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),…
The Russian stock market corrected down on Friday under pressure from a worsening global sentiment as Greece was unable to come to a consensus with private lenders to restructure debt. The MICEX index lost 0.9%, while the RTS declined 0.6%.O&G majors finished the day in the red as crude prices…
The Russian stock market closed another day in the green on Thursday, backed by rising commodity prices, declining borrowing costs for EU states and predominantly positive corporate reports. The MICEX index climbed 0.7%, while the RTS rose 1.2%.O&G names closed the day in the green with Gazprom (1.4%) outperforming the…
The Russian stock market fully enjoyed a mostly positive global sentiment on Tuesday, resulting in a decent climb in equity guides, led by base metals producers and steels. The MICEX index gained 1.5%, and the RTS index rose by 1.1%.O&G names performed generally in line with the market supported by…
Russian equity benchmarks ended Thursday in a mixed bag, as encouraging statements from the ECB chairman were offset by a crude price correction and disappointing job market data from the US. The MICEX index slid 0.1% with the RTS index inched up 0.2%.O&G names substantially underperformed the market pressured by…
The Russian equity benchmarks closed Tuesday in the red, pressured by increasing uncertainty over the ability of European nations to refinance debt on appropriate terms. The MICEX index sank 0.3%, while the RTS index lost 0.8%.O&G majors outperformed the market on average backed by firm crude prices; Gazprom (-0.6%), Rosneft…
The Russian stock market confidently headed north, however volumes were fairly low due to the holidays in the West. The MICEX index added 1.0%, while the RTS index climbed 0.8%.O&G majors appreciated in line with the benchmarks backed by firm crude prices; Gazprom (1.0%), Rosneft (0.8%), Lukoil (0.6%). Steel producers,…
Russian equities underwent a painful correction on Wednesday, after the ECB lending to banks exceeded expectations and Italy reported negative growth rates in 3Q11. The MICEX index lost 1.7%, with banks leading the decline. O&G majors managed to marginally outperform the market being backed by appreciating crude prices; Gazprom (1.6%),…
Russian equities rallied on Tuesday backed by the encouraging results from a bond auction in Spain and strong housing data from the US. The MICEX index jumped 2.4%, and the RTS posted a 2.5% gain. O&G majors performed generally in line with the market; Gazprom (3.9%), Lukoil (1.0%), Rosneft (2.8%).…
Russian equities produced a mixed performance on Monday, as O&G names closed the day in the green, while financials and metals producers headed south. At the end of the day the MICEX index was little changed, and the RTS lost 1.1%. O&G majors closed the day predominantly in the green…
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