Russian stocks mixed on oil prices fluctuations - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian stocks mixed on oil prices fluctuations

MOSCOW, May 4 (PRIME) -- The Russian stock market closed mixed on Thursday with the MOEX Russia Index decreasing and the RTS index rising after a speech by the U.S. Federal Reserve System (Fed) chairman triggered an upward oil price correction, but then the prices returned to a decrease, analysts said.

The MOEX Russia Index eased by 0.31% to 2,524.51, and the RTS index rose by 1.01% to 1,018.72.

"The external background was mixed on Thursday. The oil prices grew after a significant three-day decrease, while negative dynamics prevails on the global markets," Ivan Kapustyansky, analyst at managing company Pervaya, said.

The Fed raised the key rate by 0.25 percentage points and signaled a possible pause in further increases. The market reaction was mixed, but the prices for the Brent oil blend grew above U.S. $72 per barrel, the analyst said.

Dmitry Postolenko, head of managing company PervayaТs department for fixed income securities management, said that the positive trend was short-lived sinking the MOEX Russia Index.

Veles Capital analyst Yelena Kozhukhova said that corporate stories supported the Russian market.

Mechel returned to growth on media reports about a rise of Russian coking coal exports by 44% in JanuaryЦMarch thanks to high demand in China and India.

According to Kapustyansky, the metals, oil chemistry and consumer sector were the market leaders.

Aeroflot fell 2.76% on reports about cutting the number of flights on the national routes as state subsidies were reduced.

Acron closed flat after publishing a 64.3% net profit dive in JanuaryЦMarch, as calculated under Russian Accounting Standards, Kozhukhova said.

Below are the MOEX Russia IndexТ five most active stocks on Thursday:

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank +0.61 237.21 11.294
VTB -0.86 0.020775 3.671
Gazprom -0.19 172.55 3.207
Polyus +1.8 10505 2.598
Mechel +4.38 174.91 2.578

(79.3071 rubles Ц U.S. $1)

End

04.05.2023 19:16
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 102.2485 -0.1121 23 sep
USD 96.0419 -0.0343 23 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3049.07 +0.99 18:51 22 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 166.64 +0.48 23:14 22 sep
lkoh 6379.00 0.00 23:50 22 sep
rosn 508.00 -4.03 23:50 22 sep
sber 252.04 +0.75 23:14 22 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 102.0125 +0.6775 14:59 22 sep
USDTD 95.9450 0.0000 17:44 22 sep