Russian stocks drop in line with foreign exchanges

MOSCOW, May 11 (PRIME) -- The Russian stock market closed lower on Tuesday in line with negative dynamics of global floors, analysts said.

The MOEX Russia Index fell 1.16% to 3,652.05 and the RTS also decreased 1.16% to 1,552.63.

“The MOEX Russia Index and the RTS remained in minus by the end of trading being under pressure of external and internal factors,” Veles Capital analyst Yelena Kozhukhova said.

The foreign background was moderately negative. Trading in the U.S. started with a decline of three main indices, which were losing 0.5–1.5% by the end of the Russian session. Negative moods were seen on European floors.

The nearest futures for Brent and WTI oil were fluctuating between plus and minus by the end of the session, changing within 0.5%.

Hydropower giant RusHydro was among growth leaders, adding 2.92%. Oil and gas company Surgutneftegas’ preferred shares rose 1.8%. Fertilizer producer PhosAgro added 1.46%.

Top lender Sberbank was among outsiders, with common and preferred shares falling 4.38% and 4.19%, respectively, being under pressure of a dividend gap. Gold producer Petropavlovsk lost 2.99%.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-4.38	306.16	23.341
Norilsk Nickel	+1.12	27350.00	8.690
Gazprom	+0.26	242.03	8.085
Lukoil	-1.87	6003.50	7.202
Yandex	-0.82	4664.20	5.075

(74.1373 rubles – U.S. $1)

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