Russian stocks ease prior to US Federal Reserve meeting
MOSCOW, Jun 17 (PRIME) -- The Russian stock market increased in the first part of the day on Monday, but failed to consolidate at the level as investors are careful prior to the U.S. Federal Reserve meeting scheduled for Wednesday, analysts said.
The MOEX Russia Index fell 0.18% to 2,734.31 and the RTS eased 0.01% to 1,340.90.
УThe Russian stock market failed to consolidate in the green territory (following a rise in the first part of the session), which may point to a threat of further correctionЕ From the fundamental point of view, the market is running around in circles with humble growth attempts,Ф Veles Broker analyst Yelena Kozhukhova said.
Bulls still hope to get profit and have not started profit-taking yet thanks to a stable foreign background. Investors are waiting for a further monetary policy decision of the U.S. Federal Reserve, whose meeting is slated for Wednesday, she added.
Power company Inter RAO was again among the top performers on high dividend hopes, adding 5.95% to 4.73 rubles.
Steel giant Severstal was among the biggest losers sliding 5.48% to 1,059.6 rubles following the ex-dividend date.
Below are the MOEX Russia IndexТs five most active stocks on Monday:
|Company||Change, %||Last price, rbl||Trading volume, bln rbl|
(64.4326 rubles Ц U.S. $1)