Russian stocks fall as markets correct down after lengthy growth - 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 markets correct down after lengthy growth

MOSCOW, Apr 11 (PRIME) -- The Russian stock market corrected downwards on Tuesday following four weeks of growth in a row, analysts said.

The MOEX Russia Index fell 0.54% to 2,533.69 and the RTS decreased 1.06% to 973.39.

УThe Russian market started correction after four consecutive weeks of growthЕ (The MOEX Russia Index) can potentially return to the level of 2,500 and test it as a support line,Ф managing company Pervaya analyst Ivan Kapustyansky said.

The correction started despite a positive external background with the Brent oil price consolidating at the levels that were reached previously, and generally optimistic sentiments on the global markets, he added.

Kapustyansky said that the transportation and the financial sectors were among the worst performers on the local bourses.

Veles Broker analyst Yelena Kozhukhova said that banking group TCS Group, Novorossiysk Commercial Sea Port (NCSP) and oil company RussNeft fell after strong previous growth.

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

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank -1.47 218.94 20.058
Gazprom +1.02 176.32 19.467
Polymetal International +2.84 644 4.199
Lukoil -0.12 4645 3.833
Polyus -0.08 9658.5 3.617

(81.7441 rubles Ц U.S. $1)


11.04.2023 19:25
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 103.1631 +1.0652 30 sep
USD 97.4147 +0.4129 30 sep
Stock Market Indices
1D 1W 1M 1Y
micex 3133.26 +0.81 18:51 29 sep
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 167.30 -1.34 23:14 29 sep
lkoh 6677.00 +0.47 23:14 29 sep
rosn 537.30 +0.30 23:14 29 sep
sber 257.67 0.00 23:50 29 sep
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 102.7525 +0.6950 14:59 29 sep
USDTD 97.6200 +0.7700 17:44 29 sep