Russian stocks fall in correction after Friday’s growth

MOSCOW, Feb 20 (PRIME) -- Russian stocks fell on Saturday in correction after growth on Friday amid no trading on global floors, analysts said.

The MOEX Russia Index fell 0.33% to 3,446.32 and the RTS decreased 0.44% to 1,465.82.

“The MOEX Russia Index and RTS remained in a small minus by the end of trading, correcting after growth the day before,” Veles Capital analyst Yelena Kozhukhova said.

Global stock indices were closed on Saturday due to holidays.

TCS Group was among growth leaders, with its global depositary receipts (GDRs) adding 4.07%. Fertilizer producer PhosAgro rose 0.91% after publishing financial results on Friday.

Power producer Territorial Generating Company-2 (TGC-2) was among outsiders, losing 4% on reports about detention of CEO Nadezhda Pinigina over alleged tax evasion and power abuse.

Metals giant Norilsk Nickel fell 3.95% after a collapse of a roof at the Norilsk concentration plant that killed three people.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Norilsk Nickel	-3.95	27020.00	12.899
Sberbank	-0.31	270.51	2.202
Gazprom	+0.18	226.40	1.174
Yandex	+0.82	5046.00	0.910
TCS GDRs	+4.07	4225.20	0.860

(73.9717 rubles – U.S. $1)

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