: :inin Kyiv (EET)

Google costs more than entire Russian stock market

The capitalization of the Russian market turned out to cost less than the market value of oil corporation ExxonMobil ($368 billion), investor guru Warren Buffett’s holding company Berkshire Hathaway ($360 billion) and Internet company Google ($349.2 billion), RBK has reported.
“It means that already five American corporations cost more than the entire Russian stock market. Back in mid-November, the capitalization of the Russian market fell below the market value of the world’s most valuable company – Apple. By November 14, the value of Russian companies shrank to $531 billion, while the Apple market capitalization increased to $652 billion,” reads the report, with reference to Bloomberg figures.
A few days ago, the Russian stock market value ($384.9 billion) turned out to be lower than the capitalization of Microsoft ($386.6 billion).
Speaking about countries, the Russian market capitalization is comparable with Denmark ($338.5 billion) and is still lower than in Belgium ($365.1 billion), Indonesia ($395.3 billion) and Mexico ($422.7 billion).
On December 16, the RTS (Russian Trading System) index fell by 12.4%, to 629.15 points. Since the beginning of 2014 the fall has reached 56.39%, which is the worst figure among the world’s stock markets. The shares of companies operating in the consumer and energy sectors become the leaders of decrease, among them Rosseti (-18.2%), FGC UES (Federal Grid Company of the Unified Energy System of Russia)(-16.4%), Aeroflot (-16.2%) and Megafon (- 14.9%).

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