US sanctions provoke ‘black Monday’ on Russian stock market
By Trend
New US sanctions kicked the Russian ruble and stocks to all-time
low figures of prior years. Notwithstanding the oil price hike, the
Moscow Exchange index sustained the most serious losses from March
2014 and the ruble fell to all-time low values against the dollar
over the last six months, TASS reports.
The MOEX Russia Index dropped by 8.34% to 2,090.88 points at the
close of today’s trade on the Moscow Exchange. The RTS index lost
11.44% to 1,094.98 points.
The dollar rose by 3.4% to 60.15 rubles, being the all-time high from November 2017. The euro added 3.8% and climbed to 74.08 rubles, reaching the highest mark from August 2016.
Brent oil futures with settlement in June 2018 grew by 2.2% on the London’s ICE to $68.2 per barrel. Urals-Primorsk oil futures with delivery in May 2018 rose 1.07% on St. Petersburg’s SPIMEX to $65.82 per barrel.
Stocks of Rusal showed the highest decline (-20.35%), followed by Polyus (-18.31%), Mechel ordinary stock (-18.26%), Sberbank ordinary and preferred stock (-17.04% and -13.44% respectively), ordinary shares of Polymetal (-12.66%), MegaFon (-9.77%), TMK (-9.15%), VTB (-9.03%), and Aeroflot (-8.46%).
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