Wednesday, August 29, 2007

In intraday market updates, domestic plays opened sharply down.

On Wednesday, Russian stocks kicked off deeply in the red on the back of yesterdays setback on the U.S. market. As of 12:00 noon Moscow time Surgutneftegaz (-2%) and Sberbank (-1.8%) commons were the worst performers, while Mosenergo (+0.1%) bucked the downtrend. The RTS Index is hovering around 1,855, i.e. 1.3% lower than Tuesdays close.

Sergey Belov, Asset Manager, Finam Investment Company

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[Source: Russian Stock Market Blog]

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