Fall Continues on Russian Stock Market

Published: 10 April 2000 y., Monday
One of the main reasons for this drop was the strict measures which the Council of Europe is going to take against Russia. Yesterday, participants of the market did not regard this information as possible to have a negative impact on the dynamics of share prices. However, this news became one of the most important factors that influenced the beginning of today's trading. The most cautious traders decided not to risk and started to fix their profits. This resulted in a drop in prices at the very beginning of the trade. By midday, Russian shares dropped by about 3.5%. The MICEX index was down 0.6% at 246.95 points in the first hour of trade. The RTS index went down by 1.47% to 219.15 points, and the RBC index, which is calculated from data coming from various trading floors, dropped by 1.72% to 40.06 points. The activity of traders was higher today. The MICEX trade volume reached 442m rubles ($15.41m), and the RTS volume of trade amounted to $8.8m by 12:00.
Šaltinis: RBC
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Turkey - where next?

In January 2009, the EBRD commissioned two Italian consultants to study Turkey's sustainable energy market in preparation for future investments. more »

Delegation of More than 50 Chinese Business Representatives Arriving to Vilnius

Next week a delegation of more than 50 Chinese businessmen, accompanying the Chinese Vice-Premier Hui Liangyu, are arriving to Lithuania. more »

New Shopping and Entertainment Centre Opened in the Capital City

The German developer “ECE” together with Lithuanian partners opened a new shopping and entertainment centre Ozas Gallery in Vilnius. more »

Thailand Hones Response to Crisis through Dialogue with World Bank

As it embarked on an ambitious stimulus spending, Thailand turned to the World Bank for advice on how to fast track the spending coupled with proper management controls to keep programs on the rails. more »

Parex banka signs subordinated debt agreement with the EBRD

Peter Reiniger Business Group Director for Central Europe and the Western Balkans from the European Bank for Reconstruction and Development visited Latvia to sign subordinated loan agreement with Parex banka. more »

AB DnB NORD Bankas starts placement of USD denominated Government bonds

On Monday AB DnB NORD Bankas started placement of a 13-month fixed-rate Lithuanian government bonds. It is the first time when Lithuanian sovereign USD denominated securities will be available on Lithuania’s retail market. more »

Swedish Press: Worst Times Has Already Passed for Lithuania

The Swedish business daily Dagens Industry published an interview with Andrius Kubilius, the Prime Minister of Lithuania, to Bloomberg News. more »

Swedish Trade Minister sees the bright side of the economic crisis

The economic crisis still has a firm grip on large parts of the world. But Sweden’s Minister for Trade Ewa Björling can see bright spots. more »

EBRD and KfW Entwicklungsbank acquire stake in MegaBank

The European Bank for Reconstruction and Development and KfW Entwicklungsbank (The German development bank) are providing a financing programme worth up to €28.9 million to MegaBank - one of the strongest regional banks in the eastern Ukraine. more »

Swiss to reveal UBS accounts

A settlement in an international tax dispute that strained U.S. ties with Switzerland. more »