Sign in Subscribe
Stock prices

Russian Stock Markets Slide on Lower Oil Prices

Strategic Insights

— 1 min read

Russian stock markets experienced a decline on Wednesday, driven by lower oil prices, despite gains on European and Wall Street markets due to anticipation of a resolution to the Greek debt situation. The MICEX stock index closed down 0.9% at 1639.7, while the RTS index fell 1% to 930.66. The Moscow Exchange (MOEX) saw ruble-priced gainers and decliners, with various Russian companies experiencing fluctuations in their stock prices.

Key Takeaways:

  • The MICEX stock index closed down 0.9% at 1639.7, while the RTS index fell 1% to 930.66.
  • Ruble-priced gainers included VTB (-2.3%), Gazprom (-0.2%), Lukoil (-1.7%), and MMC Norilsk Nickel (-3%).
  • Sberbank (-1.9%), Surgutneftegas (-1.4%), and Tatneft (-0.6%) were among the decliners.
  • FGC UES (+3%), Mechel (+2.2%), and Tatneft prefs (+1%) experienced gains in the market.
  • Combined trading volume on the main Moscow Exchange market was 25.085 billion rubles, with 7.27 billion rubles in Sberbank ordinary shares.

Statistics:

  • The MICEX stock index closed down 0.9%.
  • The RTS index fell 1% to 930.66.
  • Combined trading volume on the main Moscow Exchange market was 25.085 billion rubles.
  • 7.27 billion rubles were traded in Sberbank ordinary shares.
  • VTB gained -2.3%, while Lukoil lost -1.7%.

Sources:

  • Interfax, "Russian stock market slid on lower oil prices on Wednesday", July 1. [1]
  • Moscow Exchange (MOEX), Mikhail Golovanov.
  • eng.editors@interfax.ru

Read more