OREANDA-NEWS. Tuesday, October 16, was flagged with the expected correction. Backed by negative closing foreign stock markets, Russian markets tried to play downward, whereas results could be called successful, throughout the day and towards end of trades RTS lost 0.78%, Veles Capital's report reads. October 16 top shares were of oil & gas sector, though this can be easily explained by oil prices' positive dynamics. On top of that, due to nervous situation at oil pumping Middle East, possible prerequisites exist for further growth of "black oil" price. On its part this may positively influence quotes of sector's shares, even despite fiscal load. Shares of Aeroflot were also notable at background of general fall. The company reported growth of operating results of 3Q 2007 (including number of transferred passengers, growing 12.4%), which could have also contributed to growth of company's quotes.

Opposite side of market was occupied by shares of metallurgy sector, including Norilsk Nickel, which was probably caused by continuous uncertainties over "divorce" of company's holders. Closing index lost 0.78%, thanks to shares of Norilsk Nickel (-3.27%), Gazprom (-1.1%) and Sberbank (-1.02%). Indicator's value stopped at 2159.84 points. Market was supported by shares of LUKOIL (+0.73%), Rosneft (+0.35%) and Aeroflot (+3.34%). RTS turnover of Tuesday formed 67.4 mn USD. Leaders on turnover volume: UES (14.8 mn USD), Gazprom (11.8 mn USD) and Norilsk Nickel (11.4 mn USD). US and Asian markets showed drop before opening of Russian trades. Nevertheless, oil prices are still at record level, which must prove positive for oil & gas sector. Apart for that, segment could be supported by Rosneft, shares of which should be propelled up with recently issued sound report.