Source Pravda.Ru

Gazprom shares to fluctuate at current levels

For several days in a row, the situation on the market of shares of theGazprom gas holding, as well as on the Russian stock market on the whole,is quiet. However, traders would like to see the situation on the Americanmarket more clearly. Specialists voiced this opinion in an interview withRBC commenting on the trade on the Gazprom stock market.Taking this situation on the market into account, one can predict thatGazprom share prices are likely to fluctuate slightly between RUR25.00(about $0.79) and RUR29.00 (about $0.92) in the near future. The trade islikely to be quiet; due to the insufficient amount of information on thesituation on world markets, many dealers will take their time. The interestof traders on the market is rather discreet; it is a sign of the influenceof the fact that America is most likely to face the continuation of adecline in the Dow Jones and NASDAQ-100 indices due to the situation withcorporate incomes and the continuous scandal about financial manipulationsat large American companies and banks. If no negative news emerges in thenext few days, it is possible that many trade participants will not selltheir shares in the Russian gas monopolist..


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