Monday, August 13, 2007

In intraday market news, domestic stocks are recovering from 2-day losses.

On Monday, the market seems to be recovering from a sharp drop of the last two sessions, with blue chips trading marginally in the black and oil plays leading the advancers. Surgutneftegaz emerged as the star performer, up 3.5%. Tatneft is also riding high, 1.5% against Fridays close. Mondays sentiments look bullish and time will tell how things will unfold later on. Quite likely, Russian stocks will gain this week if no negative news comes from the West.

Sergey Dorogavtsev, Asset Manager, Finam Investment Company

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[Source: Russian Stock Market Blog]

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