Russian stock market opens higher - 1 September, 2003

Trade on the Russian stock market started with the advance in the majority of highly liquid Russian stocks. YUKOS added 1.4 percent. Norilsk Nickel has performed a confident growth. The RTS index went up 1.18 percent to 537 points at 12:30 Moscow time. On the whole, optimistic sentiments continue prevailing on the market. The external news background is also positive. The market might keep rising today, although a strong gain should not be expected. The dynamics on the market will be defined by Russian participants, since it is a day off in the USA today.

Specialists believe that growth is likely to continue on the market over the next few weeks. The optimistic sentiments are due to economic growth in Russia, they say. Moreover, the volume of free resources at investors should increase over the next few months.