Russian stocks decrease amid low oil, US holidays
MOSCOW, Nov 23 (PRIME) -- Russian stocks decreased on Thursday amid falling oil prices and lower investor activity due to holidays in the U.S., analysts said.
The MICEX fell 0.54% to 2,148.56 and the RTS decreased 0.04% to 1,158.62.
“On Thursday, November 23, correction on the Russian market is caused by low activity of global investors due to closure of the U.S. market because of Thanksgiving Day,” Raiffeisen Capital analyst Sofya Kirsanova said.
InstaForex analyst Igor Kovalyov also said that “the inability to develop the momentum of growth on the Russian market is caused by decreased activity on global floors due to holidays in the U.S.”
Retailer Dixy Group was among growth leaders, rising 3.94% on reports that its board of directors approved a decision to delist the company’s shares from the Moscow Exchange.
Below are the MICEX’ five most active stocks on Thursday:
Company | Change, % | Last price, rbl | Trading volume, bln rbl |
---|---|---|---|
Sberbank | -2.04 | 225.56 | 9.330 |
Gazprom | -0.73 | 131.60 | 3.849 |
UWC | -0.95 | 782.50 | 2.843 |
Magnit | +1.62 | 6829.00 | 2.041 |
Moscow Exchange | -1.18 | 124.30 | 1.463 |
(59.0061 rubles – U.S. $1)
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