Russian stocks fall on unfavorable environment, deflating oil

MOSCOW, Jul 8 (PRIME) -- The Russian stock market decreased on Thursday following a negative foreign environment including a fall in crude prices, analysts said.

The MOEX Russia Index fell 0.87% to 3,861.08 and the RTS decreased 0.84% to 1,627.64.

“The MOEX Russia and the RTS indices edged down on Thursday, almost reaching the support levels of 3,840 and 1,600, but managed to consolidate above them,” Veles Broker analyst Yelena Kozhukhova said.

BCS World of Investment expert Dmitry Babin said that global bourses were under pressure since the beginning of the day, and oil prices also fell after a period of consolidation, hitting a 3-week low.

The global market is discouraged by an outburst of the coronavirus disease in the Asian region, especially in South Korea and Japan that is ready to announce an emergency regime until the end of August, Babin also said. Investors are worried about the future of the world’s economic recovery, he added.

Kozhukhova said that the Moscow Exchange’s consumer sector index demonstrated the steepest fall of 1.79%.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Gazprom	-1.9	291.74	14.677
Sberbank	-0.43	302.75	8.912
Rosneft	-0.11	579.6	7.828
Lukoil	-1.57	6675.5	6.574
Norilsk Nickel	-0.66	24469	5.564

(74.0580 rubles – U.S. $1)

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