Russian stocks decrease dragged by foreign pessimism

MOSCOW, Aug 25 (PRIME) -- Russian stocks decreased on Tuesday remaining under pressure of geopolitical uncertainty, analysts said.

The MOEX Russia Index fell 0.01% to 3,029.05 and the RTS decreased 1.12% to 1,267.16.

“The MOEX Russia Index and the RTS retreated from the highs of the day by the end of trading, having received no sufficient support from the foreign background,” Veles Capital analyst Yelena Kozhukhova said.

The foreign background was mixed. Trading in the U.S. started without single dynamics of three main indices, which were trading mixed within 0.5% by the end of the Russian session. Moderately positive moods were seen on European floors.

The nearest futures for Brent and WTI oil were gaining around 0.5–1% by the end of trading in Russia.

Electronic goods and household appliances retailer M.Video-Eldorado rose 6.59% facing a high investor interest after publication of solid financial results on Monday. Tech giant Mail.ru Group was also among growth leaders, with its global depositary receipts (GDRs) adding 6.02%.  

Children goods retailer Detsky Mir lost 2.01% after reporting that its net profit plummeted by 49.7% on the year to 1.102 billion rubles in January–June, as calculated under International Financial Reporting Standards (IFRS).

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-1.93	227.33	12.823
Yandex	+1.45	4984.40	11.072
Lukoil	+0.66	5220.00	4.905
Norilsk Nickel	-1.1	19780.00	3.570
Gazprom	-0.53	186.10	3.466

(74.4184 rubles – U.S. $1)

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