Source Pravda.Ru

Russian Stock Market Opens with No Common Tendency

Trade on the Russian stock market started with the growth in share prices of oil companies, while stocks of the non-fuel sector that added yesterday, dropped slightly. Surgutneftegas advanced by more than 2 percent, YUKOS and LUKoil grew by less than 1 percent.

According to analysts, optimistic Russian investors, who are expecting an advance in share prices after the holidays, could push the market upwards today, moreover, there is enough money on the market. At the same time experts point out that it will depend on sales on Western markets, as they have hindered the growth on the Russian market over the past several days.