Saturday, May 12 this year, confirmed the worst-case assumption for the further drop in the index at the auction of a Russian stock exchange. The major indexes continued to fall and at 11 hours and 45 minutes to the value of the MICEX index fell 1374.63, and fell to a value of 1445.69 RTS index, which was 1.25 m 1.29 per cent respectively. In the first hour of trading after opening again significantly, by 3.63 per cent cheaper shares of Lukoil.
Shares of state-owned banks — Sberbank and VTB depreciated by 0.55 and 0.05 percent respectively. Gazprom has lost 0.54 percent. After such a sharp fall in the market went sideways. However, this did not save the securities of IDGC Holding, which on the eve of depreciated by ten percent. On Saturday, they dropped another two percent.
This attitude of market participants due MSRK Received news of the liquidation of the holding and transfer of its assets to the Federal Grid Company. Decrease in the indices entailed strengthening of the dollar against the Russian ruble. Ruble became cheaper by seven cents. The euro held steady.
The behavior to the Russian exchanges had instability in Europe, especially with regard to the situation in Greece. Plus, this JP Morgan Chase, the largest U.S. bank revealed losses since the beginning of the year to two billion.