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. Last Updated: 07/27/2016

Shares Ease With World Markets




Shares finished a touch softer Friday under pressure from easing world markets, traders and analysts said.


The dollar-denominated Moscow Times Index of 50 leading shares dropped 2.28 percent to 63.33 on volume of $5.97 million.


The key RTS1-Interfax index resumed a recent downward trend, broken for the previous two days, and slipped 0.88 percent to close at 84.20 on volume of $4.8 million.


The broader Reuters Russian composite was down further, off 3 percent at 357.77.


"The market has had a tough last couple of weeks," said Nancy Herring, director of research at Regent European Securities.


"We've slipped through several support levels and now it is looking for some place to claw up from."


She blamed the renewed downward trend on pressure from other world markets.


"The U.S. was down yesterday, Asia this morning and Europe today ...


"It's just not possible for our market to fight that," she said.