Moneymoneyrcwrt

Tue Feb 5, 2019, 08:04 PM

Russian Stock Market Hits Historic High As Oil Prices Rally

Published time: 5 Feb, 2019 10:03

The Moscow stock exchange (MOEX) index reached a new all-time high on Tuesday as global oil prices continue to climb. Russian stocks have also been surging since the US lifted sanctions against Russian aluminum giant Rusal.

The MOEX index hit two records in a row as trading opened this week. It rose to 2537.47 points on Monday and closed at 2523.52 points, a historic high for the end of the trading day. On Tuesday, the index continued to surge, hitting a record 2548.78 points as of 12:39 Moscow time (09:39am GMT).

MOEX is the main ruble-denominated index of the Russian stock market, comprised of the shares from more than 40 major Russian companies, including Sberbank, Gazprom, Rosneft, UC Rusal, Novatek and other blue chip firms.

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The number of investors on the Moscow Exchange recently reached two million, with more than 700,000 people joining trading in 2018. Banks were most active in opening retail investment accounts last year.

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https://www.rt.com/business/450677-russian-stock-market-record/

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Reply Russian Stock Market Hits Historic High As Oil Prices Rally (Original post)
RCW2014 Feb 2019 OP
Duke Lacrosse Feb 2019 #1
spike61 Feb 2019 #2

Response to RCW2014 (Original post)

Tue Feb 5, 2019, 08:09 PM

1. Hydrogen will kill the market for oil before you know it.

So I've been told.

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Response to Duke Lacrosse (Reply #1)

Tue Feb 5, 2019, 08:26 PM

2. Been waiting for someone to make that happen

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