Russian stocks fall discouraged by negative global background
MOSCOW, Mar 14 (PRIME) -- The Russian stock market closed lower on Thursday discouraged by a modestly negative external background amid investorsТ disappointment from delay of trade negotiations between the U.S. and China, analysts said.
The MOEX Russia Index fell 0.52% to 2,457.79 and the RTS decreased 0.60% to 1,181.96.
УThe Russian stock market lost around 0.5% due to a lower appetite for riskЕ (due to) a moderately negative external background. Demand for risky assets is declining,Ф analyst at Freedom Finance Anastasia Sosnova said.
Veles Broker analyst Yelena Kozhukhova said that the local benchmarks were discouraged by the global environment worsening after the U.S. and China had possibly decided to put off trade negotiations between presidents Donald Trump and Xi Jinping to at least April.
Power producer Territorial Generating Company-1 (TGC-1) was among the best performers adding 3.01% to 0.008776 rubles thanks to a sound International Financial Reporting Standards (IFRS) financial report for 2018 demonstrating a rise of 31.5%, Kozhukhova said.
Below are the MOEX Russia IndexТs five most active stocks on Thursday:
|Company||Change, %||Last price, rbl||Trading volume, bln rbl|
(65.5890 rubles Ц U.S. $1)