Source Pravda.Ru

Russian oil and energy shares advance

Highly liquid shares have continued growing on the Russian stock market today. Yesterday's outsiders, which were the Surgutneftegaz oil and gas company, RAO UES and LUKoil, are today's market leaders. At the same time, the trade volume on the RTS is minimal; foreign investors neither buy nor sell. Against this background, brokers are pulling the market up. Over the first 1.5 hours of trade, the RTS index gained 0.7 percent. The positive factor for the market is the advance of oil prices. However, experts accept the possibility that this afternoon, the market's enthusiasm could fade away, as it has recently happened.

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