Russian stocks mixed on lack of clues for movement, profit-taking

MOSCOW, Nov 10 (PRIME) -- The Russian stock market was trading neutrally during the day on Friday to close mixed amid profit-taking in some shares and a lack of material drivers, analysts said.

The MOEX Russia Index grew 0.07% to 3,242.06 and the RTS decreased 0.13% to 1,107.44.

“The Russian stock market stayed slightly lower closer to the end of the trading session on Friday, pressured by profit-taking in some shares and a lack of drivers for substantial movement,” Veles Broker analyst Yelena Kozhukhova said.

Foreign stock exchanges demonstrated no single dynamics, she added.

The U.S. and the European markets failed to break through their medium-term downward trends this week, and the Russian benchmarks followed them consolidating nor far from the local peaks with generally persisting prerequisites for growth in the next few session, Kozhukhova also said.

Management company Alfa-Capital’s senior trader Vladislav Silayev said that the end of the week and a neutral foreign background forced the local market to be drifting ahead of the weekend.

He added that TCS Group’s willingness to redomiciliate from Cyprus was among the most noticeable corporate news.

Below are the MOEX Russia Index’s five most active stocks on Friday:

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Mechel	+3.45	319.03	18.401
Sberbank	+1.21	280	11.187
Rosneft	+2.97	600.4	5.154
Mechel, prefs	+3.52	348.05	3.174
Lukoil	+0.4	7289	3.143

(91.9266 rubles – U.S. $1)

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