Russian stocks may edge down as Sberbank goes ex-dividend - 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 may edge down as Sberbank goes ex-dividend

MOSCOW, Jun 11 (PRIME) -- The Russian stock market may open lower amid a mostly favorable external environment on Tuesday as the marketТs most liquid blue chip, top bank Sberbank, will begin trading ex-dividend, analysts said.

УThe external background is still favorable enough to support demand for Russian stocks. At the same time, the influence of the trade wars factor is still active, the issue of mutual U.S.-Chinese duties is acute with U.S. President Donald Trump threatening to raise the duties if ChinaТs president refuses to meet at the G20 summit later in June,Ф Olma senior analyst Anton Startsev said.

Vitaly Manzhos, senior risk manager at investment company Algo Capital, said that the MOEX Russia Index is likely to edge down around 0.5Ц0.7% at the opening as Sberbank will begin trading ex-dividend. The market may consolidate later.

The Brent oil price corrected down to around U.S. $62.5 per barrel. Asian markets are in the green territory.

In Russia, investors may also be interested in decision of the annual general meetings of shareholders of oil company Bashneft and power producer WGC-2.

End

11.06.2019 09:34
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 70.6286 +0.0973 20 nov
USD 63.7730 +0.0188 20 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1451.64 +0.60 18:50 19 nov
micex 2941.69 +0.59 18:50 19 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 248.01 +0.76 18:49 19 nov
lkoh 6090.00 +0.21 18:49 19 nov
rosn 452.55 +0.34 18:46 19 nov
sber 239.25 +0.76 18:49 19 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 70.6400 +0.0300 14:59 19 nov
USDTD 63.8025 -0.0900 17:44 19 nov