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Russian stocks mixed on high oil price, falling ruble

MOSCOW, Aug 28 (PRIME) -- The MOEX Russia Index grew on Tuesday on the back of a high oil price and a U.S.ЦMexico trade agreement, while the RTS index fell as the ruble declined against the U.S. dollar and the euro, analysts said.

The MOEX Russia Index grew 0.14% to 2,316.28 and the RTS index decreased 0.54% to 1,078.28.

УThe leading indices are consolidating after reaching a shaky balance. On the one hand, a nice external background, where trade agreements between the U.S. and Mexico came in handy, prevents a dip,Ф Igor Kovalyov, an analyst at InstaForex group of companies, said.

УOn the other hand, investors continue to evaluate the possibility of introduction of a more aggressive set of sanctions in November, and this does not allow optimism to set in fully in spite of high oil prices and interest to the market as a whole.Ф

Otkritie Broker analyst Andrei Kochetkov said that metals and fertilizer producers were the market drivers, rising to a significant extent on cancellation of a plan to pay their surplus income to state coffers.

Gazprom increased on expectations of a solid report for JanuaryЦJune under International Financial Reporting Standards (IFRS). Aeroflot grew 0.33% on expectations that passenger traffic has surged, Kochetkov said.

Below are the MOEX Russia IndexТs five most active stocks on Tuesday:

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank -0.69 182 9.066
Norilsk Nickel +1.61 11250 3.137
Gazprom +0.75 145.6 2.862
Lukoil +0.23 4587.5 1.855
Novatek -0.28 1067 1.185

(67.3963 rubles Ц U.S. $1)


28.08.2018 19:08
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