Source Pravda.Ru

Russian stock market sees low activity of traders

The Russian stock market opened a little higher today than the closing onFriday, a stock analyst reported in an interview with RBC. However, stockprices started falling, as there was neither domestic nor internationalnews to support the positive tendency. This fall was not significant and itdid not last long. As a result, the RTS index is 0.36 percent lower ascompared to the previous closing and oil stocks dropped from 0.7 to 1.6percent, except for Tatneft, whose stocks gained 2.45 percent. Stocks ofthe national power grid RAO UES of Russia went down 0.36 percent while theMosenergo Moscow energy utility rose 1.37 percent.The volume of trade is low on the RTS exchange. It reached about $2.8m asof now. The expert stressed that deals worth about half of this tradevolume were made during the first hour of the trading session. At present,there are no grounds for higher activity of traders on the Russian stockmarket. Therefore, the market is expected to follow dynamics observed onwestern trading floors..

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