The ongoing promising positive trend on the Russian stock market continued its upbeat dynamics in October as key market indices closed the month in the green zone. Thus, RTS-1, the index that tracks the performances of the blue chips, rose by 3.7% in the last week of October to close the month at 1,463.3.
Similarly, the RTS-2 Index, the tracker of the second-tier-market equities, also surged by 2.6% to 1,346.7. This market vitality was reflected in the gross volume of trade at RTS, which totaled 347.7bln rubles (about $11.9bln) at the end of October. The same positive market dynamics was displayed at MICEX, where the aggregated index closed the month higher by 2.19% at 1,280, putting the total trade volume at 213.4bln rubles ($7.3bln).
The positive trends leaders on the RTS were the metallurgical, telecoms, consumer goods industries, whose stocks’ values rose by +5.7%, +4.7% and + 0.5%, respectively. In practice, this meant that the stocks of the companies in these sectors ended the month in the positive zone. The chief gainers from these positive trends, measured by the turnover volumes, were Sberbank ($1.3trln), Gazprom ($910.2mln) and LUKoil ($268.4), up by 44.6%, 31.8% and 9.4%, respectively.
Web design,