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Sideways trend to persist on Russian market
RBC, 26.03.2008, Moscow 15:44:49.The Russian stock market will continue to trend sideways, experts told RBC TV, warning that indices could end the day in negative territory, if US macroeconomic statistics, due to be released towards the close of this session, disappoint investors. Oil sector stocks are looking attractive for the long term, and could push the market higher. As of 3 p.m., the MICEX index inched up 0.13 percent to 1,596.11 points, and the RTS index crept up 0.23 percent to 1,998.56 points.
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