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  Monday, April 6, 2020
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Prices of most of Russian liquid shares declined 3 to 7 percent and the RTS index fell to this year’s lowest, 1710 points, at the beginning of Monday trading
Prices of most of Russian liquid shares declined 3 to 7 percent and the RTS index fell to this year’s lowest, 1710 points, at the beginning of Monday trading. The fall follows a 3 to 5 percent decline in Asian stock indexes. Global investors are continuing taking out shares from emerging markets to reduce risks, stock analysts say. The Monday opening RTR index slipped 4.5 percent from Friday closing, to 1713.52 points, PRIME-TASS reported. Analysts of Bank Moskvy say that that today’s trading can be called a “black Monday” for the Russian stock market, a main factor in which is the continuing exodus of major investors from emerging markets. Yet the RTS index has not hit the bottom. Its decrease to 1650-1700 points is not ruled this week, Bank Moskvy’s analysts said. An expert with Aton-line, Andrei Vernikov, stated that the nearest support for the market lies at an RTS of 1670. “World states have failed to come to agreement on Iran, and for this reason oil prices decreased below 61 dollars a barrel, and this will become a bear factor at present,” he said. “Markets been unable so far to recover after the “black Tuesday” precipitated by China. Adverse macroeconomic statistics and the end of account reporting season in the US add to correction. The American market has been ceaselessly growing since last year’s July, and correction on it seems long-awaited and logical, which cannot be said about the Russian market,” Vernikov said. “At this moment, investors will be oriented towards the general world trend, and for this reason internal news will recede into the background,” the expert said.
Print Prices of most of Russian liquid shares declined 3 to 7 percent and the RTS index fell to this year’s lowest, 1710 points, at the beginning of Monday trading Bookmark Prices of most of Russian liquid shares declined 3 to 7 percent and the RTS index fell to this year’s lowest, 1710 points, at the beginning of Monday trading

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