Russian stocks correct downwards on oil price, foreign floors fall - All News - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian stocks correct downwards on oil price, foreign floors fall

MOSCOW, Nov 8 (PRIME) -- The Russian stock market edged down on Friday following a decrease in crude prices and a worsening environment on foreign stock exchanges, analysts said.

The MOEX Russia Index lost 1.17% to 2,973.19 and the RTS slid 1.27% to 1,468.17.

“The Russian stock market shifted to a correction movement pressured by the external environment. A wave of sales on the energy market has sent the Brent crude price to below U.S. $61 per barrel. Negative sentiment also prevailed on the Western stock exchanges,” senior analyst at Promsvyazbank Bogdan Zvarich said. 

Major European stock indices lost around 0.5%, and the key U.S. benchmarks Dow Jones and S&P500 fell 0.2% in the first 30 minutes of trade.

Metals producers Polyus and Severstal were among the biggest losers, sliding around 2.5%.

Veles Broker analyst Yelena Kozhukhova said that Polyus continued its downwards dynamics following declining gold prices.

Aluminum giant UC RUSAL dropped 3.43% after the release of its financial report for July–September marking a 45% fall in the net profit, Kozhukhova also said.

Below are the MOEX Russia Index’s five most active stocks on Friday:

Company Change, % Last price, rbl Trading volume, bln rbl
Gazprom -1.75 266 8.934
Sberbank -0.96 240.17 7.342
VTB +3.84 0.046 4.580
Lukoil -1.52 6040 4.410
Norilsk Nickel -0.99 18520 3.427

(63.7298 rubles – U.S. $1)

End

08.11.2019 19:33
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 70.4111 -0.2650 16 nov
USD 63.8881 -0.3220 16 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1449.42 +0.87 18:50 15 nov
micex 2934.82 +0.42 18:50 15 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 248.01 -0.13 18:49 15 nov
lkoh 6161.00 +1.26 18:49 15 nov
rosn 458.00 +0.15 18:49 15 nov
sber 240.00 +1.05 18:49 15 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 70.4200 +0.0550 14:59 15 nov
USDTD 63.7500 -0.3800 17:44 15 nov