Oil Stocks Continue Retreating

Trade on the Russian stock market is characterized by a confident drop in the majority of traded shares. RAO UES securities eased back by 2.83 percent, Mosenergo went down by 4.4 percent. The exception is Surgutneftegas with a 5.1 percent advance on the market.

Before the upcoming holidays investors have decided to fix profits, experts say.

Trade at the RTS is inert; almost two thirds of the trade volume is the deals with RAO UES and LUKoil shares. The RTS index decreased to 420 points, which is equal to the level registered on April 30.