Russian stocks close mixed over domestic corporate events

MOSCOW, Jan 15 (PRIME) -- The Russian stock market traded and closed mixed on Monday after gold producer Polyus said that a sale of 15% of its shares to a Chinese company failed, local corporate events, analysts said.

The MOEX Russia Index fell 0.04% to 2,261.53 and the RTS rose 0.26% to 1,264.3.

“The MOEX Russia Index hit another local high (of 2,275), but failed to consolidate above it,” Forex Club analyst Irina Rogova said.

The local indices were driven by a favorable global environment, a strong Brent oil price near a $70 per barrel mark, and domestic corporate events, she added.

Otkritie Broker analyst Andrei Kochetkov said that the country’s largest gold producer Polyus was pressured by the failure of the deal with Fosun. The stock lost almost 6% in the morning, but managed to win back the loss later in the day.

Russia’s top bank Sberbank added 0.46% to 238.85 rubles after it released a Russian Accounting Standards (RAS) report for 2017 marking a 30.4% rise in net profit. The market reacted dully as high expectations had already been priced in,

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+0.46%	238.85	6.151
Gazprom	-0.69%	142.99	4.330
Lukoil	-0.81%	3876.5	3.630
Norilsk Nickel	+1.29%	11750	1.589
Magnit	-1.81%	6579	1.408

(56.6019 rubles – U.S. $1)

End