Russian stocks decrease on MegaFon dive, flat oil market - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian stocks decrease on MegaFon dive, flat oil market

MOSCOW, Aug 30 (PRIME) -- The Russian stock market closed in the red zone on Thursday pummeled by telecom company MegaFon, while a combination of marginal dynamics of the oil market and attempts of the ruble to strengthen provided no support, analysts said.

The MOEX Russia Index decreased 0.75% to 2,330.92 and the RTS Index fell 0.87% to 1,075.55.

УThe Russian market again has problems with growth ideas. MegaFonТs dive by 18.8% on the back of exclusion from the key indices of the Moscow Exchange after the companyТs free floating fell 2% was obviously negative during the day,Ф Andrei Kochetkov, an analyst at Otkritie Broker, said.

Vitaly Manzhos, senior risk manager at investment company Algo Capital, said that MegaFonТs decrease was partially triggered by information that two executives sold their entire stakes in the company.

Kochetkov said that the European markets fell as optimism from the NAFTA talks faded, and the oil market traded flat.

The preferred shares of Transneft continued to decrease after publication of a financial report on Tuesday and fell 3.8%, reaching a low since October 2016, Kochetkov said.

Manzhos said that Aeroflot soared and the trade volume increased after a U.S. investment bank changed its recommendation on the stock to Hold from Sell.

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

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank -3 178 12.020
Lukoil +1.37 4702 3.230
Gazprom -1.28 145.98 2.529
Aeroflot +3.31 115.5 1.997
Novatek -1.11 1099.5 1.639

(68.1451 rubles Ц U.S. $1)


30.08.2018 19:12
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 78.3613 -0.8136 20 sep
USD 67.0098 -0.7421 20 sep
Stock Market Indices
1D 1W 1M 1Y
rtsi 1134.10 +0.99 18:50 19 sep
micex 2404.42 +0.08 18:50 19 sep
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 157.39 +0.20 18:49 19 sep
lkoh 4719.00 +0.73 18:49 19 sep
rosn 437.85 -0.58 18:49 19 sep
sber 193.90 +1.17 18:49 19 sep
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 79.1900 -0.2175 14:59 19 sep
USDTD 66.7525 -0.6175 17:44 19 sep