Business - Russian stock market unlikely to maintain record growth in 2006 

Business - Russian stock market unlikely to maintain record growth in 2006

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MOSCOW. June 7 (RIA Novosti) - Russia's stock market is unlikely this year to keep up the record high growth rates it posted in 2005. the head of the country's financial markets regulator said Wednesday.
After long stagnation. and passing the symbolic 1.000-points level on the Russian Trading System (RTS) index. In early 2006. another important benchmark level.
Oleg Vyugin. the head of the Federal Financial Markets Service. said Russian companies could still up their market value further. even though developing economies. including the Russian market. were unlikely in the next few years to develop at recent record rates.
Vyugin said Russia's financial sector needed effective infrastructure to enable companies to make quick settlements or complete initial public offerings within the time limits used at trading floors in developed countries.





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