Russian stocks close mixed amid controversial foreign background

MOSCOW, Jul 26 (PRIME) -- The Russian stock market closed mixed on Tuesday thanks to a controversial foreign background with sales on the European and U.S. bourses and rising crude, analysts said.

The MOEX Russia Index grew 2.98% to 2,192.42 and the RTS decreased 1.68% to 1,136.02.

“The MOEX Russia Index has managed to break through the support line of 2,150 thanks to optimism in some shares, but remained within the short-term range of 2,000­–2,280. Strong purchases were again seen in the high-tech segment, and gold producers have started a correction bounce-back,” Veles Broker analyst Yelena Kozhukhova said.

Technological companies including IT giant Yandex, marketplace Ozon and internet company VK Group were among the best performers. Yandex surged 8.26% on the news that its adjusted net income had soared to 13.134 billion rubles in April–June from 1.012 billion rubles in the same period of 2021.

Kozhukhova added that sales prevailed on foreign stock exchanges in light of the risks that the economic situation in Europe and the U.S. can worsen. Europe is at the edge of an energy crisis, and the key rate is to be increased in the U.S. on Wednesday.

PSB Bank senior analyst Yegor Zhilnikov said that investors’ interest in the Russian stock market increased on Tuesday thanks to the weakening ruble, strengthening crude prices, and local corporate news.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+1.1	132.9	6.674
Yandex	+8.26	2136	5.950
Gazprom	+1.02	193.95	3.865
Norilsk Nickel	+7.14	15850	2.660
Lukoil	+4.25	3825	2.037

(57.7821 rubles – U.S. $1)

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