Russian stock market opens with growth - 22 November, 2002

The whole range of Russian securities surged up further at the very opening of today's trading on the Russian stock exchange, but several minutes later a number of share prices went down. According to traders, after a continuous growth on November 21, investors gave up their hopes for a further upsurge and decided to fix profits on the eve of the upcoming weekend. Generally, the market has not yet reacted to a boom on US stock markets. Possible technical correction on the oil market and falling futures indices on S&P and Nasdaq may keep Russian share prices from going up.