Currency converter
^
News Feed
News Search Topics
ОК
Use filter
You can filter your feed,
by choosing only interesting
sections.
Loading

Russian exchanges open moderately lower on bad foreign news.

September 02, 2011, 12:19 UTC+3
In the short term against such information background there may be a decline in the prices of Russian shares, however, the market retains the uptrend that developed in the second....
1 pages in this article

MOSCOW, September 2 (Itar-Tass) —— Russian stock markets opened moderately lower today against a negative external background. The MICEX index fell by 1.28 percent at the opening to 1,531.70 points, and the RTS index, by 1.2 percent to 1,683.37 points.

"The external background is moderately negative. America closed lower, the oil and gas sector is moderately better than the market, and the financial sector underperformed the market. Asia is trading lower," said the assets manager at the Investment Chamber, Alexander Volynsky.

As the chief economist of Finam Management, Alexander Osin, said the recent surge in the activity of regulators, aimed at cooling the market demand - primarily, the publication of a lower forecast of the U.S. GDP growth by the International Monetary Fund - is the limiting factor for purchases.

"In the short term against such information background there may be a decline in the prices of Russian shares, however, the market retains the uptrend that developed in the second half of August," says the analyst.

 

Show more
In other media
Реклама
Реклама