Russian stocks edge down deeply in line with global markets

MOSCOW, Sep 21 (PRIME) -- The Russian stock market was covered with a global wave of sales on Monday and edged down in line with the external trend, analysts said.

The MOEX Russia Index lost 2.99% to 2,863.67 and the RTS dropped 3.86% to 1,181.24.

“The Russian stock market started the week with a fall following global markets. Local stocks were pressured by the situation on the energy market with the Brent oil price declining 3.7% to around U.S. $41.6 per barrel. Besides, Western floors demonstrated a decrease,” senior analyst at Promsvyazbank Bogdan Zvarich said.

Major European indices lost up to 4.2%, and the core U.S. benchmarks Dow Jones and S&P500 fell 2.4–2.9% in the first hours of trading, he also said, adding that a wave of sales covered a wide range of assets on Monday, which left no chance to the Russian market.

Veles Broker analyst Yelena Kozhukhova said that the Moscow Exchange’s oil and gas index demonstrated the deepest fall of 3.65%.

Oil company Tatneft was among the biggest losers falling 5.73%, and it was followed by previous metals producer Polyus and Polymetal International, which slid 4.93% and 4.92%, respectively, thanks to a 3% weakening of the gold price.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-2.46	224.64	15.017
Lukoil	-4.21	4480	10.083
Norilsk Nickel	-3.64	18598	7.921
Gazprom	-3.1	175.9	6.989
Tatneft	-5.73	478.7	4.271

(76.0381 rubles – U.S. $1)

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