Christmas comes early for Sberbank's share holders as price hits all-time high

Christmas comes early for Sberbank's share holders as price hits all-time high
Christmas comes early for Sberbank's share holders as price hits all time
By bne IntelliNews December 22, 2016

Christmas came early for investors into Sberbank's common shares, which  touched an all-time high at RUB185.34 on December 21, before correcting to RUB174.7 (-0.7%) on the Moscow Exchange.

 

The bank's preferred shares are also close to record setting levels and closed in the green, adding 0.9% the same day.

 

Russia stock market is on a roll. While Russia’s main indices have been creeping up all year, and especially in the last couple of months of 2017 following Donald Trump’s election as US president, many of Russia’s best companies have seen their share prices soar.

 

Sberbank’s share price has more than doubled since the start of this year rising from a low of €3.94 set on January 20 on  the international exchanges that marks the start of the share’s rally to the December 22 high of €11.0. 

 

 

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