Source Pravda.Ru

Russian Stock Market Remains Risky

The Russian stock market is likely to open with a rise today, due to a continuous growth on world markets. The oil sector seems the most attractive now. However, risks remain too high, and a serious resistance is expected at the 250-point level on the RTS. Yesterday, growth was supposed to begin on the Russian stock market, due to news about the decrease in Russia's oil exports, but fixed profits impeded this process. However, the market drop was insignificant, as world stock markets and oil prices were growing. As a result of that, the RTS index went down 0.24% and the volume of trading remained rather high, i.e. equal to $20.2m.