Russian stocks fall in line with global floors amid coronavirus

MOSCOW, Feb 25 (PRIME) -- Russian stocks decreased on Tuesday amid pessimistic moods on foreign floors over spreading coronavirus, analysts said.

The MOEX Russia Index edged down 3.33% to 3,002.68 and the RTS index dropped 5.16% to 1,446.11.

“The MOEX Russia Index and the RTS Index remained in a significant minus by the end of trading amid a significant worsening of the foreign background at the beginning of the week,” Veles Capital analyst Yelena Kozhukhova said.

The foreign background was moderately negative. Trading in the U.S. started with growth of three main indices, which were showing mixed dynamics by the end of the Russian session. Negative moods were seen on European floors.

Brent and WTI oil quotations were losing around 0.5% by the end of the day.

Gold producer Polyus was among growth leaders, adding 3.2%.

Internet giant Yandex and Federal Grid Company of Unified Energy Systems (FGC UES) were among outsiders, losing 7.9% and 6.67%, respectively.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Gazprom	-3.16	224.68	11.987
Sberbank	-2.24	245.19	10.141
Lukoil	-4.42	6165.00	9.022
Yandex	-7.9	2681.80	6.428
Norilsk Nickel	-3	21554.00	6.084

(64.3008 rubles – U.S. $1)

End