Russian stocks decrease following moods on global floors

MOSCOW, Jul 13 (PRIME) -- The Russian stock market fell on Wednesday following global decline triggered by the U.S. inflation statistics and fears that the E.U. economy may slow down and an energy crisis in the region may deepen, analysts said.

The MOEX Russia Index decreased by 2.82% to 2,073.68, and the RTS index fell by 1.93% to 1,120.34.

“The Russian stock market continued to show negative dynamics, feeling pressure from the external factors, including worsened attitude of investors to risk assets on the back of the release of inflation data in the U.S.,” senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said.

Veles Capital’s analyst Yelena Kozhukhova said that the Russian stock market finished the trading session with a fall as it failed to receive support from external and local factors.

The foreign background was mixed, with the U.S. main indices trading without single dynamics and the Euro Stoxx 50 falling about 0.7%, Kozhukhova said.

In the U.S. investors are disappointed by inflation statistics as consumer prices accelerated to 9.1% from 8.6%, and in Europe investors are still worried that the region’s economy may slow down and an energy crisis in light of the Nord Stream suspension may deepen, she added.

Zvarich said that the U.S. inflation statistics are negative not only for the country’s economy but for the global economy as well, and global markets declined after the release.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Gazprom	-2.82	186	6.260
Sberbank	-2.33	126	5.838
Lukoil	-2.84	3645.5	2.147
Norilsk Nickel	-4.53	15200	1.957
Rosneft	-3.75	321	1.294

(58.8541 rubles – U.S. $1)

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