Russian stocks keep growing

Trade on the Russian stock market is characterized by an advance in the majority of securities, however the activity of market participants has dropped sharply against August 15, the previous working day. Mosenergo, Surgutneftegas, and YUKOS added more than 1 percent on MICEX. The RTS index has surged by 0.91 percent to 515.47 points, however trade on many blue chips did not start in the first hour on the RTS exchange.

It is possible that the RTS index will try to surpass 518 points achieved in early July 2003. However, the decreased trade volume testifies to the fact that many investors are not ready to play for a rise actively.