Source Pravda.Ru

Russian stock market may fall today

The Russian stock market is stable amid negative news from the US, although LUKoil and Surgutneftegaz shares are sold, an expert of the Zenit bank said in an interview with RBC. "According to some rumors, RAO UES securities were or still are being bought by Russian oligarchs. Norilsk Nickel grew on some fundamental factors: canceling of secrecy of the platinum market, advance in nickel prices and the company's management that tries to increase capitalization", the expert stressed.

The analyst believes that the government concept of the development of automobile industry does not inspire optimism in potential buyers of AutoVAZ: import taxes on new foreign cars have not been increased, however, taxes on old foreign cars have not been defined yet. Moreover, some analysts believe that the company's financial report made in accordance with the International Accounting Standards showed AutoVAZ's real non-profitability and the profitability is expected to drop this year, the expert noted. "We expect a slight fall on the market today", the expert concluded.


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