Source Pravda.Ru

Russian ADRs follow decline in world indices

On Friday, the rates of Russian American Depositary Receipts (ADR) wentdown against the background of a fall in the majority of western stockindices. In Europe, the initiators of the fall were hi-tech securities. Onthe US stock market, share prices were decreasing after fresh negativecorporate news had emerged. All this impacted the dynamics of Russian ADRs,which had declined by 2-4 percent in a day. The activity of ADR tradersremains low; at some trading platforms, Russian securities were going downwithout any volume growth.According to the results of deals with a maximum volume on European stockexchanges, the closing prices and percent fluctuations of the mostattractive Russian ADRs were: the Gazprom gas holding - EUR14.50 (+0.34percent), LUKoil - EUR68.20 (-0.88 percent), the Surgutneftegaz oil and gascompany - EUR18.50 (-1.89 percent), the Tatneft oil company - EUR13.40(-2.99 percent), RAO UES - EUR9.80 (0.00 percent), Irkutskenergo - EUR2.90(-12.07 percent), Mosenergo - EUR2.63 (-4.56 percent), Rostelecom - EUR6.76(-3.85 percent) and VimpelCom - EUR26.70 (-1.12 percent).On the New York Stock Exchange, the rates of the majority of Russian ADRswere going down. The Wimm-Bill-Dann foodstuffs producer was the onlyexception, its shares grew slightly. According to the trade results on theexchange, the closing prices and percent fluctuations of Russian ADRs were:Rostelecom $6 3/4 (-3.12 percent), Mobile TeleSystems (ADS) - $30 1/7(-3.08 percent), VimpelCom - $25 3/8 (-2.84 percent), Tatneft - $13 (-3.29percent) and Wimm-Bill-Dann - $17 6/7 (+1.12 percent)..