Russian stock market opens amid rallying energy stocks

The trade on the Russian stock market opened amid growing price quotes of most highly liquid stocks today. At the Moscow Interbank Currency Exchange (MICEX) Mosenergo, Rostelecom and RAO UES of Russia rose by over 1 percent within 20 minutes after the opening. The stocks of the non-fuel sector are also posting substantial demand. According to analysts, the market is likely to correct in the morning after yesterday's decline, while after that the price dynamics will be shaped by the changes in the European stock indices and futures for S&P and NASDAQ.