Russian stocks drop dragged by decline of foreign floors, oil

MOSCOW, Nov 17 (PRIME) -- Russian stocks decreased on Tuesday dragged by pessimistic moods on foreign exchanges and the oil market, analysts said.

The MOEX Russia Index fell 0.89% to 3,052.22 and the RTS decreased 0.80% to 1,258.46.

“The MOEX Russia Index and the RTS remained in minus by the end of trading under the influence of the worsened foreign background, but retreated from the lows of the day,” Veles Capital analyst Yelena Kozhukhova said.

The foreign background was moderately negative. Trading in the U.S. started without single dynamics of three main indices, which were losing 0.4–1.1% by the end of the Russian session. Moderately negative moods were seen on European floors.

The nearest futures for Brent and WTI oil were decreasing within 1% by the end of trading in Russia, as participants of the oil market were expecting news from the OPEC+ monitoring committee meeting.

Gold producer Seligdar was among growth leaders, adding 1.6%.

Steelmaker Novolipetsk Steel (NLMK) and flagship carrier Aeroflot were among outsiders, losing 3.68% and 3.08%, respectively.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-0.57	246.58	21.911
Gazprom	-1.31	182.90	16.904
Lukoil	-1.67	4850.00	6.873
Rosneft	+2.02	439.65	5.634
Norilsk Nickel	-1.13	20546.00	4.217

(76.9197 rubles – U.S. $1)

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