Russian stocks ease on global negativity, hawkish cbanks comments

MOSCOW, Oct 1 (PRIME) -- The Russian stock market fell on Friday, following overall negative moods and global markets’ anticipation of central banks’ support measures to come to an end, analysts said.

The MOEX Russia Index fell 0.40% to 4,086.99 and the RTS decreased 0.35% to 1,771.50.

“World stock exchanges had mixed moods. The U.S. stock exchanges made attempts to grow, but the general negative background in anticipation of tightening of monetary measures still showed itself,” Yelena Kozhukhova of Veles Capital said.

“Global equity markets were weighed down by expectations of higher inflation, and of higher interest rates due to hawkish comments from central banks,” according to a VTB Capital report.

According to Kozhukhova, Inter RAO’s stocks rose on expectations of power supplies to China doubling in October on the year.

PIK Group’s stocks collapsed on Friday amid the news about a secondary public offering (SPO) at a price of 1,275 rubles per share, Kozhukhova said.

Some securities showed bright dynamics. Akron’s stocks continued to strengthen due to the announced high dividends, gaining 2.3%, Yegor Zhilnikov of PSB Bank said.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Gazprom	-0.11	360.42	15.324
Sberbank	-1.21	336.86	11.951
PIK Group	-11.27	1268.8	6.202
Norilsk Nickel	+0.78	22000	4.951
Lukoil	+0.31	6925	4.557

(72.6642 rubles – U.S. $1)

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