27 April 2004 02:48
Yukos takes pounding on RTS
Yukos had already crashed 10% on the Moscow Interbank Currency
Exchange (MICEX) Monday evening when the RTS had already stopped
MOSCOW. April 27 (Interfax) - Yukos took a pounding on the Russian Trading System (RTS), falling 9.4% to $11.1 a
share, following Monday's announcement that a syndicate of foreign lenders had served the oil major with a
Potential Event of Default notice on a $1 billion loan.
Yukos led the market down early Tuesday, but the oil company
started to pick up on the MICEX by 12.00 p.m., gaining 1.8% to 326
trading.
rubles a share.
Other benchmark stocks shed 1.5%-4.8% on the RTS by midday Tuesday. [RU ASIA EUROPE EEU EMRG ENR CRU STX INSI BNK LOA
WEU] pr
[Interfax] |
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