Russia's stock market gains 18% in day's trading

most read

19:5530/10/2008

MOSCOW, October 29 (RIA Novosti) - Russia's stock exchanges, the RTS and MICEX, showed strong growth during Thursday trading, with their benchmark indices climbing almost 18% and over 19%, respectively.

The dollar-denominated RTS index rose 17.81% from Wednesday's close to 758.71 points, while the more liquid ruble-denominated MICEX index leapt 19.46% to 727.39 points.

Gains on the RTS were led by state-run banks VTB (29.17%) and Sberbank (26.73%).

Shares in energy giant Gazprom surged by 23.08%, independent crude producer LUKoil by 17.9%, state-controlled oil firm Rosneft by 23.56% and metals giant Norilsk Nickel by 20%.

The rally on MICEX was led by gold producer Polyus Gold, which leapt 36.6%, Sberbank (29.53%), and steel producer NLMK (25.63%). Trading was suspended for an hour after the technical index grew by more than 10%.

loading...

add to blog
send by e-mail

You may place this material on your blog by copying the link.

Publication code:

<div style="border:1px solid #d3d3d3; padding:12px 15px;"><div style="padding-bottom:10px;"><a target="_blank" href="http://en.rian.ru/" title="'RIA Novosti' newswire.Top Russian news and analysis online" style="text-decoration:none;"><img src="http://rian.ru/i/rian_logo_small_eng.png" width="121" height="15" alt="RIA Novosti" title="'RIA Novosti' newswire.Top Russian news and analysis online" style="border:0px;font-family:Verdana, Arial, Helvetica, sans-serif; font-size:20px; font-weight:bold; color:#003768;" /></a></div><div style="width:100%; overflow:hidden;"><a target="_blank" href="http://en.rian.ru/business/20081030/118047045.html"><img src="" width="120" height="83" alt="" style="border:0px;float:left;padding:0px 15px 5px 0px; font-family:Arial, Helvetica, sans-serif; font-size:14px;" /></a><a target="_blank" href="http://en.rian.ru/business/20081030/118047045.html" style="color:#000000;text-decoration:none;"><strong style="font-family:Arial, Helvetica, sans-serif; font-size:20px; font-weight:bold;">Russia's stock market gains 18% in day's trading </strong></a><p style="font-family:Verdana, Arial, Helvetica, sans-serif; font-size:12px; padding-left:135px;"><span style="color:#5590bf;">19:55</span> <span style="color:#5590bf; padding-right:7px;">30/10/2008</span> <span>Russia's stock exchanges, the RTS and MICEX, showed strong growth during Thursday trading, with their benchmark indices climbing almost 18% and over 19%, respectively. <a target="_blank" style="color:#d66938; padding-left:10px; text-decoration:underline;" href="http://en.rian.ru/business/20081030/118047045.html" title="Russia's stock market gains 18% in day's trading ">>></a></span></p></div><div style="padding-top:6px; font-family: Verdana, Arial, Helvetica, sans-serif; font-size:12px;"><a target="_blank" style="color:#d66938; text-decoration:underline;" href="http://en.rian.ru/" title="'RIA Novosti' newswire.Top Russian news and analysis online">Other news of the day</a></div></div>

Preview:

Russia's stock market gains 18% in day's trading

19:55 30/10/2008 Russia's stock exchanges, the RTS and MICEX, showed strong growth during Thursday trading, with their benchmark indices climbing almost 18% and over 19%, respectively. >>

Other news of the day

News is sent to e-mail

close

Yanukovych wins Ukraine presidential vote, loses room for maneuver Viktor Yanukovych's narrow victory over archrival Prime Minister Yulia Tymoshenko in the presidential runoff is likely to give him Ukraine's top job, but not a free hand to carry out his plans, analysts said on Monday.	Georgia ready to join NATO but Russia stands in way - minister Georgia is ready to join NATO but Russia's position prevents the alliance from accepting the South Caucasus country, the Georgian foreign minister said Monday.
An-24 passenger liner The An-24 is a short- to medium-haul turboprop aircraft	Innovation in Russian rail travel – the bilevel car The Tver Railcar Works has presented two bilevel passenger cars with six-seat compartments. The bilevel passenger car is new for Russia and will replace some standard cars.

		08/02/2010 Presidential elections in Ukraine: runoff
		06/02/2010 Multi-titled athletes on the Russian national Olympic team

USD	10/02	30.3735	–0.1423
EUR	10/02	41.6998	+0.0061
RTS	23:50	1400.38	+0.72%
MICEX	18:45	1338.16	+1.21%

Your name	E-mail	To e-mail
Picture code	Text

Business

Publication code:

Preview:

Stories