Source Pravda.Ru

Russian share market continues declining

Today, share prices have continued declining steadily on the Russian stockmarket. On the RTS, loss leaders have been oil stocks. In an hour and ahalf of trade, shares of the Sibneft oil company lost 4 percent, of theYukos oil company - 3.68 percent and of LUKoil - 2.53 percent. At the sametime, the trade is very active; the RTS turnover has already reached $6m.In the opinion of analysts, the market has started reacting to news fromworld markets, though a little out-of-time. One should also bear in mindthe fact that foreign sales of a number of blue chips have increased. TheRTS index is falling; by 1:00 p.m. Moscow time, it dropped by 2.53 percentto 338.76 points. On the whole, the situation on the Russian stock marketlacks any trade ideas. Traders and investors are carefully following theevents in the USA and on the world oil market..

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