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|
(67.3963 rubles Ц U.S. $1)