Experts recap situation on Russian stock market

Russian stocks kept declining on the Moscow Interbank Currency Exchange (MICEX) yesterday. The MICEX index totaled 492.65 points, down 0.95 percent. Prices for most blue chips dropped: RAO UES slid 1.92 percent, LUKoil slipped 0.79 percent, YUKOS edged down 0.34 percent, Surgutneftegas set back 1.75 percent and Rostelecom lost 1.39 percent. Norilsk Nickel and Sberbank grew 0.24 percent and 0.51 percent respectively. The trading volume came to about RUR8.2bn ($270m).

According to experts, strain on ruble liquidity may be slackening the stock market growth until the end of September, and in the near future correction is likely to continue.