Russian stocks decrease dragged by oil prices, global floors

MOSCOW, May 3 (PRIME) -- Russian stocks decreased on Thursday dragged by falling oil prices and negative dynamics on global floors, analysts said.

The MOEX Russia Index fell 1.40% to 2,274.07 and the RTS Index decreased 0.73% to 1,128.22.

“Besides global trends, the Russian stock market outplayed a decline of the oil market on Thursday. The strengthened ruble also put pressure on ruble prices of shares,” Forex Club analyst Ivan Marchena said.

Truck producer Kamaz was among growth leaders adding 1.92% on reports that its net profit soared to 3.45 billion rubles in 2017, as calculated under International Financial Reporting Standards (IFRS).

Fertilizer maker Acron lost 0.71% after reporting that its net profit dropped around 76% on the year to 691.598 million rubles in January–March, as calculated under Russian Accounting Standards (RAS).

Power producer Enel Russia fell 0.07% after reporting that its RAS net profit dropped 34.2% on the year to 1.968 billion rubles in January–March.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-0.43	228.40	18.373
Rosneft	-3.47	387.15	3.794
Gazprom	-1.55	142.70	3.475
Lukoil	-1.76	4068.00	2.933
Tatneft	-3.13	650.00	1.426

(61.9997 rubles – U.S. $1)

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