Seesaw Price Movements on Russian Stock Market

The trade on the Russian stock market is marked today by seesaw price movements. At the Moscow Interbank Currency Exchange (MICEX) non-fuel sector stocks are still being actively bought: Sberbank, RAO UES of Russia and Norilsk Nickel stocks grew 1-1.5 percent during the trade. At the Russian Trading System (RTS) oil stocks are either not traded at all, or being traded at levels lower than yesterday's closing. The unchallenged leader of the market in Rostelecom, whose stocks added another 3 percent on positive corporate news. The RTS index dropped 0.05 percent by 14:00, Moscow time, to 358.47. According to traders, before the end of the trade session the situation on the market is likely to remain stable.