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Moscow shares down as investors dump emerging market assets


Published : Fri, 27 Jul 2007 15:55
By : Agencies
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MOSCOW (Thomson Financial) - Moscow shares regained a foothold before close, but still ended deep in the red for the fourth day running as investors continued to sell emerging market shares in favour of more secure assets.

At close, the RTS index was off 29.85 points, or 1.49 pct, at 1,967.06. It had traded almost 3 pct down earlier in the day. The ruble-denominated MICEX composite index lost 21.27 points, or 1.23 pct, to 1,703.01.

patrick.graham@thomson.com

amk/slj/pjg/pjg/gp

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