Analysts on situation on stock market

Russian stocks will head lower after the holidays, analysts believe. Today market player were less aggressive compared to yesterday, they stress. Experts believe that the stock market is waiting for after-holidays sessions to continue a downward trend.

Some experts foresee a 5 percent decrease for both RTS and MICEX indexes and see this level as a support. Market players are afraid of the rehearsal of the major market trend in 2000, when insignificant upward movements interrupted long-term declines.

The RTS index lost 0.97 percent to 629.95 points, the MICEX index climbed 0.8 percent to 563.78 points. RAO UES lost 1.5 percent to $0.27, LUKoil decreased 1.47 percent to $26.9, Surgutneftegas fell 2.59 percent to 0.64 percent, YUKOS shed 0.27 percent to $11.27 on the RTS exchange.

On the MICEX exchange, RAO UES shed 0.24 percent to RUR7.851, LUKoil tumbled 0.37 percent to RUR787.55, Mosenergo inched 0.61 percent lower to RUR2.281, Surgutneftegas declined 1.23 percent to RUR18.82.

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Author`s name Editorial Team