Russian stocks close mixed on negative background, correcting oil

MOSCOW, Jul 3 (PRIME) -- The Russian stock market closed mixed on Friday amid a moderately negative foreign background with global stock and energy markets showing discouraging dynamics during the day, analysts said.

The MOEX Russia Index grew 0.46% to 2,801.66 and the RTS dropped 1.05% to 1,235.18.

“The MOEX Russia Index and the RTS index did not demonstrate similar dynamics by the end of the trading session… The U.S. dollar-denominated RTS was pressured by the weakening ruble,” Veles Broker analyst Yelena Kozhukhova said.

Global market sentiment looked negative, she added.

The U.S. market was closed due to the upcoming Independence Day, but futures for one of the main benchmarks, S&P500, fell 0.5% as investors are worried about high figures of new coronavirus cases. European markets also traded in the negative territory.

The nearest Brent and WTI oil futures lost around 1%.

Otkritie Broker analyst Andrei Kochetkov said that Sberbank shares added 0.23% thanks to the support of the Finance Ministry’s hopes that major banks will be able to pay 50% of their net profits under International Financial Reporting Standards (IFRS) in dividends.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+0.23	210.08	10.369
Gazprom	+0.98	197.2	4.721
Norilsk Nickel	+0.94	18930	4.297
Lukoil	+0.01	5416.5	2.460
Polyus	+2.39	12260	2.015

(70.5198 rubles – U.S. $1)

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