UralSvyazInform’s stock price drops by 4% at MICEX

Most of Russian blue chips kept going down on May 24, 2007: they were .9% to 4.1% less expensive at both RTS and MICEX as early as 10.45 AM; RTS and MICEX indices dropped down to 1,792.45 and 1,566.37 points, respectively.

At MICEX, RAO UES of Russia’s shares (EESR) were sold 2.4% cheaper, those of LUKOIL (LKOH) became 1.8% less expensive, those of GazProm (GAZP) dropped by 2%, those of Norilsk Nickel (GMKN) dropped by 3.1%; the shares of SurgutNefteGas (SNGS) were sold 2.8% cheaper, the price of those of TatNeft (TATN) decreased by 1.4%, TransNeft’s shares (TRNF) went down by 4%. UralSvyazInform’s stock price decreased by over 4%.

5.4 billion RUR worth of transactions had already been made at MICEX by 10.45 AM on Thursday, with RAO UES of Russia’s ordinary shares taking the lead with their 1.92 billion RUR worth of deals. As for RTS, the turnover reached $4.7 billion.


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