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Russian stocks decrease in line with oil, global floors

MOSCOW, Jun 25 (PRIME) -- Russian stocks decreased on Monday amid a negative foreign background and falling oil prices, analysts said.

The MOEX Russia Index fell 0.58% to 2,236.65 and the RTS decreased 0.46% to 1,120.23.  

“The MOEX Russia Index and the RTS index remained on the negative territory by the end of trading on Monday amid a negative foreign background,” Veles Broker analyst Yelena Kozhukhova said.

Pessimistic moods prevailed on European stock exchanges, and trading in the U.S. started with a decline of main indices amid trade wars with China, analysts said.

Oil prices are falling on OPEC+ states’ decision to raise oil production volumes by an average of 1 million barrels per day starting from July, Forex Club analyst Ivan Marchena said.

The ruble appreciated against the U.S. dollar and slightly weakened against the euro.

National top lender Sberbank was the main outsider, with common shares losing 5.56% and preferred shares edging down 6.06% due to a dividend gap, Finam expert Vasily Oleinik said.

Telecom operator Rostelecom was among growth leaders, with common shares rising 5.22% and preferred shares adding2.84%.

Real estate developer PIK Group added 4.27% after announcing plans to offer 6 billion ruble 3-year exchange bonds.

National flagship air carrier Aeroflot grew 0.14% after the company’s shareholders approved paying 12.8 rubles per share, or a total of 14.22 billion rubles, in dividends for 2017.

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

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank -5.56 202.51 11.560
ALROSA +1.62 100.10 2.672
Gazprom +0.25 137.10 2.362
Lukoil +0.36 4140.00 2.027
Norilsk Nickel +0.56 11285.00 1.437

(63.2396 rubles – U.S. $1)

End

25.06.2018 19:16