Russian stocks drop on worsened external background
MOSCOW, Sep 8 (PRIME) -- The Russian stock market edged down slightly on Thursday as investors were still careful prior to the arrival on non-residents at the local stock market on September 12 and due to a discouraging external environment, analysts said.
The MOEX Russia Index fell 0.47% to 2,390.27 and the RTS decreased 0.48% to 1,237.75.
“The MOEX Russia Index demonstrated negative dynamics on Thursday falling… to below 2,400… Investors are still cautious about the coming arrival of non-residents at the local stock market,” Senior Portfolio Manager of managing company Pervaya Anton Kravchenko said.
Freedom Finance Global’s Senior Analyst Natalya Milchakova said that the Russian market continued correcting downwards amid negative dynamics of both U.S. and European stock exchanges due to pessimistic economic outlooks.
She added that Russia’s oil and gas pipe maker TMK was among the worst performers as it was trading ex-dividend, and insurance company Renaissance fell significantly without any signals.
Below are the MOEX Russia Index’s five most active stocks on Thursday:
| Company | Change, % | Last price, rbl | Trading volume, bln rbl |
|---|---|---|---|
| Gazprom | +0.99 | 243.95 | 9.426 |
| Sberbank | -1.72 | 134.51 | 7.830 |
| Lukoil | -0.23 | 4410 | 1.878 |
| TCS Group | +2.01 | 2768.5 | 1.721 |
| Novatek | -1.78 | 1157 | 1.223 |
(61.1814 rubles – U.S. $1)
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