Experts recap rising trends on stock market

The Moscow Interbank Currency Exchange (MICEX) saw a confident rise yesterday, a stock analyst reported to RBC. Despite a downward correction at the closing yesterday, the MICEX index was still at a record high of 570.67 points, 0.58 percent higher than at the closing on October 13. Common shares of the national energy grid RAO UES went up 2.3 percent, Norilsk Nickel advanced 2.4 percent while Surgutneftegas, YUKOS and LUKoil dropped 0.8, 2.8 and 0.6 percent respectively.

The expert linked the rising tendency to favorable ruble liquidity with one-day ruble credit rates remaining at about 1.7 percent. The domestic market was rising also on higher balances at correspondent accounts of commercial banks and a handful of positive corporate news.