Sep
15
Throughout Friday Russian stock market had finally demonstrated a decent technical growth. And this fact is unsurprising, especially at the back of market’s non-stop fall going through last seven trading sessions, down total of 21.5%. The purchase catalyst of the day was the closing of a number of short positions, plus the speech by RF president Medvedev, regarding support of financial and stock markets during such unfortunate times. Friday’s growth leader was oil & gas, telecoms and metallurgy sector, upping +2.99%, +2.63% and +4.08% respectively. Energy sector’s quotes have dropped, losing -0.43%.
Main Russian Stock events
WGC-6 issues IAS 1H 2008 report.
WGC-6 IAS-compliant sales of 1H 2008 expanded +34.7% versus 2007, totaling 851.3 mn USD. The increase of sales is related to growth of electric power generation and electric power price.
Russian Stock Main Events (PDF Stock Report)
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