Russia increases with global stocks, backed by oil, ruble rise

MOSCOW, Aug 27 (PRIME) -- Russian stocks increased on Thursday for a second day in a row, supported by global trading floors and the rising oil price and the ruble, analysts said.

The MICEX rose 2.06% to 1,695.22 and the RTS jumped 6.66% to 804.86.

“Panic on the global markets ceased in the last two days of trading helped the RTS to break through 800 points. Stronger oil was an additional factor which supported the national market. At the same time, shares of non-oil exporters lagged behind on the back of strengthening ruble,” Alexander Kostyukov, analyst at Veles Capital, said.

Fertilizer exporter Acron decreased 2.49% to 2,707 rubles, while another fertilizer maker, Uralkali, fell 2.05% to 205.05 rubles and metals company NLMK decreased 1.15% to 78.2 rubles.

Oil companies rose higher than other stocks, Sofya Kirsanova, analyst at Raiffeisen Capital, said.

Tatneft added 4.78% to 306 rubles after publishing strong financial results for April–June, as the company’s revenue rose 22% on the year and the net debt fell more than 75%, Kirasnova said.

The stock market was also supported by the financial sector, the analyst said. The Moscow Exchange rose 3.26% to 73.42 rubles, while national top lender Sberbank increased 3.94% to 73.8 rubles, supported by the ruble.

Power utility InterRao rose 4.63% to 1.1175 rubles on strong financial results for January–June and a higher forecast of 2015 earnings before interest, tax, depreciation and amortization, Kirsanova said.

Below are the MICEX’ five most active stocks on Thursday:

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+3.94	73.80	11.188
Gazprom	+2.91	144.60	4.678
Lukoil	+2.90	2424.00	3.351
Norilsk Nickel	+0.79	10371.00	2.298
Surgutneftegas pref	+1.33	40.30	1.986

(69.3142 rubles – U.S. $1)

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