MOSCOW, Jan 11 (Reuters) - Russian stocks opened flat on Friday in
holiday-thinned trade and the rouble fell, tracking a slide in oil prices from
This weekend's Orthodox New Year holiday marks the end to a quiet trading
period that started on Jan. 1
'The lack of interest in Russia currently is one reason why Moscow's bourses
reacted with almost disinterest to positive economic indicators from China
yesterday,' Chris Weafer, chief strategist at Sberbank Research wrote in a
'It will be back to more normal business from Monday.'
At 0730 GMT, the dollar-denominated RTS index was 0.1 percent down
at 1,568.09 points, while its rouble-traded peer MICEX was unchanged at
1,507.02 points. The indexes had closed little changed on Thursday.
Trading volumes are around a third lower than their daily average.
Data from EPFR Global fund tracking showed that Russia-dedicated funds for
the week through to Wednesday recorded net inflows of $56 million.
'This was the first week of significant inflows into Russian equities since
the first week of October last year, however still very modest,' analyst at
Uralsib wrote in a note.
A drop in Brent oil prices on Thursday to below $112 per barrel
pushed the MICEX oil and gas index down 0.2 percent.
Shares in oil major Rosneft fell 0.5 percent.
Lower crude also hurt the rouble, which was down 0.2 percent versus the
dollar at 30.26 and 0.3 percent lower against the euro at 40.14 . It traded down 0.3 percent at 34.70 against the dollar-euro
basket the central bank uses as an exchange rate guideline.
Trading on the Russian debt market was also subdued, with the yield on
country's benchmark Eurobond maturing in 2030 stable at 2.77
Russian Latest Net Change % Change % Change on
MICEX 1507.02 -0.14 -0.01 7.47
RTS 1568.09 -3.31 -0.11 13.52
London ADRs 903.99 -1.88 -0.21 2.32
Emrg Mkt Indx 1076.11 -0.88 -0.08 1.98
MSCI Russia 832.61 -0.02 -0.00 3.11
Sberbank 98.64 0.23 0.23 6.13
VTB 0.06 0.00 1.23 4.35
Gazprom 148.09 0.49 0.33 3.05
LUKOIL 2008.90 0.40 0.02 0.43
Rostelecom 123.09 -0.91 -0.73 2.23
Dollar/Rouble 30.26 0.06 0.21 -0.50
Euro/Rouble 40.14 0.12 0.31 -0.29
Rouble basket 34.70 0.09 0.26 -0.39
DEBT Bid Ask %Rtn Coupon
Russia 10-yr 6.44 6.41 0.00 7.60
MONEY MARKET Bid Ask Close
Overnight 4.71 5.22 4.98
All data taken from Reuters at 0730 GMT
(Reporting by Lidia Kelly; Editing by John Stonestreet)
Keywords: RUSSIA MARKETS/
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