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Russian stocks fall despite growth of oil prices, global floors

MOSCOW, Jan 19 (PRIME) -- Russian stocks decreased on Tuesday despite growing oil prices and positive dynamics on global floors, analysts said.

The MOEX Russia Index fell 0.83% to 3,443.23 and the RTS decreased 0.29% to 1,470.63.

“The MOEX Russia Index and the RTS retreated from the session highs by the end of trading despite the predominantly optimistic sentiment abroad,” Veles Capital analyst Yelena Kozhukhova said.

The foreign background was moderately positive. Trading in the U.S. started with growth of three main indices, which were adding 0.2–0.7% by the end of the Russian session. Neutral moods were seen on European floors.

The nearest futures for Brent and WTI oil accelerated their growth by the evening and were adding 1–2%.

Real estate developer PIK Group was among growth leaders, rising 5.86% ahead of publication of operating results. The Moscow Exchange added 3.79%.

TCS Group was among outsiders, with global depositary receipts (GDRs) losing 5.57% after sharp growth during previous sessions.

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

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank -0.97 277.09 14.438
Gazprom -1.7 223.02 13.541
Lukoil +0.17 5883.00 6.682
Rosneft -1.13 510.65 6.125
Norilsk Nickel -0.19 25826.00 4.669

(73.9735 rubles – U.S. $1)

End

19.01.2021 19:25