Source Pravda.Ru

Hostage taking to have long-term negative impact on stock market

The stock market closed with RTS index dropping 2 percent and returning to 350 points owing to a hostage taking by terrorists in the downtown Moscow, analysts said. The stocks were largely sold by Russian market participants but there were no panic sentiments. Among the hardest-hit were stocks of YUKOS, whose financial results in the first half of this year fell short of market expectations. Weak results were also posted by Surgutneftegaz, Sibneft and Rostelecom. The uncertainty on the world markets was coupled with instability in Russia, which served as an additional signal to dump stocks, analysts pointed out. If the situation with the hostage taking clears up in the near future, the market may be expected to return to previous levels, otherwise this terrorist attack will have long-term negative consequences for the market, experts said.

Comments
Iran's next moves on nuclear deal much more important - Kremlin
Iran's next moves on nuclear deal much more important - Kremlin
Iran's next moves on nuclear deal much more important - Kremlin
Iran's next moves on nuclear deal much more important - Kremlin
The Royal Wedding and the Silly Season
The Royal Wedding and the Silly Season
Kremlin wants foreign invaders out of Syria
Amnesty International wants world leaders to ignore World Cup 2018 in Russia
Iran's next moves on nuclear deal much more important - Kremlin
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Iran's next moves on nuclear deal much more important - Kremlin
Donald Trump suddenly falls for glorious Russian tradition to hold military parades
Students of UC reinvent the consumption of legumes
Iran's next moves on nuclear deal much more important - Kremlin
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Russia threatens to raise tariffs on US goods worth $538 million
Iran's next moves on nuclear deal much more important - Kremlin
Venezuela may expect another Panama scenario from 1989
Pentagon's goal in the Middle East is to trigger major war between Israel and Iran
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'