Russian stocks decrease on lack of supportive news
MOSCOW, Aug 24 (PRIME) -- The Russian stock market closed lower on Thursday on the absence of a news flow that support shares of the key industries, analysts said.
The MOEX Russia Index decreased 0.28% to 3,137.37, and the RTS index fell 0.73% to 1,043.51.
"Almost all sectors are trading lower, while the blue chips are demonstrating positive dynamics. The ruble's effect on the trade is minimal," Otkritie Broker leading analyst for global research Andrei Kochetkov said.
Bank Saint Petersburg returned to growth after a downward correction earlier in the week. "The bank is a dividend story with recommended payments for the first half of this year at 19.08 rubles per common share," according to Veles Capital analyst Yelena Kozhukhova.
PIK Group also started rising and added 3.94% on Wednesday's statements about VTB quitting capital of the company.
Gazprom Neft rose 0.43% after reporting a decrease of the net profit in January–June as calculated under International Financial Reporting Standards, Kochetkov said.
Beluga Group added 0.52% on the news about its renaming into NovaBev Group, which would probably be costly and may undermine profit and dividends, he said.
Severstal grew 2.61% on the news about higher sales of new types of products by 30% in January–June, Kochetkov said.
According to the analyst, the ruble dipped against the key foreign currencies in the morning but later recovered the euro thanks to exporters’ preparations to pay taxes.
Below are the MOEX Russia Index’s five most active stocks on Thursday:
| Company | Change, % | Last price, rbl | Trading volume, bln rbl |
|---|---|---|---|
| Lukoil | +1.6 | 6515 | 6.480 |
| Sberbank | +0.76 | 258.34 | 5.469 |
| Bank Saint Petersburg | +5.32 | 294.35 | 2.419 |
| Gazprom | +0.89 | 175.2 | 2.336 |
| Sovcomflot | +2.88 | 111.22 | 2.329 |
(94.4421 rubles – U.S. $1)
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