Russian stocks decrease dragged by falling oil prices

MOSCOW, May 13 (PRIME) -- The Russian stock market decreased on Thursday amid positive dynamics of global floors and falling oil prices, analysts said.

The MOEX Russia Index fell 0.46% to 3,637.38 and the RTS decreased 0.07% to 1,546.93.

“The MOEX Russia Index and the RTS retreated from the daily lows by the end of trading and tried to regain lost positions along with foreign shares,” Veles Capital analyst Yelena Kozhukhova said.

The foreign background was mixed. Trading in the U.S. started with a correctional increase of three main indices, which were adding 1–1.3% by the end of the Russian session. Moderately positive moods were seen on European floors.

The nearest futures for Brent and WTI oil were losing around 3% by the end of the day.

Russia’s second biggest lender VTB was among growth leaders, adding 2.63%. Coal producer Raspadskaya grew 3.14%, gas giant Gazprom increased 1.76%, and oil major Rosneft rose 1.13% ahead of publication of financial results.

The Moscow Exchange’s shares lost 5.13% on a dividend gap.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+1.33	306.50	16.407
Gazprom	+1.76	246.05	14.887
Norilsk Nickel	+0.41	27378.00	8.277
Lukoil	-1.56	6023.50	6.772
Yandex	+0.45	4621.60	3.340

(74.0400 rubles – U.S. $1)

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