Source Pravda.Ru

Stock market corrects upward after this morning's fall

This morning's drop in Russian stock prices did not continue in the afternoon. At the Russian Trading System (RTS) Mosenergo, RAO UES of Russia, Surgutneftegaz, Norilsk Nickel and Rostelecom stocks grew 3, 0.17, 0.5, 0.81 and 1 percent respectively. Sibneft stocks are still lower than yesterday's closing (2.23 percent). Sibneft stocks are falling in wake of the company's financial reports that had a negative impact on investors' sentiments. According to analysts, a new drag on the consideration of bills on reforming the oil industry are weighing on these stocks. The RTS index rose 0.05 percent to 347.22 points during this time. Analysts say the market will remain relatively stable today.