Russian stocks close mixed on oil price decrease, weakening ruble

MOSCOW, Oct 10 (PRIME) -- The Russian stock market consolidated during the day on Tuesday to close mixed amid uncertain dynamics of the ruble and downward correction in crude prices, analysts said.

The MOEX Russia Index grew 0.09% to 3,177.03 and the RTS decreased 1.03% to 996.56.

“The Russian stock market turned to recovery in the second half of the day amid weakening of the ruble after sales seen in the morning. The ruble to U.S. dollar exchange rate again reached more than 100 rubles per U.S. dollar to trigger larger interest in exporters’ shares,” Promsvyazbank senior analyst Vladimir Lyashchuk said.

The Brent oil price corrected downwards by 1% after considerable growth a day ago in light of mounting geopolitical risks in the Middle East, he added.

Lyashchuk said that controversial dynamics were registered in the energy sector with the previous day’s leaders oil companies Rosneft and Lukoil correcting down.

Senior Trader at managing company Alfa-Capital Vladislav Silayev said that energy and metallurgical stocks were seen underperforming on Tuesday.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-0.21	264.7	6.352
Lukoil	-0.39	6837	3.324
Genetico	+1.98	60.41	3.132
Gazprom	+0.16	167.33	2.622
Novatek	-2	1721	2.620

(101.3598 rubles – U.S. $1)

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