Author`s name Pravda.Ru

Profits Fixed on Russian Stock Market

Today, the trade on the Russian stock market opened against the background of profit fixing and a decline in a number of traded shares. In the first minutes of the MICEX trade, several blue chips dropped by 0.5 to 1 percent. However, in the opinion of experts, this decrease will hardly continue. Profit fixing is most likely to have been completed; the market could start either consolidating at the reached levels, or going up again, if the situation is developing favorably. American futures are currently easing back; the Russian market will most probably remain neutral under these conditions while expecting news from the American stock market, analysts point out.