Russian Stock Market Slides on Oil Prices and Potential Sanctions Against Turkey

Strategic Insights -

The Russian stock market experienced a decline on Thursday, November 26, due to a combination of falling oil prices and the country's intention to impose economic restrictions on Turkey. The MICEX stock index closed the day with a 0.3% drop, while the RTS index declined by 0.5%. Several major Russian companies, including Aeroflot, Gazprom, and Sberbank, were among the decliners, with some stocks experiencing significant losses of up to 4.7%.

Key Takeaways:

  • The MICEX stock index closed at 1828.3, down 0.3% from the previous day.
  • The RTS index declined by 0.5% to 874.66.
  • Major Russian companies, such as Aeroflot (-2.7%), Gazprom (-0.6%), and Sberbank (-1.9%), were among the decliners.
  • Second-tier decliners included Novorossiysk Commercial Seaport (-4.7%) and TGK-1 (-1.7%).
  • Some companies, like Mediaholding (+8.1%) and Mechel (+4.6%), experienced significant gains.
  • Polymetal (+2.4%) and Sollers (+1.9%) also showed notable gains.
  • The combined trading volume on the main Moscow Exchange market was 28.498 billion rubles.

Statistics:

  • MICEX stock index closed at 1828.3, down 0.3% from the previous day.
  • RTS index declined by 0.5% to 874.66.
  • Trading volume on the main Moscow Exchange market was 28.498 billion rubles.
  • Sberbank ordinary shares traded 8.669 billion rubles.

Sources:

  • Interfax: MOSCOW. Nov. 26.