On Monday, Russian equities posted modest advances at the open, but no clear trend was visible during the first hour of trading. Monday is expected to be low-key, as US exchanges are closed for the Labor Day holiday. As of 12:00 noon Moscow time the list of gainers was headed up by Sberbank (+1.6%) and Surgutneftegaz (+0.9%), while the decliners were led by Tatneft (-0.6%) and AvtoVAZ (-1.2%). The RTS Index is hovering around 1,926 or 0.2% higher than Fridays close.
Sergey Belov, Asset Manager, Finam Investment Company
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[Source: Russian Stock Market Blog]
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