Russian stock market continues booming

The Russian stock market has kept on skyrocketing after the RTS index reached its historic maximum on October 1. The majority of Russian blue chips opened with a confident growth today. Oil stocks have been the leaders. Surgutneftegas added 3.3 percent at the RTS in the first 60 minutes of trade. LUKoil surged by 2 percent, YUKOS gained 1.3 percent and Sibneft jumped 7 percent. The RTS index started at 584.37 points, which was 1.83 percent higher than the closing on October 1.

There has been good demand for all securities. Investors seem to be pretty optimistic. According to analysts, the play for a rise will continue today.