Russian stocks fall on Trump–Putin cancelled meeting, oil prices

MOSCOW, Nov 30 (PRIME) -- Russian stocks decreased on Friday upset by U.S. President Donald Trump’s decision to cancel a meeting with his Russian counterpart Vladimir Putin, as well as falling oil prices and a depreciated ruble, analysts said.

The MOEX Russia Index fell 0.25% to 2,392.50 and the RTS decreased 1.33% to 1,126.14.

“The MOEX Russia Index and the RTS index remained in minus by the end of trading on Friday, being under pressure of geopolitics and oil prices,” Veles Broker analyst Yelena Kozhukhova said.

The ruble depreciated against the dollar and euro being under additional pressure of falling oil prices, she said.

Trading in the U.S. started with a decline of main indices, and neutral moods were seen on European floors.

Oil prices have accelerated decline by the end of the day and were losing around 2.5%

Power grid holding Rosseti and diamond producer ALROSA were among outsiders, losing 5.56% and 3.26%, respectively.

Oil company Tatneft fell 0.18% despite reporting that its net profit attributable to shareholders rose 96% on the year to 174.096 billion rubles in January–September, as calculated under International Financial Reporting Standards (IFRS).

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-0.9	194.00	12.994
Polymetal	-0.1	667.30	7.282
Lukoil	+2.73	4896.00	6.877
Gazprom	-2.24	161.29	5.499
RusHydro	-3.87	0.5046	4.614

(66.6342 rubles – U.S. $1)

End