Quotes of Russian companies plummeted on the London Stock Exchange

World Stock Markets Monday responded by a sharp drop the continued spread of coronavirus infection and falling oil prices.

Exchange quotes in Tokyo fell by 5 percent, in Sydney – by more than 7. European exchanges opened lower – in Frankfurt by 8 percent, in London by more than 8. Quotations of stocks of commodity companies are especially affected.

Shares of Russian companies on the london stock exchange fell on average by more than 10 percent, for some, the fall is even greater – 20 percent or more. Trading in securities of Russian oil and gas companies opened with a decrease to 34 percent, after which some were able to partially win back the fall – reports The Bell.

By 12.30 Moscow time, Gazprom shares fell 15 percent, LUKOIL – 18, VTB – 15, Rosneft – 21, Sberbank – 19.

It is expected that the fall will continue on the stock exchange in New York. On the eve of the trading results, the Dow Jones index fell by 1255 points, or almost 5 percent.

• Oil prices at the opening of Monday night trading in Moscow fell by 30 percent. Later, the fall was partially won back, but turned out to be the largest since the Persian Gulf War in 1991. Saudi Arabia began a price war after breaking the deal between Russia and OPEC.
• The exchange rate of the Russian ruble against major world currencies in the international currency market (Forex) fell sharply on Monday, reaching 75 rubles per dollar and 85 per euro.
• Today is a day off in Russia; there is no trading on the exchange.

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