Source Pravda.Ru

Russian stock market fluctuates without definite tendency

Stock prices are fluctuating without a definite tendency on domesticexchanges today, traders reported in an interview with RBC. They noted thatsome stocks that were reported falling on the RTS exchange, were rising onMICEX and vice versa. Despite a falling tendency for US stock futures anddeclining oil prices, only stocks of Russian oil companies Tatneft andYUKOS are below yesterday's levels on the RTS exchange. Meanwhile, stocksof the Moscow energy grid Mosenergo, the Norilsk Nickel mining and smeltingcompany and the AvtoVAZ car producer are rising on MICEX.Stock analysts stressed that the situation on the Russian stock market wasvaried and the majority of investors were careful, awaiting news from theUSA. In the event the observance of September 11 is quiet and US stockprices go up today, Russian stocks may continue growing at the end of thisweek..