Experts say RTS index may grow to 370-point level this month

According to experts, the RTS index may advance to a 370-point level by the end of November. Today the trade on the Russian stock market has been made amid the increase in prices of practically all traded instruments. The leader has been RAO UES securities with a 3.5-percent gain, after information on a possible increase in dividends was announced. LUKoil shares have also been in demand. Traders point to a considerable demand from foreign investors for these securities. The demand for other oil shares that have been "forgotten" by the market over the past month, may grow in the near future, analysts say.

If the situation at the RTS and MICEX is thoroughly analyzed, one can suppose that a downward tendency is being broken. The market has become quite dense, because the number of those who want to sell their securities has been dropping, an expert of Troika Dialog told RosBusinessConsulting commenting on the situation on the stock market. The dynamics of the growth is likely to be slow and steady until the end of November. And, probably, resources of Russian and foreign investors will come to the market.