Trillion rubles lost in Russian shares on falling oil prices

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Trillion rubles lost in Russian shares on falling oil prices
Trillion rubles lost in Russian shares on falling oil prices
20 July, 17:12Economy
The largest fall since March in the Russian stock market was noted at the auction on July 19. The MICEX index lost 2.04% amid the collapse in oil prices and sales on exchanges from Asia to the United States. The companies that entered it fell by 400 billion rubles.

The RTS index fell by 2.3% or $ 7.1 billion in terms of capitalization. Experts note that the current drop is the most protracted in 2021. After a four-day decline, the Russian market was cut off from the capitalization of blue chips by 938 billion rubles.

According to Finam analyst Sergey Kaufman, the collapse in oil prices and the negative external fund "left no chance for the Russian market". Futures for coupon Brent crude fell by the maximum in a year - by 7.2% The Dоw Jones index in the US showed a record fall since October - 2.8%. The reason for this is fears that the world economy will return to a state of quarantine due to a new wave of the pandemic. Sberbank shares lost 2.48%, VTB - 2.65%, Rosneft - 3.12%, LUKOIL - 2.11%, Transneft - 6.29%, Gazprom Neft - 3.19%.

Earlier it was reported that amid the collapse of oil and active withdrawal of investors from risky assets, the ruble fell in price. According to experts from "Interfax-CEA", the Russian currency fell against the dollar and the euro in the evening trading after falling oil prices, as well as the flight of investors from risk. Oil quotes are losing 5-6% after the OPEC + decision to increase production.

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