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After the news that the US was not going to introduce new sanctions, the Russian market started to grow

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After the news that the US was not going to introduce new sanctions, the Russian market started to grow
October 24
15:00 2018

After losses earlier this week, Wednesday resulted in the growth of the Russian stock market amid the news that America was not going to introduce new sanctions.

The MICEX index has risen by 1.6%, while RTSI has grown by 2.4%. Blue chip prices have risen by more than 4%.

The dollar has fallen to the value of 65.1 rubles for one unit of the above currency.

John Bolton, Donald Trump’s national security adviser, said at the meeting in Baku that Russia didn’t have to be afraid of additional sanctions against it. The last time they were introduced 4 months ago and were associated with the poisoning of the Skripals.

The largest increase was shown by Sberbank. The papers of the bank have grown by 4.1%, which allowed it to reach the second place in terms of national capitalization, depriving the PJSC Lukoil Oil Company of their silver medal.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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