RTS index might surpass 600 points this week

Zenit Bank analyst Sergey Sukhanov pointed out in an interview with RBC that the activity of trade on the Russian stock market was minimal and some considerable changes were unlikely to occur today. "Prices of the majority of securities have remained at the levels of last Friday; most participates are passive amid a day-off in the USA. Markets of natural resources continue strengthening, which influences the fuel and energy sector positively. At the same time, second-tier shares, such as telecom and metal stocks, are still enjoying demand. Ruble liquidity is excessive and all these factors create a good support for the market on the whole. Forecasts seem to be optimistic for me. The RTS index might surge above 600 points this week," the expert said.