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Reports » Russia

Russian stock market morning report by Veles Capital (June 19, 2009, Friday, 7.30 a.m. GMT)

| 19:13 EST | 05:43 IST | 08:13 SGT

On Thursday the selling continued at the Russian share market, despite the light negative background. The oil prices and the foreign market slipped a little. However the reduction was not that significant to cause the 4% drop of the Russian market. There also were additional moments, which looked negatively – first of all that relates the possible upping of loan on the gas sector. But that reason is also no enough to justify such serious drop. Possibly the market participants begin to gradually get rid of notes due to expectations of the possible second wave of bank crisis.
 


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