Russian stock market increases following global bourses
MOSCOW, Oct 11 (PRIME) -- The Russian stock market increased on Wednesday amid favorable global markets’ dynamics, corporate news, falling oil prices and the weakening ruble, analysts said.
The MOEX Russia Index rose 0.54% to 3,194.12 and the RTS increased 0.87% to 1,005.24.
“The Russian market rose on the back of declining oil and positive dynamics on global markets,” director of the stock market department at managing company Pervaya Anton Kravchenko said.
The Russian market was in a restrained plus by the end of the main trades due to the ruble dynamics and some corporate stories, Veles Capital analyst Yelena Kozhukhova said.
Polymetal shares performed the best on the market rising by 4.61% as the company reported the completion of the non-resident share buyout, under which it repurchased 8.8% of its voting shares, the analyst said.
Lukoil shares rose to their highest since January 2022 amid news from talks with the Iraqi Energy Ministry in Moscow. Lukoil's oil production at the West Qurna 2 field in Iraq is expected to grow to 800,000 barrels per day in the next few years.
Below are the MOEX Russia Index’ five most active stocks on Wednesday:
| Company | Change, % | Last price, rbl | Trading volume, bln rbl |
|---|---|---|---|
| Lukoil | +3 | 7,059 | 16.595 |
| Gazprom | +0.93 | 169.6 | 6.326 |
| Tatneft | -3.11 | 629.3 | 5.381 |
| Sberbank | +0.19 | 263.49 | 5.013 |
| Transneft | +1 | 141,500 | 2.838 |
(99.9349 rubles – U.S. $1)
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