Source Pravda.Ru

Share prices likely to surge next week

The fixation of profits before the long holiday weekend will define today's gradual decrease in prices of the majority of liquid shares on the Russian stock market, some analysts believe. The market is also influenced by a negative background: yesterday's considerable drop on US stock markets and negative futures of US indices. The slight retreat in blue chips within today's correction testifies to a stable character of the upward trend, which has started this week. Extra liquidity accumulated in the financial system due to the favorable external conjuncture should promote the inflow of fresh resources to the stock market. Share prices are likely to start growing again next week, analysts forecasted.