Russian stocks fall as investors flee from risks on trade war - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian stocks fall as investors flee from risks on trade war

MOSCOW, Jun 19 (PRIME) -- The Russian stock market dropped on Tuesday on the back of a flee for safety by investors worldwide as the U.S. and China continued their trade conflict, analysts said.

The MOEX Russia Index eased 0.05% to 2,221.42 and the RTS index decreased 0.34% to 1,096.92.

УThe Russian market is again tracking foreign news. The U.S. keeps raising its pressure on China in trade and Beijing reciprocates, a threat to the global economy, and therefore demand for RussiaТs key exports,Ф Otkritie Broker analyst Andrei Kochetkov said.

The European indices and the U.S. stock market futures fell, currencies of the oil producing states weakened, while there were such indicators of risk flight as strengthening of the yen and the fall of the U.S. TreasuriesТ yield, Kochetkov said.

According to Kochetkov, the Russian governmentТs plans to raise value-added tax (VAT) add to the negative expectations of investors.

Forex Club analyst Ivan Marchena said that the Brent oil price fell as market participants waited for a decision on the future terms of the OPEC plus nonmember output reduction agreement, to be made on Friday.

Vitaly Manzhos, senior risk manager at investment company Nord Capital, said that both the MOEX Russia Index and the RTS hit their lows for two months anew.

Novolipetsk Steel (NLMK) slid on a dividend gap, Manzhos said.

He also said that oil and gas companies traded better than the market because a possible increase of the OPEC plus nonmember deal quotas was priced in. Russian oil producers would probably benefit in the short term from raising their output.

Below are the MOEX Russia IndexТ five most active stocks on Tuesday:

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank -0.15 206 10.543
Gazprom -0.75 135.5 4.894
Lukoil +1.12 4091 3.370
Norilsk Nickel +0.68 11126 2.044
Rosneft +1.38 392.35 2.029

(63.4838 rubles Ц U.S. $1)


19.06.2018 19:09
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 78.3613 -0.8136 20 sep
USD 67.0098 -0.7421 20 sep
Stock Market Indices
1D 1W 1M 1Y
rtsi 1134.10 +0.99 18:50 19 sep
micex 2404.42 +0.08 18:50 19 sep
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 157.39 +0.20 18:49 19 sep
lkoh 4719.00 +0.73 18:49 19 sep
rosn 437.85 -0.58 18:49 19 sep
sber 193.90 +1.17 18:49 19 sep
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 79.1900 -0.2175 14:59 19 sep
USDTD 66.7525 -0.6175 17:44 19 sep