Russian stocks drop in line with global floors amid coronavirus

MOSCOW, Feb 27 (PRIME) -- Russian stocks dropped on Thursday renewing lows in line with pessimistic moods on global floors amid the spreading coronavirus, analysts said.

The MOEX Russia Index edged down 3.37% to 2,915.84 and the RTS index dropped 5.13% to 1,386.20.

“The MOEX Russia Index and the RTS Index updated the lows of the year by the end of trading and accelerated the decline amid continued sales on the global stock and oil floors,” Veles Capital analyst Yelena Kozhukhova said.

The foreign background was negative. Trading on the U.S. floors started with a decline of three main indices, which were losing around 2.2–2.7% by the end of the Russian session. Negative moods were seen on European floors amid the spreading coronavirus.

Brent and WTI oil quotations were losing 4–5% by the end of the day.

Oil and gas company Surgutneftegas and flagship carrier Aeroflot were among outsiders, losing 10% and 7.37%, respectively.

Electronics and household appliances chain M.Video, gold producer Polyus, and precious metals producer Polymetal were among growth leaders, adding 4.48%, 2.97%, and 0.58%, respectively.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Gazprom	-3.23	217.50	18.217
Sberbank	-3.16	242.88	14.288
Lukoil	-4.1	6000.00	9.160
Norilsk Nickel	-2.69	21238.00	7.436
Surgutneftegas	-10	39.60	7.023

(65.5177 rubles – U.S. $1)

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