Upsurge In US Indices Leads To Rise On Russian Stock Market

The Russian stock market opened with a rise in a lot of shares today as a result of an upsurge in US indices yesterday. Share prices reached yesterday's maximum levels in the first minutes and then dropped a little. An extremely positive situation on international markets continues having a positive influence on Russian stock exchanges. In addition, specialists stressed that a rise in Russian shares is going on practically without foreign investors. The RTS trade volume is still not very high and no high demand for Russian shares is observed among foreign market participants. Analysts believe a downward correction would be more likely when the RTS index reaches a level of 250 points.