Russian stocks rise on higher sovereign rating, positive environ - All News - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian stocks rise on higher sovereign rating, positive environ

MOSCOW, Feb 11 (PRIME) -- The Russian stock market edged up on Monday as investors welcomed the upgrade of RussiaТs sovereign rating to the investment grade from a junk grade by international rating agency MoodyТs and European floorsТ positivity, analysts said.

The MOEX Russia Index grew 0.30% to 2,510.22 and the RTS rose 0.14% to 1,201.33.

УThe decision of MoodyТs agency to upgrade RussiaТs sovereign rating to the Baa3 investment grade was highly acclaimed by local traders. They even ignored the fact that U.S. legislators plan to consider new anti-Russian restrictions already on Tuesday,Ф Otkritie Broker analyst Andrei Kochetkov said.

Senior analyst at Promsvyazbank Bogdan Zvarich said that the domestic market was also supported by a positive environment on the European stock exchanges, but was pressured by decreasing crude prices with the Brent price seen more than 1% lower at around U.S. $60Ц63 per barrel.

Stocks of RussiaТs two largest lenders Sberbank and VTB Bank were among the top gainers adding 1.7% to 214 rubles and 1.27% to 0.0376 rubles, respectively.

Below are the MOEX Russia IndexТs five most active stocks on Monday:

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank +1.7 214 10.600
Gazprom +0.93 161.29 3.084
Lukoil +0.62 5419.5 2.305
Rosneft -0.27 410.5 1.439
Norilsk Nickel -0.22 13702 1.252

(66.0628 rubles Ц U.S. $1)

End

11.02.2019 19:37
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 74.9055 -0.3437 19 feb
USD 66.2470 -0.4574 19 feb
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1177.04 -0.04 18:50 18 feb
micex 2472.41 -0.71 18:50 18 feb
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 156.43 -1.64 18:49 18 feb
lkoh 5483.50 +1.06 18:48 18 feb
rosn 405.00 +0.37 18:49 18 feb
sber 204.19 -1.83 18:49 18 feb
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 74.9475 -0.2325 14:59 18 feb
USDTD 66.5875 -0.3200 17:44 15 feb