Russian stock market mixed on corporate news, geopolitics

MOSCOW, Jul 17 (PRIME) -- The Russian stock market ended the main trading on Monday with mixed dynamics amid corporate news, dividend reinvestment and unfavorable geopolitical news, analysts said.

The MOEX Russia Index rose 0.51% to 2,917.61 and the RTS decreased 0.48% to 1,009.79.

“Corporate news and reinvestment of dividends remain positive factors for the stock exchange. While geopolitical news created tensions preventing active purchases,” Freedom Finance Global’s leading analyst Natalya Milchakova said.

Global stock markets slowed down ahead of the July meeting of the U.S. Federal Reserve System, where the rate decision will be made, the analyst added.

According to Veles Capital analyst Yelena Kozhukhova, the Russian stock market did not show unified dynamics amid corporate and currency factors.

En+ Group securities outperformed the market rising 5.46% without obvious fundamental reasons.

X5 Retail Group's shares rose ahead of the publication on Tuesday of its financial results for April–June.

Mechel's common and preferred shares had the biggest drop on the market as the court on Monday ruled Mechel and and its subsidiary Chelyabinsk Metallurgical Plant to redeem U.S. $244.2 million to Gazprombank.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-0.1	246.2	8.171
Lukoil	-0.06	5510.5	3.857
Gazprom	+0.44	170.45	3.788
Yandex	-0.78	2535	3.264
Samolet	+3.99	3428.5	2.663

(90.1190 rubles – U.S. $1)

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