Russian stocks flat on risk assessing, global sentiments

MOSCOW, Jan 20 (PRIME) -- The Russian stock market closed with marginal changes on Friday over negative global sentiments and investors’ assessment of external and internal risks, analysts said.

The MOEX Russia Index fell 0.10% to 2,166.69 and the RTS decreased 0.12% to 991.88.

“The Russian stock market on Friday by the end of the main session did not show significant changes, trying to assess the external and internal factors,” Veles Capital analyst Yelena Kozhukhova said.

Freedom Finance Global’s Senior Analyst Natalya Milchakova said that the statements at the World Economic Forum in Davos about a looming slowdown in the world economy and one of the worst in several decades global gross domestic product (GDP) growth in 2023 intensified “the bearish activity” on the market.

The leaders of growth were shares of SPB Exchange, increasing on expectations of further decisions of European regulators to unblock Russian assets in foreign depositories, and TMK shares, which grew on the news of the dividend of 6.78 rubles per share for January–September of 2022 approved by the shareholders, Milchakova said.

The analyst also said that the list of outsiders was headed by Beluga due to closing of the register for the interim dividend.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+0.66	150.33	5.634
Gazprom	-1.02	158.9	2.392
SPB Exchange	+8.33	159.9	1.513
Lukoil	-0.78	3950	1.344
Magnit	+1.41	4568	0.791

(68.8467 rubles – U.S. $1)

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