Russian equities kicked off the new week in a lackluster fashion so far. Off 0.5% at the open, blue chips seem to be flatlining, without any moves up or down. Lukoil (+0.5%) and Norilsk Nickel (+0.3%) are the strongest plays today, while Tatneft and Uralsvyazinform (-1%) have been underperforming the market. Right now its not possible to make any forecasts, as many factors will depend on the ability of the United States to cope with subprime market problems. The market will be the most sensitive to news from this front in the coming days.
Sergey Dorogavtsev, Asset Manager, Finam Investment Company
Read More...
[Source: Russian Stock Market Blog]
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment