On Tuesday, blue-chip stories have been trading marginally in negative territory after a rebound Monday. Domestic plays dipped because of a modest contraction in U.S. stock indexes in Monday trading, with Surgutneftegaz (-1.2%), yesterdays darling, heading up the list of losers. Other names posted marginal losses, with Rostelecom easing 0.2%, UES giving up 0.6% and Norilsk Nickel pulling back 0.65%. All in all, the market looks uncertain. All eyes are on developments surrounding the American subprime market. It looks as though the market will not show any clear trend until the end of the week.
Sergey Dorogavtsev, Asset Manager, Finam Investment Company
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[Source: Russian Stock Market Blog]
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