Russian stock market increases on SPIEF statements

MOSCOW, Jun 19 (PRIME) -- The Russian stock market increased on Monday amid some statements made at the St. Petersburg International Economic Forum (SPIEF), which ended June 17, analysts said.

The MOEX Russia Index rose 0.51% to 2,815.07 and the RTS increased 0.65% to 1,054.31.

“The market participants were wagering on important statements made at the St. Petersburg International Economic Forum, which ended last weekend,” Natalya Milchakova, leading analyst at Freedom Finance Global, said.

The analyst also said that corporate news, in particular the cancellation of an annual general meeting of Tatneft shareholders due to the lack of quorum, restrained the activity of buyers.

According to Anton Kravchenko, head of Pervaya’s stock department, today's dynamics can hardly be called a confident growth, rather a consolidation near the annual highs in the absence of significant drivers for growth.

Investors continue to buy back shares on the dividends received, he added.

The leaders of the growth were TMK shares again (+19.66%) amid the news about a major contract with Gazprom.

Qiwi depositary receipts (-3.42%) were among the outsiders on the background of the forthcoming business restructuring.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Magnit	+0.28	4910	12.923
Sberbank	-0.53	242.58	6.599
Severstal	+6.63	1144.8	4.471
Gazprom	+0.46	170.65	3.721
Lukoil	-0.61	5228.5	3.66

(83.6498 rubles – U.S. $1)

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