Russian Stocks Decline Following China's Interest Rate Hike

Russian stocks experienced a decline on Monday, with the MICEX index closing down 0.73% to 1,663.55 points and the RTS decreasing by 0.29% to 1,764.39 points. The decline was attributed to China's decision to raise interest rates, affecting various sectors, including energy and banking. The gas sector was an exception, with Gazprom and Novatek performing slightly better than the market.

Key Takeaways:

• The MICEX index closed down 0.73% to 1,663.55 points, while the RTS decreased by 0.29% to 1,764.39 points.
• VTB, Gazprom Neft, Lukoil, Polyus Gold, Rostelecom, Surgutneftegas, Tatneft, Sberbank Russia, and Rosneft experienced declines, with the largest percentage drop being Polyus Gold at 1.1%.
• The gas sector showed resilience, with Gazprom losing only 0.2% and Novatek gaining 0.1%.
• Advancers included RBC Information Systems, which rose 2.5%, Inter RAO UES, which was up 1.7%, Mosenergosbyt, which added 0.9%, and TGK-1, which gained 0.5%.
• Volume totaled $4.897 million on RTS Classica, $314.35 million on RTS Standard, and 16.798 billion rubles on MICEX.

Statistics:

• Total volume on RTS Classica: $4.897 million
• Total volume on RTS Standard: $314.35 million
• Total volume on MICEX: 16.798 billion rubles
• Decline of MICEX index: 0.73%
• Decline of RTS index: 0.29%
• Percentage drop of Polyus Gold: 1.1%
• Percentage drop of Gazprom: 0.2%
• Percentage gain of Novatek: 0.1%

Sources:

• Interfax (Dec 27)
• eng.editors@interfax.ru