Source Pravda.Ru

Expert forecasts slight rise on Russian stock market

A stock analyst from Rosbank commented on the domestic stock market's dynamics in an interview with RBC. He expects no serious changes on domestic stock exchanges today. The expert forecasted that the RTS index could go up to 354-355 points, or to the same levels as before the hostage crisis in Moscow. In general, an upward correction should be expected on the market, he said.

On October 28, some Russian stocks saw an upward correction after reaction to the negative news background due to the terrorist act in the capital of Russia. All domestic stock indices went up significantly by yesterday evening. The RTS index rose 1.11 percent and the MICEX index surged 2.14 percent. Leaders of the rise on the ADR market in London were the Russian power grid RAO UES, which rocketed 6.39 percent, Gazprom - 3.52 percent and Mosenergo - 3.09 percent.