Russian stocks advance thanks to oil price, foreign markets rise

MOSCOW, Jan 11 (PRIME) -- The Russian stock market edged up on Tuesday thanks to a generally positive external background, analysts said.

The MOEX Russia Index grew 1.25% to 3,785.29 and the RTS increased 1.93% to 1,595.45.

“The MOEX Russia and the RTS indices were consolidating above the support lines of 3,735 and 1,585, respectively, at the end of the main trading session. The market is demonstrating positive signals for the nearest future,” Veles Broker analyst Yelena Kozhukhova said.

Global stock markets, except for the U.S., were trading mainly optimistically, supporting the Russian stock exchanges, and the nearest Brent and WTI oil futures tried to accelerate growth ahead of the upcoming statistic data publication by the U.S. Energy Department, she added.

Freedom Finance analysts said that IT giant Yandex, realty developer LSR and aluminum miner ALROSA were among the top gainers.

Yandex surged 3.59% on positive news about legislation for future self-driving taxis, LSR jumped by 9.18% after decreasing prices for newly built apartments, and ALROSA added 2.86% without any fundamental reasons.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-0.62	289.87	15.143
Gazprom	-0.52	342.22	12.571
Norilsk Nickel	+0.82	23700	9.315
Yandex	+3.59	4347	6.085
Lukoil	-0.07	6770	5.472

(75.1315 – U.S. $1)

End