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MICEX index exceeds 2000 points on Moscow Exchange following Trump win

November 09, 2016, 14:21 UTC+3 MOSCOW

Earlier at the opening of Wednesday trade the MICEX index dropped 1.44% 1939.66 points and RTS index slipped 1.5% to 958.33 points following the reports about preliminary results of the US elections

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MOSCOW, November 9. /TASS/. MICEX index has exceeded the 2000 points mark on the Moscow Exchange as it fully recovered the decline of the opening trade. By 12:40 Moscow time the ruble-denominated MICEX index had reached 2003.51 points (a 1.8% increase).

The dollar-denominated RTS index was up 1.34% to 985.71 points.

Earlier at the opening of Wednesday trade the MICEX index dropped 1.44% 1939.66 points and RTS index slipped 1.5% to 958.33 points following the reports about preliminary results of the US presidential election.

"(Donald) Trump is not as terrible as it seemed to investors who had been selling out all assets since the very morning. Russian investors have got off cheaply as they managed to avoid a collapse. Losses on the MICEX exceeded 1% at the opening trade though as of now the situation has reversed. The market is steadily on the rise," BKS Express’ Vasily Karpunin, said, adding that "passing the 2005 points mark on the MICEX will be a positive technical signal."

On Election Day, November 8, United States citizens cast their ballots and elected their 45th US President, Donald J. Trump.

The Republican candidate secured his presidential victory by gaining 290 electoral votes, surpassing the needed 270 to win, while Clinton garnered 218 votes.

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