30 Jul 2009 18:27

RTS Index tops 1,000 points in last minutes of trading, up 2.8% for the day

MOSCOW. July 30 (Interfax) - The RTS Index topped 1,000 points in the final minutes of trading on Thursday. The Index gained 2.8% for the day while the MICEX Stock Exchange went by around 5%.

Russian stock market growth today was largely driven by positive external factors on foreign markets, which reacted optimistically to good corporate news. This, in turn, helped restore investor hopes for the recovery of the world economy.

Also having a positive impact was renewed price growth for oil. By 6:05 pm Moscow time, Brent increased by 3.25% to $68.69 a barrel while WTI topped $65 a barrel, up over 2.6% for the day.