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Russian stocks fall in line with oil, ruble, global floors

MOSCOW, Aug 14 (PRIME) -- Russian stocks decreased on Wednesday in line with oil prices and ruble and amid worsening of the global sentiment, analysts said.

The MOEX Russia Index fell 1.61% to 2,637.04 and the RTS decreased 2.94% to 1,259.68.

“The MOEX Russia Index and the RTS Index accelerated decline by the end of trading on Wednesday amid worsening of the foreign sentiment,” Veles Capital analyst Yelena Kozhukhova said.

Trading in the U.S. opened with a decline of three main indices, which dropped by 2.3–2.5% by the end of trading in Russia. Optimism from the U.S. decision to delay import duties on some Chinese goods has faded away, while concerns enhanced following publication of disappointing data on the Chinese and German economies, Kozhukhova said. Trading in Europe was on a pessimistic note.

Oil prices were losing 4–4.5% by the end of the day amid concerns over the state of the global economy and prospects of oil demand.

The ruble lost over 1% against the dollar and euro.

Precious metals producer Polymetal and gold producer Polyus were among growth leaders, rising by 2.16% and 2.42%, respectively, resuming growth amid higher prices of gold. Multi-industry holding Sistema and diamond giant ALROSA were among outsiders, falling by 4.46% and 2.79%, respectively.

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

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank -2.72 217.11 11.432
Gazprom -1.21 227.10 8.143
Lukoil -3.21 5106.50 4.886
ALROSA -2.79 70.70 2.329
Rosneft -1.27 400.15 2.135

(65.6017 rubles – U.S. $1)

End

14.08.2019 19:18