Russian equity market shows growth in trading in reaction to Trump's projected victory
Wednesday, 6 November 2024, 11:58
The Russian equity market has shown rapid growth in trading in reaction to Donald Trump's projected victory in the US presidential election.
Source: The Moscow Times
Details: As of 11:46 Moscow time, the Moscow Exchange index was up 4.1%, a record for more than a year.
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Shares in Russian bank Sberbank rose by 3.4%, in Gazprom by 5.1% and in Novatek by 4.2%.
VTB, NLMK group, Surgutneftegaz, Lukoil, Transneft, and Sovcomflot shares gained more than 2%, and Aeroflot's shares rose by 5.5%.
Background: The value of Ukrainian Eurobonds and GDP-linked warrants has risen following the news of Donald Trump’s projected victory in the US presidential election.
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