Trade volume declines on Russian stock market

The total trade volume on the RTS stock exchange and the "St. Petersburg" stock exchange decreased by 44 percent to RUR7.95bn ($278.85m) during the period from March 29 to April 2, 2004. The RTS press service reported that the proportion of deals concluded via the Internet trading system had not changed and remained at the level of 32 percent. In total, 9,091 deals were concluded.

The trade volume for indirect deals fell by 47 percent to RUR5.59bn ($196.07m), and the number of deals on the market declined by 40 percent to 8,785.

The number of direct deals and REPO deals fell by 7 percent to 306. The trade volume for such deals decreased by 37 percent to RUR2.36bn ($82.78m).

At present, 176 companies, which have the status of professional stock market participants, are entitled to participate in the trade on the stock exchange.