Russian stocks mixed on fears of new US sanctions, growing oil
MOSCOW, Jul 25 (PRIME) -- Russian stocks closed with mixed dynamics on Wednesday amid fears of new U.S. sanctions, growing oil prices, and a stronger ruble, analysts said.
The MOEX Russia Index rose 0.20% to 2,282.84 and the RTS decreased 0.18% to 1,141.70.
“The MOEX Russia Index opened with a decline on the back of news about a possible introduction of new sanctions against Russia, but managed to win back the decrease by the end of the day,” Veles Capital analysts said.
European floors were decreasing on expectation of a meeting between U.S. President Donald Trump and European Commission President Jean-Claude Juncker, while the U.S. stock indices opened with mixed dynamics.
The ruble strengthened against the dollar and euro, Veles Broker analyst Yelena Kozhukhova said. Oil quotations continued growth and were adding around 1% by the end of the day.
“Russian stock indices went into the negative territory in the first half of the day, but tried to restore the morning positions… Trump’s statements about Russia have upset investors, but there are no specifics in them yet, as in the Senate’s plans to introduce sanctions against Russia,” she said.
Independent gas producer Novatek grew 2.37% after reporting that its net profit attributable to shareholders rose 1.2% on the year to 75.162 billion rubles in January–June, as calculated under International Financial Reporting Standards (IFRS).
Power holding Inter RAO lost 1.17% on reports that its power output fell 1.6% on the year to 63.641 billion kilowatt-hours (kWh) in January–June and despite reports that its net profit soared about 94% on the year to 7.941 billion rubles in January–June, as calculated under Russian Accounting Standards (RAS).
Below are the MOEX Russia Index’s five most active stocks on Wednesday:
|Company||Change, %||Last price, rbl||Trading volume, bln rbl|
(62.9235 rubles – U.S. $1)