Russian stocks fall in line with global benchmarks, oil prices

MOSCOW, Jun 15 (PRIME) -- The Russian stock market on Monday continued the downward trend, which began at the end of last week, following global negativity, analysts said.

The MOEX Russia Index fell 0.90% to 2,719.06 and the RTS slid 1.34% to 1,221.57.

“The Russian stock market continued the negative dynamics trend, which began last week, thanks to the external background. Sales of local stocks were encouraged by the energy market’s dynamics with the nearest Brent oil futures falling below U.S. $38.5 per barrel,” senior analyst at Promsvyazbank Bogdan Zvarich said.

Sales on the domestic bourses were also supported by the situation on the Western floors, he added. Major European benchmarks lost up to 0.9% by the evening, and the U.S. Dow Jones and S&P500 dropped 1.3% and 0.9%, respectively, in the first hours of trade.

Precious metals miners Polymetal International and Polyus were among the biggest losers. Veles Broker analyst Yelena Kozhukhova said that the companies followed dynamics of the gold price.

She also said that metal and mining group Mechel outperformed the market, adding 1.52% without evident fundamental reasons.  

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-0.49	207.32	15.576
Gazprom	-1.29	194.2	10.540
Lukoil	-1.61	5264	9.152
Norilsk Nickel	-2.18	19058	8.868
Rosneft	-2.65	366.15	4.413

(69.1219 rubles – U.S. $1)

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