9.2 C
New York
Thursday, March 28, 2024

Russian Stocks Outperforming Since (Despite?) Sanctions

By VWArticles. Originally published at ValueWalk.

A look at how the latest round of US sanctions are affecting Russian companies, whose performance is once again being subjected to close scrutiny following the imposition of fresh sanctions.

However, the stock prices of major Russian corporates such as RUSAL and Magnit are so far demonstrating remarkable resilience:

Know more about Russia than your friends:

Get our free ebook on how the Soviet Union became Putin’s Russia.

We respect your email privacy

Russia eBook
WikiImages / Pixabay

RUSAL is the top pick: its shares are trading at their highest price on the Hong Kong Stock Exchange since April 2015; rising 6.25% today, +21% in the last week and +60.7% YtD.(likely supported by the favourable sector changes with Chinese aluminium production cuts expected to come through in 2H 2017)

From 2 August (when President Trump signed the new sanctions bills), the blue-chip Russian stocks have so far performed well, while the MICEX Index is up 1.1% and the MSCI Russia Index is up 2% over the same period.

Mechel’s share price grew by 9.3%


Sberbank’s stock rose by 4.5%


Severstal: +3.2%


Nornickel: +1.7%


Magnit: +1.5%


Gazprom +1.5%


Novatek +1.5%


Polyus +1.1%

Data Via finsbury.com

The post Russian Stocks Outperforming Since (Despite?) Sanctions appeared first on ValueWalk.

Sign up for ValueWalk’s free newsletter here.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,451FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x