NEWS & EVENTS: Breaking News
01.12.2005 12:38
Dec 1. In equity market developments, blue chips are back in the black.
Russian stocks gapped upward in early Thursday trading on the back of a buying spree in liquid names that outperformed the market yesterday, namely Yukos, UES and Gazprom. Investors have also seen rising demand for other blue chips amid buoyant investor sentiment.
As of 11:30 am Moscow time the top advancers were Sberbank (up 2%) and Yukos (+1.6%), while Rostelecom saw mild gains (0.6%) and Uralsvyazinform inched down 0.95%.
Benchmark RTS Index is currently within spitting distance of its all-time high of 1,052 at 1,046, i.e. up 0.85% against Wednesday's close.
Sergey Belov, Asset Manager, Finam Investment Company
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