MOSCOW, March 13 (RIA Novosti) - Russia's stock market seems to have rebounded after shares in embattled oil company Yukos plummeted a massive 45%.
Russian Trading System (RTS) index declined 9% last week against the backdrop of a downward trend. Blue chips and Sberbank shares reacted to a slide in oil prices and growing profits from U.S. Treasury liabilities.
First signs of a recovery appeared on Friday, and the stock exchange finally bounced back on Monday.
RTS trading closed at 1,384.58 points, up 2.47% on Friday. All "blue chips" rose except Yukos [RTS: YUKO], which fell 45.44%, affected by news of a bankruptcy petition for the Yukos Oil Company filed by a group of Western banks.
