Russian stocks fall on tough geopolitical environ, oil price slide - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian stocks fall on tough geopolitical environ, oil price slide

MOSCOW, Jul 20 (PRIME) Ц The stocks fell on Friday as investors favored sales due to a tough international situation, including new developments in the U.S. trade war with China and concerns over possible new sanctions against Russia, and local players received no support from sliding oil prices, analysts said.

The MOEX Russia Index fell 0.95% to 2,247.82 and the RTS decreased 0.88% to 1,114.59.

УThe situation at financial markets is dire. Today, news came from CNBC that (U.S. President Donald) Trump said he was ready to slap trade duties on U.S. $500 billion worth of goods from ChinaЕThe U.S. is ready to impose 10% duties on $75 billion worth Chinese goods from September 1, and the list will only expand after that,Ф Vasily Oleinik, an expert at investment company Finam, said.

УBefore the news the European stock indices had grown 0.5%, and after that they plummeted about 1%...and the oil price also lost 1% due to that.Ф

The Brent oil price slid to $72.34 per barrel during the day, but it grew 0.901% to U.S. $73.24 in a rebound as of 6.21 p.m. Moscow time, according to the ICE exchange.

УThe MOEX Russia Index has continued its contraction for a fifth trade session in a row today expecting possible worsening of sanctions. The external markets also provided no significant favorable drivers. The U.S. trade wars against Europe and China are gaining momentum, while the oil prices remain close to a level after a slump at the beginning of the week,Ф Artyom Mikhailin, an analyst at investment company Veles Capital, said.

Timur Nigmatullin, an analyst at Otkritie Broker, said that the international situation was the main reason for sales in Russian shares. УThe risk of the U.S. introducing new sanctions against Russia is very high, as the Senate is already working on a new package of restrictive measures,Ф he said.

Below are the MOEX Russia IndexТ five most active stocks on Friday:

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank -1.52 204.34 26.070
Gazprom -0.81 136.47 2.565
Lukoil -0.78 4300.00 2.518
Sberbank prefs -1.78 174.10 2.096
Norilsk Nickel -0.92 10255.00 1.836

(63.2746 rubles Ц U.S. $1)


20.07.2018 19:25
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 70.7941 +0.1873 20 jul
USD 62.8666 +0.0380 20 jul
Stock Market Indices
1D 1W 1M 1Y
rtsi 1350.69 +0.07 18:50 19 jul
micex 2700.57 -0.07 18:50 19 jul
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 216.00 -1.05 18:49 19 jul
lkoh 5200.50 +0.67 18:49 19 jul
rosn 420.45 +0.83 18:47 19 jul
sber 232.85 -0.82 18:48 19 jul
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.6200 +0.1800 14:59 19 jul
USDTD 63.0300 +0.1575 17:44 19 jul