Russian stock market opens with growth - 17 June, 2003

Today, the Russian stock market has continued going up. The trade opened amid the advance of the majority of shares traded. In the first minutes of the MICEX trade, RAO UES climbed 2.2 percent; Norilsk Nickel gained 1.7 percent. A good news background, huge ruble liquidity and share deficit have proved to suffice for overcoming correction disposition. The market has continued advancing today, analysts point out.

On the whole, the RTS index has to go up another 3 percent to reach 500 points. Yesterday, it reached the maximum level since October 1997 exceeding 480 points.