Russian stocks close mixed as ruble rate jumps
MOSCOW, Aug 14 (PRIME) -- Russian stocks closed mixed on Tuesday as a significant increase of the ruble supported the dollar-denominated RTS Index but undermined the ruble-denominated MOEX Russia Index, analysts said.
The MOEX Russia Index fell 0.12% to 2,282.88 and the RTS increased 2.05% to 1,081.50.
УIt looks like a very strong increase of the RTS Index happened only due to a correctional strengthening of the ruble against the U.S. dollar. Speaking of the less mobile ruble-denominated MOEX Russia Index, it slid into the red zone after a short period of growth in the morning,Ф Vitaly Manzhos, a senior risk manager at investment company Algo Capital, said.
Andrei Kochetkov, a senior analyst at Otkritie Broker, said that foreign markets rose pushing the ruble-denominated assets higher in the first half of the day, but a 1.5% strengthening of the ruble became a restricting factor.
Kochetkov said that the ruble strengthening resulted in sales of exporting companies shares, with gas giant Gazprom, oil major Lukoil, and steelmaker Novolipetsk Steel (NLMK) losing 1.16%, 1.78%, and 0.27%, respectively.
Manzhos also said that global depositary receipts of retailer X5 Retail Group fell 2.52% as the company sent mixed signals with its financial results. Its net profit fell 16% on the year in AprilЦJune, as calculated under International Financial Reporting Standards (IFRS), but revenue grew 19.3%.
Ivan Marchena, an analyst at Forex Club group of companies, said that Vozrozhdenie Bank jumped 17.3% after VTB Bank said it will purchase at least 75% in it.
Below are the MOEX Russia IndexТ five most active stocks on Tuesday:
|Company||Change, %||Last price, rbl||Trading volume, bln rbl|
(68.2234 rubles Ц U.S. $1)