Courtesy of Benzinga.
Russia continues to face the music of declining oil prices and economic sanctions as the Market Vector Russia ETF Trust (NYSE: RSX) opened nearly 10 percent lower.
A look at the top five companies that comprise the index reveals that sectors across the board are losing footing, as the stocks continue to fish for new floors.
From the banking industry, Sberbank Of Russian Federation (SBER:LI), which contributes 6.18 percent of net assets in the ETF, faced the highest dip in this list of stocks, amounting to 23.8 percent.
In the oil, gas and coal sector, Lukoil Oao (LKOD:LI) and Gazprom Oao (OGZD:LI) were down 13.7 percent and 13.6 percent, respectively.
In the consumer staples sector, Magnit Ojsc (MGNT LI) also faced a beating and was down 11.5 percent.
The last entrant in this list, Mmc Norilsk Nickel (MNOD LI), from the base metals industry, plummeted the least, but was still down 5.2 percent.
Market Vector Russia ETF Trust traded recently at $13.56, down 2.66 from Monday's close.
Posted-In: RussieIntraday Update Movers ETFs
