Ural Bank for Reconstruction and Development comments on Russian share market

20 April 2007 (13:48)

On April 18, 2007, the Russian market of shares responded to the reduced American stock market indices and the drop in oil prices (now sold at $63.1 per barrel after the U.S. decided to produce more petrol to meet the current demand) by a decrease in all the blue chip prices. The market was slightly over 1,990 after the first two hours of business. In the afternoon, it kept going down due to intense activity in the Russian ADR sales sector and the still decreasing oil prices, reached the minimum of 1,967.32 points at the close of business and remained at a little less than 1,970 afterwards.

RITEK AO shares, reaching the point of 249.98 RUR (+6.33%) per share, were the day’s No.1 in terms of price growth. Shares of Avtovaz-2p, with the price going down to 1,257 (-4.05%) RUR per share, were on top of the dropping-down list.

At the close of business, RTS index stayed at 1966.5, MICEX index at 1,726.26, MICEX10 index at 3,401.3 points. Shares of RAO UES of Russia were sold for 35.584 RUR per share, those of Nornick for 5,100 RUR, those of Gazprom for 257.6 RUR.

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