Russian stocks mixed on ruble pressure, rising oil price

MOSCOW, Sep 10 (PRIME) -- The MOEX Russia Index grew on Monday on rising oil prices, while the RTS Index decreased as the ruble fell, analysts said.

The MOEX Russia Index increased 0.60% to 2,235.85 and the RTS Index fell 0.67% to 1,043.46.

“On Monday, the leading stock market indices demonstrate mixed dynamics. The RTS falls 0.5% under the pressure of the currency exchange factor, which at the same time supports the MOEX Russia Index,” Igor Kovalyov, an analyst at InstaForex group of companies, said.

“A moderately positive external background holds back negative trends, with the European floors on the positive territory, and with small gains of oil quotations.”

Forex Club analyst Ivan Marchena said that besides the emerging markets capital outflow, the ruble was under attack as investors were waiting for a central bank’s decision on the key rate later on the week.

Kovalyov said that Sberbank decreased as the bank is sensitive to the sanctions-related rhetoric.

According to Kovalyov, later in the week, Russian investors will be tracking statements by the U.S. authorities on the technical aspects of the future sanctions.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-2.11	171.21	13.362
Gazprom	+1.31	150.75	2.790
Sberbank pref	-2.25	148.36	2.046
Lukoil	+1.42	4688.5	1.933
ALROSA	+2.18	104.34	1.690

(69.0286 rubles – U.S. $1)

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