RTS index goes up amid medium trade volume - 4 September, 2002

The situation on the Russian stock market was unstable today. Stock priceswent down at the opening, following a plummet on international stockmarkets, but this fall did not last long on domestic exchanges. A rise wasobserved on the Russian market later today on European stock indicesgrowing 1-2 percent at the opening, however, this tendency was short-termtoo. By now, the stock market has seen a sort of a sideways trend andtraders feel nervous, as the prices can jump or drop at any time.By 2 p.m. the RTS index went up 0.4 percent amid the trade volume of $6.8m,Vladimir Detinich, an analyst of Aton Capital, reported in an interviewwith RBC. Commenting on factors that are having an impact on the Russianstock market, he mentioned a rise in brent oil prices in London to $26.8per barrel on more news about US planned attack on Iraq. US stock futureopened with a slight rise but dropped almost to yesterday's closing levelsby midday. European stock indices saw a reduction as well, the expertconcluded..