Russian stocks fall amid mixed dynamics on global floors

MOSCOW, Sep 13 (PRIME) -- Russian stocks switched to decline by the end of the trading day on Wednesday amid mixed dynamics on global floors after growing the entire day backed by rising oil prices, analysts said.  

The MICEX fell 0.22% to 2,054.19 and the RTS decreased 0.52% to 1,118.38.

“The Russian stock market spent the first half of Wednesday in plus, gaining 0.7% at one moment. In the second half of the day, the market switched to a reduction amid mixed dynamics of Western markets: European floors were showing growth within 0.3%, while the U.S. stock indices were mostly demonstrating small decline,” Veles Capital analyst Alexei Adonin said.

The market was partially supported by oil prices, which exceeded U.S. $55 per barrel on newly-released statistics data that showed a reduction of the U.S. oil production.

Metals giant Norilsk Nickel’s shares lost 2.2% on decreased nickel and copper prices.

Aluminum giant UC RUSAL grew on media reports saying that China’s CEFC could buy a stake in RUSAL’s parent company En+ Group, Raiffeisen Capital analyst Mikhail Kuzin said.

Airline Transaero’s shares dropped 28.95% after the Arbitration Court of St. Petersburg and the Leningrad Region declared the company bankrupt and launched bankruptcy proceedings.

Below are the MICEX’ five most active stocks on Wednesday:

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-0.12	189.10	9.062
Gazprom	+1.28	123.55	6.338
Rosneft	+0.05	314.75	2.699
Lukoil	-0.79	2938.00	2.396
Norilsk Nickel	-2.20	9650.00	1.905

(57.2656 rubles – U.S. $1)

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