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Russian stock market remains stable

12.08.2002 | Source:

Pravda.Ru

 

The domestic stock market is calm and the trade volume is very low, anexpert of an investment group said in an interview with RBC. "The onlything that can be accentuated is an upsetting of correlation of our marketwith US future indices. They (US future indices) are falling now and theRussian market would have reacted to this fact by a slight drop some otherday. However, today our market is still a bit higher than Friday's close",the expert pointed out. One can suspect that under these conditions thefurther dynamics will be positive but in general all securities arefluctuating very inconsiderably, he added. The exception is the RAO UESpreferred shares. Their prices have closely come up to prices of commonshares. This is due to the growth in dividend profitability, the specialistspecified."If US indices surge today, an upward tendency may continue on our market",he concluded. .

 

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