 |
|
||
|
|||
|
|||
|
|
||
|
|
|
|
|||||
|
||||||||
|
|
|
Russian stocks rise faster in afternoon trade
RBC, 07.08.2008, Moscow 15:44:34.The rise on the Russian stock market accelerated in the afternoon. As of 3:10 p.m., the MICEX index was up 2.52 percent at 1,447.63 points and the RTS index was up 2.27 percent at 1,855.76 points. Among MICEX's gainers were Gazprom (up 3.36 percent), LUKoil (up 2 percent), MTS (up 6.72 percent), and Surgutneftegas (up 2.77 percent). The Russian market is expected to continue climbing until the end of the week, driven higher by both technical and fundamental factors, experts told RBC TV today. In addition, positive news from abroad, including high oil prices, provide further support for Russian stocks, analysts say. However, it is too early to speak about a long-term upward trend, as political risks are still high, according to experts. Analysts note that while the banking sector looks attractive, it is fairly risky to buy bank shares in the near term, as the correlation between the Russian and the US financial sector remains strong. Global negative trends may push Russian banks lower despite their fundamental attractiveness, experts warn.
|
|||||||||||||||||||||||||||||||||||
