Stock market quotes, forex, financial news, forex tools – money-investing.com

Russian stock indexes are going up the fourth session in a row

 Breaking News

Russian stock indexes are going up the fourth session in a row

Russian stock indexes are going up the fourth session in a row
September 07
15:00 2016

Stock indexes in the Russian Federation are growing the fourth session in a row, despite the fact that the demand at the global stock markets has been maintained. Sberbank stocks have the best indicators in the MICEX. Sberbank has updated the historical highs again after the RAS report on the grown net profit over 8 months of 2016.

The ordinary shares of Sberbank are growing: they have grown by 2.3 percent to an optimum target of 154 rubles by noon. “Preferred shares” have risen in price by 2.5 percent to 110.8 rubles. This is also an unprecedented rate.

Sberbank is the largest state bank of Russia.  Today it has made a statement that its net profit has increased three times for the first 8 months of this year.

Securities of Megaphon have increased by 2 percent. They are among the leaders of the growth in the MICEX index after Sberbank securities.

According to the employee of the sales department of one of the foreign banks, a comment of the Russian President Vladimir Putin, which he gave the previous day, can assist the telecommunications sector. The comment was related to the question of the “anti-terrorism package” of amendments. This package suggests the telecom operators to increase expenses, as now they are required to save text messages, voice information, images, sounds and other media posts of the users with the term up to six months.

The cost of MTS and Rostelecom securities has increased by 1.2 and 1.7 percent respectively.

The MICEX index has been reaching new record levels for some days in a row. Now the indicator has risen by 0.67 percent – up to 2.053 points. The RTS Index has exceeded a value of 1,000 points for the first time since last June. It has added 0.9 percent since the closing of the yesterday’s trading.

World markets are in the euphoria. Today the global MSCI index has risen to its highest level since August 2015 due to the investors’ forecasts that the period of ultra-low interest rates in the US will be maintained for a long time.

Brent crude oil is being traded at around $ 47.78 per barrel. This is 1.2 percent above the session closing of the previous day.

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment