Shares of Russian Companies Fell Sharply on London Stock Exchange
Receipts of the Russian financial sector also show a sharp decline. Sberbank - by 4.58% to $ 15.11, VTB - by 3.6% to $ 0.055, TCS Group by Oleg Tinkov - by 2.85% to $ 24.68. MMK receipts lost 3.99% to $ 8.79, NLMK fell 3.33% to $ 21.21, Severstal - 4.1% to $ 13.58, Norilsk Nickel - 5.89 % up to $ 33.08.
February 24 is an official day off on the Moscow Exchange, so the dollar against the ruble is not traded. At the same time, on the interbank market, the dollar was close to ₽65. Global stock markets today continue to decline. Concerns about the consequences of an outbreak of a viral infection outside of China have a negative effect on the indices.
“The demand for safe assets is increasing. Bonds are growing in price. Yields on 30-year US Treasury bonds fell to an absolute minimum and kept below 1.9%. The rate on 10-year bonds fell to 1.42% for the first time since 2016. Gold quotes are growing by 1%, above $ 1670 per ounce, updating seven-year highs”, the expert said.