Russian equity market shows growth in trading in reaction to Trump's projected victory

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. 

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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