Russian stocks drop on sanctions uncertainty, falling oil prices - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian stocks drop on sanctions uncertainty, falling oil prices

MOSCOW, Aug 23 (PRIME) -- Russian stocks decreased on Thursday amid sanctions uncertainty, mixed dynamics on foreign floors, and falling oil prices, analysts said.

The MOEX Russia Index fell 1.61% to 2,260.04 and the RTS decreased 2.00% to 1,043.99.

УThe MOEX Russia Index and the RTS index remained in minus by the end of trading on Thursday, having accelerated the decline by the end of the session,Ф Veles Broker analyst Yelena Kozhukhova said.

УRussian indices are finishing the session on a pessimistic note, but sales still can be called moderate. Uncertainty over sanctions remains, and in September, an issue on the most painful topics for the Russian market Ц restrictions on the purchase of state debt and operations of state banks Ц should be solved. There is no panic on the stock exchanges, and corrective growth cannot be ruled out in the next few days, but there are also not many reasons for optimism,Ф she said.

The ruble depreciated against the dollar and the euro despite growth attempts during the day.

Trading in the U.S. opened with mixed dynamics of main indices, and neutral moods were seen on European floors. Oil quotations were losing less than 0.5% by the end of trading after a major upward leap earlier.

Fertilizer producer PhosAgro was among growth leaders, adding 2.2%, as its net profit doubled on the year to 2.955 billion rubles in AprilЦJune, as calculated under International Financial Reporting Standards (IFRS).

National top lender Sberbank, whose IFRS net profit rose 21.4% on the year to 427.4 billion rubles in JanuaryЦJune, lost 4.84% after U.S. Senator Chris Van Hollen said a bill on new U.S. sanctions will affect Russian banks.

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

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank -4.84 178.71 27.066
Gazprom -1.85 141.50 3.067
Lukoil -1.39 4450.00 2.942
Sberbank pref -3.37 156.66 1.704
Norilsk Nickel -1.12 10950.00 1.645

(67.6163 rubles Ц U.S. $1)

End

23.08.2018 19:30
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 75.1825 -0.1393 21 nov
USD 65.5871 -0.4210 21 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1116.85 -1.66 18:50 20 nov
micex 2341.60 -1.36 18:50 20 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 151.61 -1.62 18:39 20 nov
lkoh 4797.00 -1.00 18:39 20 nov
rosn 413.55 -2.49 18:39 20 nov
sber 193.58 -2.23 18:39 20 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 74.9725 -0.2775 14:59 20 nov
USDTD 65.7475 -0.1775 17:44 20 nov