Russian stocks drop on falling oil prices, mixed background

MOSCOW, Jun 30 (PRIME) -- Russian stocks decreased on Tuesday amid falling oil prices and mixed dynamics on foreign floors, analysts said.

The MOEX Russia Index fell 0.89% to 2,743.20 and the RTS dropped 2.19% to 1,212.63.

“The MOEX Russia Index and the RTS Index remained in moderate minus by the end of trading, not joining purchases abroad,” Veles Capital analyst Yelena Kozhukhova said.

The foreign background was mixed. Trading in the U.S. started without single dynamics of three main indices, which were gaining 0.1–1.1% by the end of the Russian session. Neutral moods were seen on European floors.

The nearest futures for Brent and WTI oil remained in minus by the end of trading in Russia and were losing around 0.5–1%. The oil market was pressured by uncertainty around the situation with coronavirus and potential new quarantine measures, Kozhukhova said.

Power utility Mosenergo and precious metals producer Polymetal were among growth leaders, adding 4.06% and 2.18%, respectively.

Construction company Mostotrest and hydropower giant RusHydro were among outsiders, losing 5.04% and 3.25%, respectively.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Gazprom	-2.37	193.24	9.687
Sberbank	-1.46	202.80	8.417
Norilsk Nickel	-2.58	18700.00	8.303
Lukoil	-0.67	5279.50	4.644
Tatneft	-2.89	552.00	2.274

(69.9513 rubles – U.S. $1)

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