Tumbling Sberbank shares lead sharp Russian stock market sell-off (updated)

VK

14/01/2022 15:10

(Adds other share falls, details)
    MOSCOW, Jan 14 (Reuters) - Shares in Russia's largest lender
Sberbank  SBER.MM  fell more than 8% at one point on Friday,
leading a massive sell-off on the country's stock market which
hit several blue chip companies and also buffeted bonds and the
rouble.
    The rouble was volatile after posting its biggest one-day
drop in 15 months on Thursday on fears that geopolitical
tensions may escalate after talks wrapped up with no
breakthrough between Russia and Western allies.  urn:newsml:reuters.com:*:nL1N2TU0DQ
    Ukraine was hit by a cyberattack splashing a warning across
government websites to "be afraid and expect the worst", while
Russia, which has massed 100,000 troops on its neighbour's
frontier, released pictures of more of its forces on the move.
 urn:newsml:reuters.com:*:nL8N2TU1LU
    Shares in state-owned Sberbank, one of the most liquid
assets on the Russian market, fell to 249.20 roubles, their
lowest since late November 2020, and were down 5.6% by 1444 GMT.
     

    Shares in Sberbank's closest rival VTB  VTBR.MM  dropped
3.2%, also underperforming the wider MOEX index, which was down
2% at 3,602.6 points after earlier hitting its weakest point
since April 2021.
    Russia's leading technology companies were hit hard too,
with Nasdaq-listed internet giant Yandex  YDNX.MM  down 2.7% in
Moscow and rival VK's London-listed shares  VKCOq.L  shedding 
10.4%. 
    
($1 = 76.6650 roubles)

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Russian blue chips on Jan. 14    https://tmsnrt.rs/3K9Oz4a
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 (Reporting by Andrey Ostroukh and Alexander Marrow; Editing by
Kirsten Donovan)
 ((andrey.ostroukh@thomsonreuters.com;))