Russian stocks close mixed on correcting oil, vague background

MOSCOW, Jul 2 (PRIME) -- The Russian stock market traded and closed mixed on Tuesday due to an unclear foreign background with oil prices demonstrating a correction and global markets seen in the green territory.

The MOEX Russia Index grew 0.30% to 2,809.81 and the RTS fell 0.24% to 1,398.26.

"The Russian stock market tried to continue the upward trend on Tuesday, but… the local stocks were constrained by the external background. The energy market kept on correcting amid the extension of the OPEC+ (oil output cut) agreement with the Brent oil futures losing more than 2.5%," Promsvyazbank senior analyst Bogdan Zvarich said.

Freedom Finance analysts said that crude prices were pressured by hints of the global economic deceleration although European and Asian markets closed in the positive territory.

Veles Broker analyst Yelena Kozhukhova said that multi-industry holding Sistema surged 3.45% to 10.526 rubles after its shareholders approved paying 1.062 billion rubles in final dividends for 2018. Sistema's core owner Vladimir Yevtushenkov also promised to consider higher dividends in autumn.

Freedom Finance analysts also said that Novorossiysk Commercial Sea Port (NCSP) added 3.79% to 7.810 rubles following the news that 19,000 tonnes of oil were transported via one of the port's terminal which demonstrated the company's great infrastructure.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Gazprom	+0.47	246.65	7.749
Sberbank	-0.73	241.2	6.884
Lukoil	-0.12	5372	2.876
ALROSA	-0.37	85.18	2.116
Tatneft	+0.18	769.4	1.877

(63.0541 rubles – U.S. $1)

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