Russian stock market decreases on lack of drivers

MOSCOW, Jun 9 (PRIME) -- The Russian stock market closed on Friday with a moderate decrease on lack of strong drivers, analysts said.

The MOEX Russia Index fell 0.06% to 2,708.04 and the RTS decreased 0.05% to 1,032.29.

“The Russian stock market on Friday by the end of the main trading was in the symbolic minus, not having received sufficient positive drivers from the largest issuers,” Yelena Kozhukhova from Veles Capital said.

The ruble on the exchange on Friday retreated from the lows of the day and added within 0.5% to the dollar, euro and yuan, she also said.

The dividends received supported the market, but did not provide full-fledged growth due to the lack of significant positive news to accelerate growth, Anton Kravchenko, head of Pervaya’s stock department, said.

Qiwi’s shares grew 4.31% as the company had informed that they plan to keep the listing on the U.S. stock exchange Nasdaq thanks to the split of the business into Qiwi and Qiwi Plc., Kozhukhova said.

Surgutneftegas preferred shares on Friday jumped 4.16% on strong financial results for 2022, the analyst also said.

Polymetal's shares remained weak after the rotation of the company's management and the imposition of harsh Western sanctions against it.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-0.24	241.2	5.728
Surgutneftegas	+4.16	34.96	4.121
Gazprom	-0.43	165.47	2.879
Yandex	-0.99	2495	2.774
Lukoil	+0.41	5086	2.35

(82.0930 rubles – U.S. $1)

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