08/31/1998 09:06:55 Russian shares edge down in paralysed trade
MOSCOW, Aug 31 (Reuters) - Russia's main shares index, the
RTS1-Interfax, had fallen 0.69 percent to 66.31 on Monday at its
first calculation at 0800 GMT.
Turnover on the essentially frozen market was a wafer-thin
$37,000 after the first hour.
Reuters composite index <.RRC1> of Russian shares markets
was up 0.09 percent to 48.01 at 0850 GMT on seven million shares
"There is no real trade," said MFK Renaissance trader Dmitry
Kulyashents. "But quotations have been marked down, probably
because of the uncertainty with (Acting Prime Minister Viktor)
Chernomyrdin's appointment (as full Prime Minister)."
Rouble trade remained suspended on Monday on Russia's main
currency exchanges, but quotations on the Mosocow Interbank
Currency Exchange (MICEX) electronic SELT <MMVBSELT> system were
a bid/offer of 11.50/12.10 roubles per dollar, weakening from an
early 10.01/10.90 and late Friday's 9/11.
LUKoil <LKOH.RTS> was the biggest mover with shares prices
falling to $3.60/$3.73 bid/offer over Friday's close of
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