Russian investors pin great hopes on oil shares, but they are afraid of them
Published:
27 April 2003 y., Sunday
Russian investors pin great hopes on oil shares, but they are afraid of them, according to analysts of BCS. Sudden growth of quotations this year made everybody believe in good perspectives of investments on stock market, but experience of collapse of prices suggests that stable growth is the matter of tomorrow. That is why certain "unloading" of oil shares is registered today. This is caused by decrease of world oil prices. This happens against background of low volumes traded, which means that the prices were driven up not only stags.
There are not many securities that can be considered an alternative to oil: regional telecommunication companies, Sberbank and power industry represented by Mosenergo and RAO UES. Mosenergo flew up 5% and RAO UES slightly grew.
According to analysts, adjustment of prices will be continued today against negative dynamics of foreign indices.
Šaltinis:
oreanda.ru
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