Russian Stock Market Rises Amid Low Activity of Traders

The Russian stock market sees a rather slow trading session with only two deals concluded on the RTS over the first hour and a half and a rise in the majority of shares on MICEX. In particular, YUKOS gained 2.1 percent and LUKoil rose 1.5 percent while Mosenergo went down a little. Stock analysts noted that most traders were still having a vacation due to the May holidays in Russia and the rising tendency could continue on the domestic stock market only in the second half of this month. Foreign investors are expected to play an important role in dynamics of the Russian stock market, as they do not actively celebrate the First of May and the Victory Day.