02:20 GMT +328 May 2017
Live
    Business

    SHORT-TERM QUOTATION DOWNFALL IS RUSSIAN SHARES' REACTION TO CABINET RESIGNATION

    Business
    Get short URL
    0 1 0 0
    MOSCOW, FEBRUARY 24. /RIA NOVOSTI / -- The Russian share market has responded to the news of the Russian cabinet resignation by 1- to 2-percent lower quotations of the most liquid shares. The downfall has been suspended by now.

    "It has come in quite unexpectedly", Megatrustoil analyst Alexander Razuvaev has told RIA Novosti. In his opinion, the market may receive this news as a pretext for corrections, especially minding that many shares have already been repurchased.

    "A rehabilitation is being observed on the market", Trinfico analyst Yegor Krotkov has told RIA Novosti. "The market will take a respite".

    From the strategic viewpoint this event was expectable and this is why, on an average-term perspective, it may not appreciably affect the market, Krotkov believes. And added: "We'll wait for commentaries".

    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment