RUSSIAN STOCK MARKET CHEERS UP

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MOSCOW, April 1 (RIA Novosti) - The Russian stock market is going up, and had built up the upward pace by the end of today's exchange deals.

Good news bolstered up the market at the day's start as the Goldman Sachs investment bank, one of the most dynamic in the short-haul petroleum market, announced its forecast of oil prices skyrocketing to $105 a barrel within a few years.

The forecast came as the day's key events in the petroleum market, remarked the Zerich capital investment company.

Russian oil and gas stock came 0.5-0.9 per cent up as soon as the Goldman Sachs forecast was made public-that is, when the exchange had barely opened the day.

Bulls were rather cautious with blue chips all through the day, despite all. The stock exchange knows better than make precipitate steps before essential statistics come up on US employment, explains Anatoli Kaplin, Aton investment company analyst.

The long-awaited American figures came up tonight. New job opportunities have made 110,000 since the month's start-a mere half of what was expected. The news strongly encouraged bidders, as they think the US Federal Reserve System may choose not to pace up the discount rate increase, so money outflow from developing market will not grow.

The exchange is optimistic also because the Russian government budget commission determined to approve the cut-off petroleum price for the Stabilization Fund at $27 a barrel. If the price got above the mark, the Stabilization Fund would have lost some of its importance as money sterilizing agency, and Russia would be harder put than now to curb its inflation rate. That would have come as an alarming macroeconomic signal, with an impact on the Russian stock market, says Yuri Rosikov, Eurofinance investment company analyst.

The news sent the Russian Trading System index 5 points up within the concluding half hour, that after keeping close to 667-668 throughout the day.

The RTS finished the day 1.69 per cent up, at 680.38. The day's classic market transactions made eight million dollars.

LUKoil came 2.66 per cent up, Norilsk Nickel 2.07, UES 1.8, and the Savings Bank 1.52. Yukos came 4.42 per cent down.

LUKoil and the Savings Bank led the day-the deals making a respective $2.6 million and 1.2 million at the RTS.

Surgutneftegas led the day at the MICEX-Moscow Interbank Currency Exchange, 4.34 per cent up. Tatneft came 2.92 per cent up, LUKoil 2.21, Norilsk Nickel 1.83, the Savings Bank 2, UES 1.22, and Rostelecom 1.21, while Yukos slightly plummeted-by 0.12 per cent. The MICEX index increased during the day by 1.65 per cent to 607.89.

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