Russian stocks mixed as EU markets rise, ruble weakens
MOSCOW, Jun 7 (PRIME) -- The MOEX Russia Index increased on Thursday as the E.U. markets and oil quotations grew, while the RTS index fell on the back of a weakening ruble, analysts said.
The MOEX Russia Index grew 0.03% to 2,316.07 and the RTS index fell 0.55% to 1,171.22.
Andrei Kochetkov, an analyst at Otkritie Broker, said that a live Q&A conference of President Vladimir Putin with the Russians did not influence the market trends.
Sofya Kirsanova, an analyst at managing company Raiffeisen Capital, said: УOn Thursday, June 7, dynamics of the Russian stock market became positive after two days of insignificant correction thanks to firming Western floors and growing oil prices,Ф
She said that investors hope that the G7 countries will be able to counter the U.S. protectionist trade policies after the E.U. has expressed rage with a U.S. intent to introduce steel duties and after the French president said he will not sign a joint G7 statement at a forthcoming summit if U.S. President Donald Trump does not ease his position on the duties.
Kochetkov said that Bank Vozrozhdenie jumped 6.77% after VTB CEO Andrei Kostin confirmed plans to acquire the bank and said VTB would like to close the deal in JulyЦSeptember.
Below are the MOEX Russia IndexТ five most active stocks on Thursday:
|Company||Change, %||Last price, rbl||Trading volume, bln rbl|
(62.0064 rubles Ц U.S. $1)