Thursday, August 23, 2007

In intraday market updates, blue chips kicked off to the upside.

On Thursday, domestic plays opened higher on the back of upbeat performances in the US. As of 12:00 noon in Moscow Norilsk Nickel (+1.1%) and Sberbank (+0.9%) led the advancers, while UES (-0.6%) and Surgutneftegaz (-1.3%) underperformed the market. The RTS Index is hovering around 1,870 or 0.9% above Wednesdays close.

Sergey Belov, Asset Manager, Finam Investment Company

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[Source: Russian Stock Market Blog]

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