Russian stocks fall discouraged by correction sentiment abroad

MOSCOW, Nov 30 (PRIME) -- The Russian stock market edged down on Monday following correction sentiment on the global energy and stock markets, analysts said.

The MOEX Russia Index fell 1.12% to 3,107.58 and the RTS decreased 1.57% to 1,281.97.

“The MOEX Russia and the RTS indices remained in the negative territory by the end of the trading session falling to the nearest support lines of 3,100 and 1,290… amid restrained correction sentiment on the global market,” Veles Broker analyst Yelena Kozhukhova said.

The markets are mainly guided by corporate news, and the energy market is nervous ahead of the final negotiations on the future of the OPEC+ oil production cut deal, she added.

Otkritie Broker analyst Andrei Kochetkov said that the domestic market’s losses were majorly linked with correction of energy stocks following a rally seen earlier.

Kozhukhova said that the shares of largest children goods retailer Detsky Mir hit a record high of 151.42 rubles per share during the day on the news that Altus Capital plans to acquire 29.9% in the company with a buyout offer of 160 rubles per share.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-0.77	249.55	25.388
Yandex	+4.99	5370	18.104
Mail.Ru	-2.79	2217.2	17.587
Lukoil	-4.35	5031	16.979
Gazprom	-1.87	182.43	12.127

(75.8599 rubles – U.S. $1)

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