Russian stocks correct downwards on oil price, foreign floors fall - 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 correct downwards on oil price, foreign floors fall

MOSCOW, Nov 8 (PRIME) -- The Russian stock market edged down on Friday following a decrease in crude prices and a worsening environment on foreign stock exchanges, analysts said.

The MOEX Russia Index lost 1.17% to 2,973.19 and the RTS slid 1.27% to 1,468.17.

“The Russian stock market shifted to a correction movement pressured by the external environment. A wave of sales on the energy market has sent the Brent crude price to below U.S. $61 per barrel. Negative sentiment also prevailed on the Western stock exchanges,” senior analyst at Promsvyazbank Bogdan Zvarich said. 

Major European stock indices lost around 0.5%, and the key U.S. benchmarks Dow Jones and S&P500 fell 0.2% in the first 30 minutes of trade.

Metals producers Polyus and Severstal were among the biggest losers, sliding around 2.5%.

Veles Broker analyst Yelena Kozhukhova said that Polyus continued its downwards dynamics following declining gold prices.

Aluminum giant UC RUSAL dropped 3.43% after the release of its financial report for July–September marking a 45% fall in the net profit, Kozhukhova also said.

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

Company Change, % Last price, rbl Trading volume, bln rbl
Gazprom -1.75 266 8.934
Sberbank -0.96 240.17 7.342
VTB +3.84 0.046 4.580
Lukoil -1.52 6040 4.410
Norilsk Nickel -0.99 18520 3.427

(63.7298 rubles – U.S. $1)


08.11.2019 19:33
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 91.4790 +1.8153 29 sep
USD 78.6713 +1.8518 29 sep
Stock Market Indices
1D 1W 1M 1Y
rtsi 1187.18 -0.72 17:04 24 sep
micex 2910.99 -0.19 17:04 24 sep
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 177.00 -1.12 23:49 24 sep
lkoh 4456.00 -1.61 23:49 24 sep
rosn 370.75 -1.08 23:49 24 sep
sber 228.50 -0.60 23:49 24 sep
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 89.7700 +0.5500 14:59 24 sep
USDTD 76.8125 +0.6125 17:44 24 sep