The Russian stock market performed well on Monday encouraged by exceptionally high crude prices and expectations that Euro area finance ministers would finally manage to agree on Greece’s second bailout package. The MICEX index added 0.7%, and the RTS jumped 1.2%, partly driven by RUB appreciation. O&G majors ended the…
The Russian stock market performed well on Monday encouraged by exceptionally high crude prices and expectations that Euro area finance ministers would finally manage to agree on Greece’s second bailout package. The MICEX index added 0.7%, and the RTS jumped 1.2%, partly driven by RUB appreciation. O&G majors ended the…
The Russian stock market erased earlier gains on Friday pressured by uncertainty over the approval of second large scale bailout for Greece. The MICEX index inched down 0.1%, while the RTS managed to close the day marginally in the green. O&G names finished Friday in negative territory neglecting encouraging crude…
The Russian stock market underwent a moderate correction on Thursday pressured by uncertainty over the second rescue package approval for Greece; the MICEX index shaved off 0.6%, while the RTS managed to erase losses during the evening session. O&G producers generally outperformed the market as crude prices approached the USD…
Russian equity benchmarks fluctuated during the day on Tuesday and ended trading in a mixed bag. At the close, the MICEX index lost 0.9%, the RTS added 0.8% with utilities stocks mostly underperforming the market. Most O&G names ended trading in negative territory: Gazprom (-0.9%), Rosneft (-2.6%), Lukoil (-0.9%). Steel…
Russian equity benchmarks fluctuated during the day on Thursday and ended trading in a mixed bag. The MICEX index was little changed, while the RTS inched down by 0.3% with M&M names mostly underperforming the market. O&G names predominantly outperformed the benchmarks, backed by strengthening crude prices; Gazprom (0.8%), Rosneft…
The Russian stock market rallied on Wednesday, rebounding strongly from a correction in early trading, backed by revived commodity prices and improved sentiment on trading floors worldwide. The MICEX index rose 1.7%, while the RTS rallied 2.3% led by utilities and financial shares. O&G names underperformed the market as crude…
The Russian stock market was little changed on Friday, managing to resist the overall mostly negative environment and refrain from a considerable correction; the MICEX index inched up 0.9%, while the RTS declined 0.3% driven down by steels and O&G names. O&G majors closed the day in the red, despite…
The Russian stock market rebounded on Wednesday as investors were betting on Mr. Bernanke to “wow” the markets, and he actually did by forecasting a record low interest rate until late 2014 and sett the scene for another round of monetary easing. The MICEX index rose 0.7%, while the RTS…
The Russian stock market corrected down on Tuesday as a cautious outlook on the economic recovery prospects curbed demand for risky assets; the MICEX index inched down 0.7%, while the RTS shaved off 0.5%.O&G majors underperformed the benchmarks with Surgut (0.6%) being among the few exceptions; Gazprom (-0.5%), Rosneft (-2.1),…
Recent Comments