Russian stocks fall in line with global floors, lack of optimism

MOSCOW, Jan 31 (PRIME) -- Russian stocks decreased on Tuesday amid a decline on global floors and lack of optimism, ignoring growing oil prices, analysts said.  

The MICEX fell 0.75% to 2,217.39 and the RTS decreased 0.98% to 1,164.15.

“The foreign background is mostly negative. The U.S. and European index futures continue falling. This is not surprising, as the U.S. Federal Reserve System will release its decision on monetary policy already on Wednesday,” Forex Club analyst Irina Rogova said.

Finam analyst Bogdan Zvarich said “the dynamics on European floors, where main indices lost growth of the first half of trading and entered the minus territory, as well as opening of stock markets in the U.S., where Dow Jones and S&P500 indices were losing around 0.5% after first 30 minutes of trading, were a curbing factor for Russian stocks.”

Metals giant Norilsk Nickel fell 1.46% after reporting that its nickel output decreased 12% to 235,749 tonnes in 2016.

Kuzbass Fuel Company gained 2.67% on reports that its production increased 6% to 11.68 million tonnes in 2016.

Below are the MICEX’ five most active stocks on Tuesday:

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-1.37	172.20	8.050
Gazprom	-0.66	149.80	4.243
Lukoil	-1.12	3370.00	2.475
Surgutneftegas pref	+2.23	34.35	2.246
ALROSA	-1.67	105.70	1.438

(60.1618 rubles – U.S. $1)

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