09.11.2007, 08:20
Russian Stock Market Roundup for November 7 Issued
OREANDA-NEWS. According to Veles Capital's research department, Russian stock market slowed down its growth on November 7. A sharp turn in the wake of record oil prices was changed by sideways movement. Possible reason - speculative correction on a range of shares and internal events. Norilsk Nickel's shares lost 0.68% due to news about sale of treasury stocks. Shareholders of Tatneft and UES also fixed their income. The counterbalance was provided by increased stocks of Gazprom. The new possible entrance of gas monopoly's stocks to Shanghai market provoked unexpected 1.4% growth. Shares of Chelyabinsk Tube Rolling Plant rose by 2.5%. Sudden disclosure of information regarding primary shareholders of the company has played its role well. Quotes of Rosneft still enjoy news on stocks' entrance into MSCI index. Throughout Wednesday RTS rose and has reached its new highest value at 2280.95 points, adding 0.53% to its prior value. Top support for indicator was delivered by stocks of: Gazprom (+1.4%), Rosneft (+2.55%0 and NLMK (+1.52%), UES (-0.16%), Norilsk Nickel and preferred stocks of Sberbank (-1.67%) had slightly slowed the growth of index. The total turnover of the market rose to 87.9 mln USD, whereas highest volumes were achieved by shares of Gazprom (29.8 mn USD), UES (22.9 mn USD) and Sberbank (8.8 mn USD).




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