Monday, August 27, 2007

In intraday market news, domestic equities kicked off the week to the upside.

On Monday, Russian issuers opened to the upside on the heels of upbeat performances in US stock indexes. As of 12:00 noon Moscow time Surgutneftegaz (+3.3%) and UES (+1.8%) commons emerged as the sessions top advancers, while Rostelecom (+0.4%) and AvtoVAZ (+0.3%) underperformed the market. Benchmark RTS is hovering around 1,891 or 1.4% higher than Fridays close.

Sergey Belov, Asset Manager, Finam Investment Company

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[Source: Russian Stock Market Blog]

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