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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

volume.

"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

$3.85/$0.0340.

((Moscow Newsroom, +7095 941-8520

moscow.newsroom@reuters.com))

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