Russian share prices growing

The Russian stock market opened higher today. YUKOS shares added more than 1.5 percent at the beginning of trade on MICEX. Securities of this oil company continue gaining after losses they suffered in the middle of this summer. Mosenergo and Sberbank shares have advanced too.

On the whole, this positive opening on the market was not unexpected. A noticeable growth in practically all world indices and the high level of world oil prices provide Russian shares with a favorable news background, experts say. At the same time the current low activity of market participants does not testify to a confident upward trend on the market, analysts believe.