US sanctions provoke 'black Monday' on Russian stock market

2018-04-10 02:55:53

(MENAFN- Trend News Agency ) New US sanctions kicked the Russian ruble and stocks to all-time low figures of prior years. Notwithstanding the oil price hike, the Moscow Exchange index sustained the most serious losses from March 2014 and the ruble fell to all-time low values against the dollar over the last six months, TASS reports.

The MOEX Russia Index dropped by 8.34% to 2,090.88 points at the close of today's trade on the Moscow Exchange. The RTS index lost 11.44% to 1,094.98 points.

The dollar rose by 3.4% to 60.15 rubles, being the all-time high from November 2017. The euro added 3.8% and climbed to 74.08 rubles, reaching the highest mark from August 2016.

Brent oil futures with settlement in June 2018 grew by 2.2% on the London's ICE to $68.2 per barrel. Urals-Primorsk oil futures with delivery in May 2018 rose 1.07% on St. Petersburg's SPIMEX to $65.82 per barrel.

Stocks of Rusal showed the highest decline (-20.35%), followed by Polyus (-18.31%), Mechel ordinary stock (-18.26%), Sberbank ordinary and preferred stock (-17.04% and -13.44% respectively), ordinary shares of Polymetal (-12.66%), MegaFon (-9.77%), TMK (-9.15%), VTB (-9.03%), and Aeroflot (-8.46%).

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