket is oil prices. The price for brent oil went up another 1 percent to$27.4 per barrel in London today. The domestic market is also influenced bynews about US plans to take action against Iraq, the expert concluded..

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