Russian stocks pushed down by crude price fluctuations

MOSCOW, Sep 9 (PRIME) -- The Russian stock market fluctuated during the day following crude prices on Monday, to close lower, analysts said.

The MOEX Russia Index slid 0.39% to 2,786.63 and the RTS eased 1,340% to 1,340.14.

“The Russian stock market opened higher on Monday… but reversed downwards later in the day thanks to a fall in crude prices from local highs. The MOEX Russia Index looked weaker in light of the strengthening ruble,” BCS Broker expert Dmitry Babin said.

In the second part of the session, the local benchmarks bounced back to grow following crude and Western exchanges, but failed to move to the green territory, he added.

Preferred shares of oil and gas company Surgutneftegas were among the biggest losers falling 2.55% to 34.570 rubles on correction after a rally at the beginning of September.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-0.01	229	5.222
Gazprom	+0.15	234.85	3.899
Norilsk Nickel	-1.59	15940	2.799
Lukoil	-0.48	5500	2.164
Rosneft	+0.24	423.9	1.023

(65.9981 rubles – U.S. $1)

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