Russian stock market to continue rising slowly

A slow rise is forecasted to continue on the Russian MICEX and RTS exchanges in the near future, however, the activity of market participants will remain low, stock analysts noted in an interview with RBC. They noted that stock prices were rising without serious clients on the market and with low trade volumes. Analysts believe this rising tendency will continue today, especially due to yesterday's rise in Russian ADRs on western markets and a rise in Dow Jones and Nasdaq indices. Forecasting the middle term situation on the Russian stock market, experts noted that a rise may continue with expected positive news, the RTS index may approach 390-400 points and then a downward correction would start.

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