Russian blue chips continue advance

Thursday, October 29, 2020

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Prices of Russian blue chips continue their confident advance. On the RTS exchange practically all blue chips advanced by about 3 to 4 percent and the RTS index surged 2.85 percent to 583.43 points as of 16:00 Moscow time. YUKOS shares gained 5 percent and Surgutneftegas increased by 4.5 percent. Trade has been pretty active and the trade volume has exceeded $17.5m on the RTS exchange. All securities on MICEX have been on the positive side too. RAO UES shares have stepped up by more than 3 percent, YUKOS and Norilsk Nickel have added more than 4.5 percent. Specialists point out that this growth is amid excessive ruble liquidity and expectations of economic advance.

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