Russian stocks decline in line with oil prices, foreign floors

MOSCOW, Jan 28 (PRIME) -- Russian stocks decreased on Monday dragged by falling oil prices and negative dynamics on foreign stock floors, analysts said.

The MOEX Russia Index fell 0.86% to 2,476.81, and the RTS Index decreased 1.10% to 1,178.91.

“After renewing peaks at the beginning of the day, the MOEX Russia Index and the RTS index remained on the negative territory by the end of trading on Monday and accelerated their decline due to an unfavorable foreign background,” Veles Capital analyst Yelena Kozhukhova said.

The ruble depreciated against the dollar and euro, she said. Trading in the U.S. started with a decline of three main indices, and pessimistic moods were seen on European floors.  

Oil quotations accelerated their decline by the end of trading in Russia and were losing 2.5–3% on concerns of a falling demand and higher supply on the market, Kozhukhova said.

En+ Group was among growth leaders, with its global depositary receipts (GDRs) rising 3.73% after the U.S. announced removing sanctions from the company.  

National flagship air carrier Aeroflot added 0.09% on reports that the passenger traffic of Aeroflot Group grew 11.1% to 55.71 million people in 2018.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-1.08	209.70	11.922
Gazprom	-1.39	160.56	3.858
Lukoil	-0.96	5165.00	3.407
Norilsk Nickel	-1.68	13089.00	1.375
Rosneft	-0.68	411.20	1.365

(65.9170 rubles – U.S. $1)

End