Russian Stocks Forecasted To Rally At Opening Today

The Russian share market is likely to open with a price hike today over a surge in Western stock indices. However, it is difficult to say whether the stocks will keep growing, as a new swing of the Argentinean crisis may trigger large sales by non-residents on all emerging markets, Vladimir Detinich, analyst at the Aton investment company, said in an interview with RBC today. Yesterday Russian shares went down, the RTS index dropped 2.2 per cent amid a larger than expected trading volume of $11.1m. The majority of blue-chip shares fell to their previous lows. The only exception was Yukos, which advanced 2.2 per cent yesterday.