Shares grow slightly at MICEX opening

Today's trade on the Russian stock market opened with a slight price advance for the majority of shares. The growth leaders were again Rostelecom's shares, which climbed 1.3 percent over the first minutes of trade on the Moscow Interbank Currency Exchange (MICEX). Today, the market could continue going up despite negative news from the USA, where stock indices declined on March 3, and the price correction on the world oil market, analysts believe.

In the opinion of specialists, a selective foreign demand will still grow more intensive in spite of the continuing uncertainty regarding Iraq. Investors are tired of waiting for the settlement of the Iraqi situation, and are ready to execute portfolio investments amid strong positive news from Russia, exerts believe.

The absence of objective reasons for a decrease in share prices and large orders for shares could trigger another growth wave on the stock market. The advance of share prices on the stock market could continue today, analysts believe.

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Author`s name Editorial Team