Russian stocks fall in line with oil prices, European floors

MOSCOW, Oct 30 (PRIME) -- Russian stocks edged down on Tuesday on the back of falling oil prices, negative moods on European floors, and a lack of strong growth drivers, analysts said.

The MOEX Russia Index fell 0.74% to 2,299.98 and the RTS decreased 0.65% to 1,105.33.

“By the middle of trading day, main Russian stock indices MOEX Russia Index and RTS are demonstrating a moderate decline towards levels of the previous close. Their current decrease looks quite logic, as the evening worsening of the foreign background formed conditions for the negative start of trading in Russia,” Algo Capital’s senior risk manager Vitaly Manzhos said.

Brent oil futures lost over 1% as trading in Russia closed, and market participants are waiting for publication of weekly data on the U.S. oil reserves by the American Petroleum Institute.

National flagship air carrier Aeroflot grew 4.47% ahead of publication of its financial results for January–September under Russian Accounting Standards (RAS) scheduled for Wednesday. 

Hydropower giant RusHydro lost 0.2% despite reporting that its RAS net profit rose 12% on the year to 37.514 billion rubles in January–September.

Oil company Tatneft, whose RAS net profit soared 89% on the year to 162.921 billion rubles in January–September, edged down 1.05%.

Oil major Rosneft lost 1.05% as a fire was reported at its oil depot in the Khanty-Mansi Autonomous District.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-0.44	184.78	11.278
Lukoil	-1.93	4778.50	4.022
Gazprom	-0.8	151.30	2.829
Magnit	+1.84	3606.00	1.838
Moscow Exchange	+4.24	86.73	1.293

(65.8129 rubles – U.S. $1)

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