Russian stocks plummet on fears of deeper geopolitical crisis - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian stocks plummet on fears of deeper geopolitical crisis

MOSCOW, Feb 21 (PRIME) -- The Russian stock market shrunk on Monday pressured by investorsТ flight from risk amid vivid omens of deeper geopolitical escalation, analysts said.

The MOEX Russia Index fell by 10.50% to 3,036.88 and the RTS slumped by 13.21% to 1,207.50.

According to Yelena Kozhukhova of Veles Capital, the situation on world stock exchanges was relatively calm at the beginning of the new week, which could not be said about Russian assets, as all of the most liquid stocks were down by the end of trading.

УThe domestic stock market experienced the strongest daily drop since March 2020,Ф Yegor Zhilnikov, chief analyst at PSB Bank, said.

УLarge-scale sell-offs were provoked by the deterioration of the external background and escalation of tensions in the geopolitical issue,Ф Vladislav Silayev of Alfa Capital said.

УGrowing geopolitical risks, which put significant pressure on our market, were the main factor for Russian shares again. The decline of the European platforms, where the leading indices lost up to 2.2% in the course of todayТs trading, was the additional factor that supported the sales,Ф Bogdan Zvarich of Banki.ru said.

The shares of VK, Mechel, Rosneft and Sberbank led the decrease trend, falling from 18 to 22% at the end of the session, Silayev said.

The shares of chemical companies Acron and PhosAgro outperformed the market average but still went deep into the red zone today, Zhilnikov said.

Below are the MOEX Russia IndexТ five most active stocks on Monday:

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank -16.89 208 179.331
Gazprom -10.12 278.15 87.599
Yandex -10.5 3,110.6 26.538
Lukoil -6.92 6,010 23.107
Rosneft -18.33 424.25 20.611

(75.7619 rubles Ц U.S. $1)

End

21.02.2022 19:21
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 61.2171 +0.2139 29 jul
USD 60.2031 -0.0167 29 jul
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 2189.16 -0.32 18:51 28 jul
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 196.24 -0.13 18:36 28 jul
lkoh 3847.50 0.00 18:53 28 jul
rosn 348.70 0.00 18:49 28 jul
sber 131.69 -0.61 18:36 28 jul
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 61.1000 +0.5550 14:59 28 jul
USDTD 60.8350 +0.9200 17:44 28 jul