MOSCOW, Nov 19 (PRIME) -- Russian stocks closed higher on Tuesday backed by corporate reports, but their growth slowed by the end of the day amid worsening of the foreign background, analysts said.
The MOEX Russia Index rose 0.59% to 2,941.69 and the RTS increased 0.60% to 1,451.64.
“The MOEX Russia Index and the RTS Index remained in a symbolic plus by the end of trading on Tuesday, but deviated from the day’s highs amid worsening moods abroad,” Veles Capital analyst Yelena Kozhukhova said.
Trading in the U.S. started with growth of three main indices, which were trading mixed by the end of the Russian session. Trading in Europe was on a neutral note.
Oil prices remained in minus by the end of the day and accelerated the decline, losing around 1.5–2%.
Multi-industry holding Sistema and Federal Grid Company of Unified Energy Systems (FGC UES) were among growth leaders, adding 4.47% and 3.7%, respectively. Sistema’s shares rose on news about the ongoing share buyback, while FGC UES reported a 19% increase in January–September net profit calculated under International Financial Reporting Standards (IFRS).
Mobile operator MTS gained 2.71% after reporting IFRS net profit of 18.4 billion rubles in July–September against a net loss of 37 billion rubles in the same period of 2018.
Power holding Inter RAO and metals and mining group Mechel’s common shares were among outsiders, losing 1.05% and 0.82%, respectively.
Below are the MOEX Russia Index’s five most active stocks on Tuesday:
| Company | Change, % | Last price, rbl | Trading volume, bln rbl |
|---|---|---|---|
| Gazprom | +0.76 | 248.01 | 16.311 |
| Sberbank | +0.76 | 239.25 | 6.958 |
| Yandex | -0.6 | 2510.00 | 3.842 |
| Norilsk Nickel | +1.35 | 17592.00 | 3.335 |
| Lukoil | +0.21 | 6090.00 | 3.271 |
(63.7542 rubles – U.S. $1)
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