Russian stocks don’t change much amid mixed background

MOSCOW, Jun 22 (PRIME) -- The Russian stock market remained almost flat from the opening by the end of the trading session on Thursday, supported by internal news and pressured by a negative global environment, analysts said.

The MOEX Russia Index fell 0.12% to 2,815.83 and the RTS decreased 0.15% to 1,056.18.

“The Russian stock market finished the day near the levels of the opening… The MOEX Russia Index was trading above 2,800. Investors continue to buy shares… using every downward correction,” Director of managing company Pervaya’s department for management of fixed income securities Dmitry Postolenko said.

A discouraging external background triggered sales in Russian shares. The oil price was decreasing, and negative dynamics were seen on the global stock exchanges. The world’s markets were pressured by U.S. Federal Reserve Chair Jerome Powell’s statements that the monetary policy can by tightened further, he said.

Freedom Finance Global’s Senior Analyst Natalya Milchakova said that second-tier Russian stocks were among the best performers.

Novorossiysk Grain Plant jumped more than 30% after Prime Minister Mikhail Mishustin’s promises to invest 160 billion rubles in joint projects with Qatar and extension of Southeastern transport corridors, she said.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Polyus	+0.11	11285	4.711
Sberbank	-0.07	242.03	4.169
Lukoil	+0.74	5163	2.526
Sovcomflot	+3.17	92.34	2.068
Transneft, preferred	+0.83	140350	1.908

(84.2467 rubles – U.S. $1)

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