MICEX index

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
Most Russian equities edged higher on Wednesday on soaring crude oil. However, the gains were capped by Consumer goods and services  that stayed unchanged on concerns the U.S. lawmakers will fail to reach a budget deal until the deadline. The Micex Index advanced 0.2% to 1,475.79 by 3:45 p.m. in Moscow. The index has advanced 5.3% so far this year. All but one sector gained within the index. Among biggest gainers were AK Transneft, VSPMO-AVISMA Corp and Tatneft OAO, up 2.60%, 1.61% and 1.41%, respectively.  In addition, OAO Inter RAQ UES surged 1.7% extending gains for the second day, as Vladimir Putin requested the government to speed up state holding company Rosneftegaz's acquisition of OAO Irkutskenergo. RAO's stake is valued at around 50 billion rubbles. Meanwhile, the worst performing companies were M Video OJSC, PIK Group and DIXY Group OJSC by losing 0.64%, 0.52% and 0.50%, respectively.


© Dukascopy Bank SA
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Thu, 27 Dec 2012 09:01:35 GMT

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SENEX index

Most emerging-market equities advanced today on better earnings prospects for Chinese companies, yet investors are concerned over whether the U.S. lawmakers will compromise on resolving "fiscal cliff" before the deadline. Indian shares also slightly increased amid investors adding to their domestic shares' holdings. Meanwhile, India, having one of the worst performing currencies, faces inflation and economic slowdown that the nation

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