A slight rise in prices continues on the Russian stock market. The Rostelecom telecommunications giant enjoyed the most significant rise, i.e. its preferred shares surged 3.6 percent over an hour and a half of trade on the RTS exchange. Shares of the Mosenergo energy giant went up 1.73 percent and RAO UES increased 0.85 percent. Oil shares are rising at a lower pace, for instance, YUKOS was up 0.5 percent. The RTS index is going up very slowly and it has reached 381.35 points.
Analysts from the Energocapital investment company forecasted a rising tendency to continue in the short-term while a sideways trend would be observed in the medium-term. They noted that the foreign news background was almost neutral and traders could start fixing their profits by the end of today's trading session.
An explosion of household gas occurred in a nine-storeyed apartment building in the city of Shakhty, the Rostov region of Russia. The blast destroyed two storeys of the building