Source Pravda.Ru

Rostelecom shares rocket by 20%

A rising tendency continues on the Russian stock market. An impressing upsurge was reported in shares of the telecommunications giant Rostelecom. As of 13:20 (Moscow time) they rocketed 17 percent on the RTS exchange and 20 percent on MICEX. Analysts are unable to provide clear explanations of this rise. They believe that Rostelecom shares are being purchased as they remain rather cheap compared to other securities.

According to experts from Aton Capital, MICEX authorities decided to make a pause in trade on Rostelecom shares for an hour. According to the exchange's regulations, trading should be stopped for securities whose price jumps more than 10 percent against the opening.

Among other gainers of today's trading session are RAO UES of Russia with an upsurge of 7 percent and Tatneft that increased 5.85 percent. Analysts noted that market participants were purchasing the remaining "cheap" securities on the market. The RTS index went up 1.6 percent and it may hit new records later today.

© &to=http://www.rbc.com' target=_blank>RBC

The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?

Argentina hides the truth about the death of San Juan submarine
Comments
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Why Trump tries to re-industrialize America
Why Trump tries to re-industrialize America
Unemployment in Russia hits record high of 15 percent
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Russia to ban capture of killer whales and belugas in 2019
North Korea destroys security points in demilitarised zone
Russia to ban capture of killer whales and belugas in 2019
Third Rome and geopolitics of Orthodox schism
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
The Amazon and the New Conquistadores
Brexit: The UK's misunderstanding of Democracy
The Amazon and the New Conquistadores
The Amazon and the New Conquistadores
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Russia to raise sunken floating dock
Unemployment in Russia hits record high of 15 percent
Third Rome and geopolitics of Orthodox schism
Brexit: The UK's misunderstanding of Democracy