Russia's stock market extends losses on negative economic data

Subscribe
US
India
Global
Russia's two main stock exchanges, MICEX and the RTS, opened lower on Tuesday following negative macroeconomic data published by the country's top statistics body.
MOSCOW, February 17 (RIA Novosti) - Russia's two main stock exchanges, MICEX and the RTS, opened lower on Tuesday following negative macroeconomic data published by the country's top statistics body.

As of 11:53 a.m. Moscow time (08:53 GMT), the ruble-denominated MICEX saw its index plunge 2.20% from Monday's close to 696.31 points. The biggest losses were extended by metals giant Norilsk Nickel (down 4.94%), state-controlled VTB Bank (2.94%) and independent crude producer LUKoil (2.44%).

As of the same time in Tuesday's trading, the dollar-denominated RTS fell 3.64% from Monday's close to 587.15 points, with Norilsk Nickel shares declining 8.47%, state-controlled Sberbank 5.71% and Gazprom 3.95%.

Russia's State Statistics Service reported on Monday that the country's industrial output had fallen by a massive 16% year-on-year in January 2009, dashing the government's hopes for a recovery later this year.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала