Russian stocks close mixed on corporate news, weak ruble - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian stocks close mixed on corporate news, weak ruble

MOSCOW, Jun 8 (PRIME) -- The Russian stock market ended the main trading on Thursday with mixed dynamics over corporate news and falling ruble rate, analysts said.

The MOEX Russia Index rose 0.56% to 2,706.69 and the RTS decreased 0.30% to 1,032.85.

“By the end of main trading on Thursday the Russian stock market did not show unified dynamics, being under the influence of corporate stories and the dynamics of the ruble,” Yelena Kozhukhova from Veles Capital said.

The ruble accelerated the decline and was losing about 1–1.5% to the dollar, euro and yuan, she also said.

According to leading analyst of Freedom Finance Global Natalya Milchakova, more active positive dynamics of the ruble was prevented by the released data on inflation, which from May 30 to June 5 made 0.21% after almost zero dynamics in the previous period.

The incoming corporate news also had an ambiguous effect on the market, the analyst added.

The leaders of the growth were preferred shares of Bank Saint Petersburg (+39.9%) thanks to the implementation of the buyback program, Milchakova said.

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

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank -0.08 241.05 6.489
Yandex +3.69 2515 5.749
VTB Bank -0.76 0.022785 3.487
Lukoil -0.7 5065.5 3.342
Gazprom +0.89 166.12 3.117

(81.4581 rubles – U.S. $1)

End

08.06.2023 19:30