Oversold Russian stocks close mixed on weak ruble, Brent fall

MOSCOW, Nov 12 (PRIME) -- The stock market closed mixed on Wednesday, as the oversold MICEX fell on expectations of new anti-Russian sanctions and a Brent price fall, while the RTS, denominated in U.S. dollars, reacted positively on the ruble weakening, analysts said.

The MICEX slipped 0.06% to 1,068.86, and the RTS increased 1.57% to 1,045.09.

“Trading on Wednesday is linked to the ruble and Brent price dynamics. The RTS grew on a weak ruble,” Ilya Frolov, analyst at Promsvyazbank, said. “The market is consolidating ahead of a new decision on sanctions.”

The E.U. may extend the list of Russian officials subject to sanctions in the week starting from November 17 but it is unlikely to introduce new economic restrictions, as follows from a recent statement by Germany’s Chancellor Angela Merkel, analysts said.

“The falling Brent price, which has consolidated at about $81 per barrel, also caps the growth of the stock market,” Ivan Kopeikin, analyst at BCS Express, said about the MICEX fall.

The growth leaders include Alrosa and VTB Bank, which increased by 5.81% and 4.4% to 44.8 rubles per share and 0,04391 rubles per share, respectively.

Below are the MICEX’ five most active stocks on Friday:

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-1.32	77.34	8.738
Gazprom	-0.10	143.71	4.553
Lukoil	0	2125.10	2.292
Norilsk Nickel	0	8084.00	1.334
Magnit	+2	11600.00	1.313

(45.9520 rubles – U.S. $1)

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