Russian stocks close mixed on rubles fall, dividend expectations - 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 rubles fall, dividend expectations

MOSCOW, May 15 (PRIME) -- The Russian stock market closed with a mixed dynamics on Monday because of a ruble depreciation against foreign currencies, while dividend expectations provided an additional support to the MOEX Russia Index, analysts said.

The MOEX Russia Index rose 1.79% to 2,611.07 and the RTS decreased 0.11% to 1,037.13.

The Russian stock market did not show unified dynamics as it suffered from a weakness of the U.S. dollar segment due to the rubles depreciation. The foreign stock floors showed a moderately optimistic sentiment that was secured by hopes for successful negotiations regarding an increase of the U.S. state debt threshold. It looks like the decision will be made close to the critical date as usual, Veles Capitals analyst Yelena Kozhukhova said.

Besides the rubles fall, a flow of optimistic corporate news supported the MOEX Russia Index, she said.

The foreign markets were in the green zone on Monday, with the European markets rising after the European Commissions improvement of its forecast for growth of the euro zone's gross domestic product (GDP) in 2023 to 1.1% from 0.9%. Oil prices were also edging up slightly while waiting for new macroeconomic signals, and the futures for the U.S. stock indices grew as the market expected negotiations over the U.S. state debt to continue on Tuesday, Kozhukhova said.

A weak ruble provided a general support, while the ruble and dividend expectations propelled the shares of Lukoil and Surgutneftegas, Otkritie Research leading analyst for global research Andrei Kochetkov said.

Lukoil gained 3.34% to 4,980 rubles, while the ordinary and preferred shares of Surgutneftegas increased by 4.70% to 25.06 rubles and 5.78% to 36.58 rubles, respectively.

Freedom Finance Globals analyst Vladimir Chernov said that the securities of Internet company VK rose by 4.40% to 507.60 rubles in reaction to the companys financial report for JanuaryMarch under International Financial Reporting Standards (IFRS). Its revenue increased by 39.5% on the year to 27.3 billion rubles in the period, with income from online advertising jumping by 67% to 16.3 billion rubles.

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

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank +0.81 231.15 9.479
Lukoil +3.34 4980.00 7.129
Sollers +40.06 867.00 6.419
Gazprom -0.03 173.90 3.860
MTS +2.93 284.50 2.152

(77.2041 rubles U.S. $1)

End

15.05.2023 19:19
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 104.3024 +0.2403 05 oct
USD 99.4555 +0.1878 05 oct
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3154.97 +0.35 18:50 04 oct
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 165.50 -0.75 18:27 04 oct
lkoh 6740.00 -0.21 18:27 04 oct
rosn 543.10 +0.78 18:27 04 oct
sber 258.85 -0.31 18:27 04 oct
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 104.1000 +0.3475 14:59 04 oct
USDTD 99.6875 +0.4300 17:44 04 oct