Russian stocks fall amid Bashneft stake sale concerns
The total volume of stock trading calculated by the Moscow Exchange index for the day amounted to 84.17 billion rubles (of which 7.6 billion rubles were for Ozon shares, 6.99 billion rubles for Yandex.ru shares, and 6.92 billion rubles for Sberbank ordinary shares).
Consensus
- The MOEX index declined by 1.69% on August 13.
- The RTS index declined by 1.69% on the same day.
- Trading volume on the Moscow Exchange was higher than average for August.
- Bashneft's preferred shares fell by 7% on August 13.
- Bashneft's preferred shares had fallen the previous day by 8.5%.
- Bashkortostan plans to sell its remaining stake in Bashneft to Rosneft.
- The sale of the stake is expected to result in Rosneft gaining near-total control of Bashneft.
- The share price decline for Bashneft's preferred shares is attributed to the planned sale.
- The overall Russian stock market showed a downward trend on August 13.
- Investor sentiment toward Russian equities weakened in the first half of 2026.
Points of divergence
- The most active stocks on the Moscow Exchange were MKB shares, which rose by 7.58% to 11.32 rubles. — vedomosti
- Ordinary Bashneft shares showed only a 1% decline, consistent with the overall market trend. — interfax
- The sale of Bashkortostan's remaining stake in Bashneft would remove a key check on Rosneft’s control, potentially affecting dividend policy. — interfax
- Analysts from Solid Investments believe the sale is negative for preferred shareholders but neutral for ordinary shareholders. — interfax
- The share of Russian households' assets invested in Russian equities fell to 3.6% by July 1, 2026, the lowest since spring 2020. — vesti
- Household investments in Russian equities decreased by 1.2 trillion rubles in the first half of 2024, the largest drop since 2018. — vesti
- Net outflow from equities reached nearly 200 billion rubles in the first half of the year, the highest on record. — vesti
- In July, investors withdrew nearly 90 billion rubles from bond funds, the largest monthly outflow since 1998. — vesti
Coverage (6 sources)
- Russian stock market fell to 2230p on Thursday on Moscow Exchange index — Интерфакс
- Russian stock market confidently declines — Ведомости
- "Prefy" "Bashneft" fall for second day in a row on news background — Интерфакс
- Russian stock market closed down to 2300p on Moscow Exchange index awaiting new signals — Интерфакс
- Russian stock market shifted to decline — Ведомости
- Share of stocks in Russian assets fell to a minimum since 2020 — Вести