Source Pravda.Ru

Most Russian blue chips growing

The current situation on the Russian stock market is very quiet. Prices forthe majority of blue chips are changing slightly and the RTS trade volumeamounted to only $1.6m by 12:30, experts reported in an interview with RBC.They underlined a rise in Surgutneftegaz by 1.96 percent and a 1.62-percentupsurge in shares of the Moscow energy grid Mosenergo. Meanwhile, the RTSindex went up only 0.66 percent to 336.66 points. Stock analysts stressedthat unlike yesterday's trading session, today's market reaction to theresumed fall in oil prices on international exchanges and a drop in USfuture stock indexes. Specialists pointed out that a rise on the Russianstock market was more likely an upward correction. They forecasted thatRussian stock prices would continue falling next week in the event the USstock market saw a drop again today..