Analysts foresee upward trend on Russian stock market

Analysts foresee an upward trend on the Russian stock market, despite recent news about new searches in YUKOS office and on a notice of a potential default on a $1.6bn debt, received by the company. YUKOS securities have slumped, but this wide sell-off was just the first reaction.

The news about searches in YUKOS headquarters do not affect investors' mood, therefore, one should expect a moderate increase. Analysts foresee the RTS index's strengthening to 630-640 points.