Source Pravda.Ru

Russian market goes through slight downward correction

Today's trading on the Russian stock market is extremely inactive. Onlynine deals were struck in over one and a half hours. At the same time, RAOUES shares gained 9.37 percent (three deals were made) and RTS index lost0.07 percent to 339.64 points. Almost all share prices are dropping onMICEX. For example, RAO UES shares have already lost 1.31 percent. Traders say, futures of US stock indices are going down now, and oil pricesare going through a period of correction. In this situation, Russian stockprices will be loosing their value slightly, and traders will be waitingfor fresh news from US stock markets. .