RTS index drops amid low volume of trade

The Russian stock market opened lower today, however later share pricesreturned to levels of the previous closing due to an advance on Europeanmarkets. A sideways trend has prevailed on the market and the activity hasbeen low, as the London market is closed today. By 14:00 the RTS index hadretreated by 0.47 percent and the volume of trade amounted to $3.5m, amarket analyst said in an interview with RBC. "The London market is closedtoday. Oil prices in Singapore have remained practically unchanged. Futureson US stock indices were fluctuating slightly at the beginning of businessbut by the middle of the day they gained considerably. European marketshave experienced a moderate growth. Today data on July sales of new and oldhouses will be released in the USA. A slight decrease is expected, comparedto record high June results", the expert concluded..