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Yandex shares surge to historic maximum after Putin statements

Earlier Putin said that Yandex is a "wonderful company" that successfully competes in the Russian technology market with such major players as Google

MOSCOW, June 20. /TASS/. Shares of Russian IT company Yandex on the Moscow Exchange rose to a historic maximum after the company was mentioned by Russian President Vladimir Putin said at his annual televised Q&A session.

In peak value, on Thursday the company's stock price reached 2,531.6 rubles ($40.15) per share, which is 2.49% higher than the day before. At the moment, the shares are trading at 2,511.6 rubles ($39.8), which is 1.79% higher than the figure the day before.

Earlier Putin said that Yandex is a "wonderful company" that successfully competes in the Russian technology market with such major players as Google.

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