Russian stock market emboldened by Putin’s statements, prices soar
The Russian stock market surged on Wednesday, with the stock indexes hitting one-month highs on the back of statements made by President Vladimir Putin that strengthened expectations of a resolution to the situation between Kiev and federalization proponents.
The MICEX stock index closed at 1363,48, up 3,4%, its intra-day high being 1378,93, while the dollar-denominated RTS index was at 1227,75 points, up 4,7%, according to Interfax.
Ruble-priced blue chips grew up to 8% on the Moscow Exchange. Prices were up for VTB (+4,2%), Gazprom (+3,6%), Gazprom Neft (+1,3%), Lukoil (+2,1%), Novatek (+6,6%), Norilsk Nickel (+4,2%), Rosneft (+2,2%), Rostelecom (+3,1%), Sberbank (+5,9% and +8% for prefs), Surgutneftegas (+1,4%), Tatneft (+2,8%) and Federal Grid Company (+1,6%). Second-tier leaders on the Moscow Exchange Wednesday were LSR Group (+7,4%), Sollers (+7,3%), Severstal (+6,3%) and Mechel (+5,6).
Combined trading volume on the main Moscow Exchange market was 59,7 billion rubles for the day, of which 20,847 billion rubles were in Sberbank shares, and 11,663 billion rubles in Gazprom shares.
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