Russian stocks decrease on oil price, foreign markets fall

MOSCOW, Dec 8 (PRIME) -- The Russian stock market fell on Tuesday on the back of a small dip in the oil prices and a more considerable negative trend on foreign stock markets, analysts said.

The MOEX Russia Index fell 0.48% to 3,179.61, and the RTS Index decreased 0.31% to 1,364.66.

"The indices of the Moscow Exchange and the RTS started a downward correction at the end of trading  after attempts to rise in the first half of the session," Veles Capital analyst Yury Kravchenko said.

Oil was changed marginally. The OPEC plus deal will be discussed at a meeting with President Vladimir Putin on Wednesday. According to Otkritie Broker analyst Anton Zatolokin, oil needs positive news about the pandemic to continue an upward trend.

Kravchenko said that the U.S. market was in a moderately negative mood and the trading session started with a decrease of three key indices, which lost 0.1–0.5% at the closing of the Russian trading session. The market was wary of the new restrictive measures in New York, similar to those introduced earlier in California. The European bourses also fell moderately.

The Russian oil companies decreased a little in line with the oil prices, Novatek and Rosneft were among the outsiders, dropping 2.17% and 2.15% respectively, Zatolokin said.

Kravchenko said that gold producers grew bucking the trend, which was unsurprising as the gold prices rose to U.S. $1,875 per ounce.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+0.42	275.5	20.478
Gazprom	-0.36	190.08	8.744
Lukoil	-0.8	4999	6.017
Norilsk Nickel	-1.2	22808	5.776
Polyus	+2.29	15077.5	4.928

(74.2506 rubles – U.S. $1)

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