Russian stocks decrease on oil price fall

MOSCOW, Dec 26 (PRIME) -- The Russian stock market fell on Tuesday on the back of a decline of oil prices, analysts said.

The MOEX Russia Index decreased 0.14% to 3,094.72, and the RTS index declined 0.06% to 1,063.05.

"The market remained in the red zone on Tuesday by the middle of the trading session on the Moscow Exchange," senior trader at managing company Alfa-Capital Vladislav Silayev said.

The Brent oil price declined by 0.1% to U.S. $78.72 per barrel, of the the Urals  eased by 0.04% to $66.71, while the discount to the benchmark remained at 15.26%, Freedom Finance Global analyst Vladimir Chernov said.

According to Chernov, RusAgro's shares increased 1.23% on expectations of the start of pork sales to China in January after many years of suspension that is supposed to boost revenue.

Unipro and Novolipetsk Steel (NLMK) increased 0.45% and 1.24% respectively after Rosbank received a presidential permit to buy the shares of several Russian companies, including these two, from Societe Generale, the analyst said.

Norilsk Nickel decreased 4.24% after closing the shareholder register, he said.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+0.31	271.91	5.574
Norilsk Nickel	-4.24	16404	3.686
Globaltruck Management	+15.67	573.9	3.662
Yandex	+0.98	2420	3.448
Gazprom	-0.13	160.88	2.695

(91.9690 rubles – U.S. $1)

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