(Adds paragraphs 4-5)
LONDON, May 23 (RIA Novosti) - The future is bright for Russia's stock market despite Monday's slump, the head of the stock segment at the Moscow Interbank Currency Exchange said Tuesday.
The MICEX overall index fell 9.65% Monday, and trading was suspended for one hour at 6:30 p.m. local time (2:30 p.m. GMT) Monday after it had fallen 8.5% on the day.
"Yesterday I ordered that trading at the stock exchange be suspended because the MICEX index had fallen 8.5%," Alexei Rybnikov told a London conference on business in Russia.
Rybnikov said the MICEX stock exchange was showing the signs of a rebound Tuesday.
Rybnikov also said the MICEX index had risen 13% since the start of 2006 and the value of operations had exceeded last year's indicators by 200% in the first four months of 2006.
