OREANDA-NEWS. Last Friday created all prerequisites for negative dynamics of Russian market of shares opened this week, while backed by G7 members announcements regarding slowing growth rate of Eurozone and US, US and European markets dropped, followed by oil price. Black oil was traded at highest values, triggering 'healthy' correction.

According to the Veles-Capital information service, Russian stock market was affected by this, joining the drop of foreign indicators. Besides of that, another possible psychological catalyst was brought by anniversary of US stock crisis of October 19, 1987. 20 years passed since DJ Industrial lost over 20% in just one day. Further fall was pushed by domestic events, including Mr Kudrin's Monday speech on uncertain consequences off world's financial crisis.

Throughout the day RTS lost 2.05%, falling back to 2098.57 points. Fall was led by oil & gas sector. Shares of LUKOIL (-3.94%), Rosneft (-3.21%) and Gazprom (-2.24%) caused most damage to index. Market was lightly supported by shares of second tier, among them were representatives of power sector: TGC-4 (+6%) and Yarenergo (+3.45%). Trading volume of Monday's RTS made 58.89 mn USD. On October 22, shares of UES (18.3 mn USD), Norilsk Nickel (8.6 mn USD) and Sberbank (8.5 mn USD) were most popular among investors. In the experts' opinion, this week will be flagged by correction as, first of all, correction began back on Friday, October 19, and, secondly, ongoing growth lasted since October 5. Until that moment market was also moving through correction of a short growth trend. "Due to
this and a batch of negative external factors we expect further decrease to reach 2050 points," the analysts forecast.