Falling trend continues on Russian market

A reduction in most blue chips continued on the Russian stock market today. The MICEX exchange opened with a fall in the majority of stocks a little below the previous closing levels, however, later this tendency intensified. YUKOS lost 3.46 percent as of 1 p.m. on a negative forecast issued by Moody's. RAO UES of Russia and Mosenergo dropped more than 2 percent, Surgutneftegas and Sibneft lost almost 3 percent.

The RTS stock exchange sees a fall in most blue chips as well. YUKOS was down almost 4 percent, and the RTS index fell 1.46 percent to 543.28 points.