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Russian stocks mixed on oil price fall, growing foreign markets

MOSCOW, Aug 13 (PRIME) -- The Russian stock market closed with a mixed dynamics on Friday after four sessions of slight growth because the oil prices fell, but foreign markets increased, analysts said.

The MOEX Russia Index fell by 0.41% to 3,873.00, and the RTS index grew by 0.05% to 1,666.44

"Investors unsurprisingly took profit on Friday after four days of growth. The session began with a decrease of the MOEX Russia Index, which had managed for a moment to rise to 3,895.05. But the desire to take profit prevailed. An attempt to exceed 3,900 failed," Andrei Kochetkov, leading analyst for global research at Otkritie Broker, said.

"The external background was positive but the Russian market lives its own life," he said.

Veles Capital analyst Yelena Kozhukhova said that the Brent and WTI futures lost about 0.5%. The European markets were moderately positive with Euro Stoxx 50 growing by 0.2%. The U.S. futures traded neutrally with the S&P 500 futures adding 0.1%.

Magnit fell on the news that its employees obstructed an investigation by antitrust, she said.

Bashneft's preferrred shares increased 6.26% after the company published a solid financial report for January–June. ALROSA's figures for April–June were also better than expected but the shares did not rise, Kozhukhova said.

Kochetkov said that the oil and gas sector fell in line with the oil prices. Yandex sagged 0.32% on the news that the company discontinued talks about acquisition of Azbuka Vkusa.

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

Таблица без названия
Company Change, % Last price, rbl Trading volume, bln rbl
Gazprom -0.14 292.83 6.128
Sberbank -0.02 328.49 5.870
Magnit -0.23 5525 4.551
ALROSA -2.29 135.05 4.121
Lukoil -1.35 6416.5 3.556

(73.5671 – U.S. $1)

End

13.08.2021 19:15