Source Pravda.Ru

Downtrend on Russian stock market terminated

The downtrend of Russian stocks on the RTS and MICEX has terminated ingeneral, though one should not expect a considerable growth. The currentsideways trend is most likely to continue on the market over the nextcouple of weeks, experts said in an interview with RBC commenting on thetrade on the Russian stock market.Today's stock trade is rather quiet. At the opening, prices turned out tobe slightly higher than at the closing yesterday. There are purchases onthe market but trade participants do not expect serious price fluctuationsso far. Current share prices approach very important resistance levels at360-362 points of the RTS index. The further trend on the RTS and MICEXwill depend on share price dynamics..

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