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Mixed opening on Russian stock market
RBC, 15.12.2005, Moscow 11:45:50.The Russian stock market opened with mixed trends. Most securities traded on the MICEX Stock Exchange went up, while the RTS index declined by 0.2 percent to 1103 points at the opening. Analysts point out that though the RTS index reached 1105.67 points at yesterday's closing, the market did not grow more optimistic. The growth was fueled not by a rise in blue chips, but in second-tier securities. Industry observers believe that the market will follow mixed trends today against the background of low trader activity, and the second-tier securities will be in comparatively high demand. Lower oil and platinum prices are also unlikely to inspire investors. The market opened today at about yesterday's closing level. Yet some analysts expect a 1.5-percent rise today as ADRs of Russian oil and telecommunications companies are in high demand in New York and London. On the whole, the stock market is stable, and no large-scale sales can be expected on the part of either Russian or foreign market participants.
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