Russian stocks mixed as US says may remove RUSAL from black list - 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 mixed as US says may remove RUSAL from black list

MOSCOW, Apr 23 (PRIME) -- Russian stocks closed mixed on Monday as investors were pleased with news that the U.S. can lift sanctions against Russian aluminum producer UC RUSAL if businessman Oleg Deripaska cedes control over the company, while a ruble slump undermined the dollar-denominated RTS index, analysts said.

The MOEX Russia Index rose 0.82% to 2,250.99 and the RTS decreased 0.10% to 1,144.66.

The Russian stock indices plunged on opening, but the latest news about RUSAL improved investor mood significantly. It was announced that the U.S. is ready to lift sanctions from the Russian aluminum giant if Oleg Deripaska loses control over the company. The statement was a blow for metals prices, while shares of RUSAL skyrocketed, Vasily Oleinik, an expert at investment company Finam, said.

Shares of metals giant Norilsk Nickel also won from the news flow, Oleinik said. RUSAL gained 17.65% to 27 rubles, while Norilsk Nickel rose 2.45% to 10,875 rubles.

The Russian ruble also reacted to that with a 0.5% increase, but contraction of oil prices exerted pressure on it, Oleinik added.

Yelena Kozhukhova, an analyst at investment company Veles Broker, said that the weakness of the ruble resulted in mixed dynamics of Russian indices.

The hope for a positive outcome of the RUSAL story charged investors with a positive mood, but so far we saw only words. A downward correction of oil prices is a factor of danger for the ruble and the stock market for several coming days, she said.

Andrei Kochetkov, an analyst at Otkritie Broker, said that the external background was not favorable to buyers during the day.

The idea of the yield on 10-year U.S. treasuries rising to 3.0% dominated the global market today. All risky assets were under the pressure of the background, he said.

Kochetkov also said that Russias largest truck producer Kamaz fell 1.20% to 49.40 rubles after publication of a 214.863 million ruble net loss for JanuaryMarch against a net profit of 34.423 million rubles in the same period of 2017, as calculated under Russian Accounting Standards (RAS).

Global depositary receipts of agricultural holding Rusagro fell 0.22% to 668 rubles as the companys revenue fell 23% year-on-year in JanuaryMarch, Kochetkov added.

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

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank +3.66 223.25 25.595
PIK Group -0.68 306.90 5.315
Gazprom -0.28 143.99 4.678
Norilsk Nickel +2.45 10875.00 3.572
Lukoil -0.28 3974.00 3.253

(61.3222 rubles U.S. $1)


23.04.2018 19:20
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 74.9055 -0.3437 19 feb
USD 66.2470 -0.4574 19 feb
Stock Market Indices
1D 1W 1M 1Y
rtsi 1177.04 -0.04 18:50 18 feb
micex 2472.41 -0.71 18:50 18 feb
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 156.43 -1.64 18:49 18 feb
lkoh 5483.50 +1.06 18:48 18 feb
rosn 405.00 +0.37 18:49 18 feb
sber 204.19 -1.83 18:49 18 feb
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 74.9475 -0.2325 14:59 18 feb
USDTD 66.5875 -0.3200 17:44 15 feb