Russian stocks soar upon reopening, at huge premium to last London trades
Russian stocks surged upon their reopening for the first time in a month, demonstrating the impact of new restrictions that effectively isolate international investors from participating in setting prices.
Trading reopened in 33 Russian stocks, and nearly all surged in value. Natural gas giant Gazprom, oil companies Lukoil and Rosneft and aluminum producer Rusal International saw double-digit percentage gains. Aeroflot was one of the few decliners, as the Russian airline which is banned from European Union airspace dropped 10%.
The Russian RTS index RTS, -8.22%, which is denominated in dollars, fell by 6%. The dollar USDRUB, -0.13% has surged 30% against the ruble this year.The valuations are incredibly different than assigned in the West. Lukoil’s local shares were roughly 100 times the value of Lukoil’s London-listed shares, which last traded on March 4, and Gazprom’s were ten times as high.
Russian authorities have banned brokers from processing sell trades by foreign investors. Short-selling also is banned.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Ukrainian owner of a Russian restaurant receives hate amid Russia-Ukraine war: 'Upsetting'Alan Aguichev, the co-owner of New York City restaurant Sveta, has been receiving hateful emails and phone calls because of the Russia-Ukraine war.
Consulte Mais informação »
Publicity Vet Cathy Dunkley Joining Universal’s London OfficeDunkley — who joins after 17 years at Freuds — will become vice president of communications and media relations for the Universal Filmed Entertainment Group.
Consulte Mais informação »
WikiLeaks' Assange weds fiancée in London prison ceremonyWikiLeaks founder Julian Assange has wed his fiancée at a small ceremony in the London prison where he is held. Assange, 50, has been held in the high security Belmarsh prison in southeast London since 2019 on a series of charges related to WikiLeaks’ publication of a huge trove of classified documents more than a decade ago.
Consulte Mais informação »
Naomi Campbell Talked Motherhood With Edward Enninful at Vogue’s 2022 Forces Of Fashion Summit in London.NaomiCampbell spoke about motherhood, fashion, and more with Edward Enninful at Vogue’s 2022 ForcesOfFashion summit in London. See more details here, and subscribe to VogueClub to watch their full conversation.
Consulte Mais informação »
Madeleine McCann case to be closed by London police after 11 yearsThe decision means there’s insufficient evidence to charge the prime suspect in Madeleine’s disappearance – convicted pedophile and rapist Christian Brueckner.
Consulte Mais informação »
Jeremy O. Harris on Professional Pressures, ‘Euphoria,’ and (Finally) Bringing ‘Daddy’ to London“I’m never gonna not be a Southern writer who’s exploring what it means to have been a Southerner that has moved up,” the ‘Slave Play’ writer says.
Consulte Mais informação »