Source Pravda.Ru

Russian stock market to ease back

The Russian stock market dropped amid today's stabilization on Westernstock and raw material markets. Over the past few days the market wastesting resistance levels of a number of most liquid companies, includingRAO UES, YUKOS and LUKoil, however, it has failed to go higher than theselevels. The volume of trade has been inconsiderable like the volumes overthe past several days, which is characteristic of the period of vocations.Practically every sector of the market has been easing back. RAO UESsecurities suffered the heaviest selling. According to some experts, thepotential of the advance based on domestic money has been depleted, and themarket is likely to retreat gradually and then a consolidation will start,as there is no inflow of foreign capitals to the market. .