Russian stocks flat as investors wait for G20 summit news

MOSCOW, Jun 27 (PRIME) -- The Russian stock market closed with marginal dynamics on Thursday on investor wariness before the start of a G20 summit, analysts said.

The MOEX Russia Index grew 0.16% to 2,779.66, and the RTS index increased 0.10% to 1,388.07.

“The MOEX Russia Index has set a new intraday record of 2,791 in the first half of the day. But the external background began to deteriorate again after (U.S. President Donald) Trump said that a deal with the president of China can be reached but he will gladly raise tariffs for all imports from China if there is no deal,” Otkritie Broker analyst Andrei Kochetkov said.

China plans to set several conditions for the agreement, such as abolition of a ban on the sale of U.S. technologies to Huawei and lifting of all earlier prohibitive duties.

Kochetkov said that the oil prices changed little before the start of the G20 summit.

Yelena Kozhukhova, analyst at Veles Broker, said that the background for the Russian market was mixed as the European markets demonstrated a moderate decline, while the S&P500 futures added about 0.1%.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-0.04	240.5	11.576
Gazprom	-0.21	232.6	5.194
Lukoil	+0.4	5380	2.988
ALROSA	-1.87	87.34	1.879
Magnit	-1.91	3791	1.857

(62.8083 rubles – U.S. $1)

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