Friday, August 24, 2007

In intraday market updates, blue chips opened with mild losses.

On Friday, domestic names kicked off slightly in negative territory, but gains were mixed in the first hour of trading. As of 12:00 noon Moscow time Surgutneftegaz (+2.7%) was the days lead advancer, while Gazprom (-1%) and Sberbank (-1.4%) were the weakest issuers. The RTS Index is hovering around 1,855, i.e. 0.7% below Thursdays close.

Sergey Belov, Asset Manager, Finam Investment Company

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[Source: Russian Stock Market Blog]

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