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Article: Stocks surge in early trading on Fed news; slow by afternoon.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- March 22, 2007
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Stocks surge in early trading on Fed news; slow by afternoon
MOSCOW. March 22 (Interfax) - Russian stocks surged in early trading on Thursday after the Federal Reserve left its key interest rate unchanged, but started moving in a lateral trend by afternoon on expectations of fresh news.
The benchmark RTS stock market index stalled around the 1875 mark.
By 12:30 p.m. Moscow time, benchmark stocks had gained 0.3%-2.9% on the Russian Trading System (RTS) and the Moscow Interbank Currency Exchange (MICEX). The RTS index had climbed 1.54% to 1877.71 and the MICEX had grown 1.59% to 1672.28.
Unified Energy System (UES) (RTS: EESR) was the growth leader and is ...