Russian stocks close flat on firming oil prices - News Archive - 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 close flat on firming oil prices

MOSCOW, Jan 26 (PRIME) -- The Russian stock market closed nearly unchanged on Thursday supported by firming oil prices, analysts said.

The MOEX Russia Index decreased 0.15% to 2,166.92, and the RTS index fell 0.12% to 985.85.

"The Russian market started Thursday with gains… The MOEX Russia Index gradually shifted to marginal dynamics on the absence of significant drivers with support at 2,145 and resistance at 2,229," Dmitry Postolenko, head of managing company Pervaya’s department for fixed income securities management, said.

The Brent prices added about 0.4% by the middle of the Russian session to U.S. $86 per barrel. According to Postolenko, the failure to return to a short-term positive trend may be caused by holidays in China, as hopes for growing oil demand are revolving around acceleration of the Chinese economy.

But a report of the U.S. Department of Energy signaling a smaller than expected growth of oil reserves, supported the prices.

According to Postolenko, the gold producers were the gain leaders, while the IT sector was the outsider of the session.

Freedom Finance Global analyst Vladimir Chernov said that retailer Fix Price grew 0.85% after publishing a financial report for October–December 2022 and announcing a restart of dividend payments.

Veles Capital analyst Yelena Kozhukhova said that Mechel grew 2.75% and reached a peak since January 5 on hopes that a high demand in Asia remains.

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

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank -0.66 151.8 6.304
Polyus +1.31 8682 3.105
Polymetal +3.43 467.4 2.989
Gazprom -1.1 157.24 1.761
Lukoil -0.42 3907 1.191

(68.9573 rubles – U.S. $1)

End

26.01.2023 19:17
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 100.4425 +0.5457 23 feb
USD 92.7519 +0.3132 23 feb
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3142.30 +0.09 18:51 22 feb
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 158.12 -0.33 23:50 22 feb
lkoh 6990.50 0.00 23:50 22 feb
rosn 562.35 0.00 23:50 22 feb
sber 284.77 +0.98 23:50 22 feb
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 100.0350 +0.2775 14:59 22 feb
USDTD 95.9875 +3.6575 17:44 22 feb