OREANDA-NEWS  On 03 October was announced, that this Wednesday Russian stock market started moving in a positive zone, whilst investors have benefited from the goods news abroad – as US markets closed in the green. On par with this the oil prices have reinstated their climb upwards. Nevertheless, at the second half trades were no as good as in the first. European grounds dropped down, and “black gold” quotes moved in downwards, whereas the US’ downward opening gap caused yet another slide of Russian stock market. Wednesday’s top losers were the representatives of banking sector.

RTS has lost -1.88% and formed 1189.06 points. Wednesday’s deepest fall was fueled by the quotes of: Sberbank (-6.98%), Gazprom (-5%) and LUKOIL (-2.44%). The support was brought in by stocks of: Hydro-WGC (+8.2%), NLMK (+12.36%) and Norilsk Nickel (+2.46%).

RTS classic market turnover has formed 12.7 mn USD. The turnover leaders seats were manned by securities of: Gazprom (3.8 mn USD), Sberbank (3.2 mn USD) and LUKOIL (1.2 mn USD).

It is likely to see another volatile day. On one hand – the US indices closing in red would slap the market. On the other – modified version of “Paulson’s plan” would become somewhat a savior, which may help the both sides of the Atlantic. Taking into account that injection in financial market of 700 mn USD would not eradicate the problems between banks and investment firms completely, the financial sector is likely to remain under pressure, which on its part may badly damage the dynamics of Russian banks. And the ongoing improvement of dollar rate would push the oil price down – hence influencing the value of oil & gas companies.