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The Russian RTS index has reached a new peak for more than one year

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The Russian RTS index has reached a new peak for more than one year

The Russian RTS index has reached a new peak for more than one year
September 06
14:30 2016

On Tuesday the RTS dollar index, a leading indicator of the Russian stock market, has reached a new highest level since June last year. The strengthening of the ruble against the oil growth has become the background for this. The historical maximum of the MICEX index has updated again.

By the middle of the day, the RTS index has risen to 988.58 points. The index has reached a peak since 18 June, 2015 – to 989.54 points. The MICEX index has soared up to 2033.47 points. The new limit of the index is 2035.35 points.

The securities of “Gazprom”, “Norilsk Nickel”, “Rosset” and Sberbank have the leading positions among the “blue chips” .

On Tuesday “Gazprom” CEO Alexey Miller said in an interview to “Interfax” that the corporation had offered the Chinese company CNOOC to participate in the development of oil fields on the continental shelf of the Russian Federation.

“What about oil – we consider such a possibility, such offers have been made. In particular, they are deposits on the shelf, “- said Alexey Miller.

On the eve the Russian President Putin answered the questions of the agency Bloomberg in Vladivostok. Then he expressed the opinion that “Gazprom” was undervalued by the market, but its capitalization drops did not cause anxiety of the Russian government. At the same time the Russian Federation has no plans to sell “Gazprom”. Respectively, its current market capitalization is not a problem.

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