Foreign Markets

Stock market in Russia slumped on Tuesday, 06 April 2021, on rising geopolitical tensions after NATO raised alarm over Russian military build-up near eastern Ukraine. Meanwhile, Russia said the military movements near the border posed no threat to Ukraine or anyone else and that a serious escalation in the conflict in Ukraine's Donbass region could destroy the country.

At closing bell of Main trading session, the 30-stock Micex Index decreased 0.88% to finish at 3,493.89. The market moved in range of 3541.04 - 3484.84. The turnover in main Micex Index was at 90.20 billion Russian Rubles. The RTS Index slumped 2.08% to 1426.86.

Actively traded shares include Rosneft oil, Norilsk Nickel, Lukoil, Sberbank, Gazprom RusHydro, MTS, Tatneft and Surgutneftegas.

The sectoral markets closed mostly lower. Among them, Micex Oil and Gas decreased 1.43% to 8,165.81. The Micex Consumer and Retail index fell 0.98% to 8,954.74. The Micex Metals and Mining Sector Index increased 0.72% to 10,707.75. Micex Electric utilities index gave up 0.75% to 2,222.83, Micex Financial index fell 1.03% to 11,193.57. Micex Telecoms Index weaken 0.08% to 2,296.06.

Among gainers, ADR Head Hunter Group gained 4.96% to 2,825, Polus increased 3.54% to 14,361.5. Polymetal International step up 2.7% to 1,532.7 while Petropavlovsk added 2.42% to 26.89.

Among losers, VTB tumbled 3.32% to 0.04, while Magnit gave up 2.74% to 5,110.5. Surgut eased 2.7% to 34.9. Sberbank lost 2.52% to 281.5.

In the currency market, the Russian Ruble appreciated on Tuesday. At the close, USD/RUB was quoted at 76.3802 from 76.6052.

On the economic front, the annual inflation rate in Russia rose to 5.8% in March of 2021 from 5.7% in the previous month, well above the central bank's 4% target. It was the highest inflation rate since November 2016, with main upward pressure coming from food that gained 7.6%, non-food products added 5.9% and services rose 3.2%. On a monthly basis, consumer prices went up 0.7%, following a 0.8% gain in February and compare to forecasts of a 0.6% rise.

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