MOSCOW, Jun 29 (PRIME) -- The Russian stock market edged up at the beginning of the trading session on Monday, but managed to win back most of the losses by the evening following the dynamics of crude prices and global stock exchanges to close mixed, analysts said.
The MOEX Russia Index grew 0.22% to 2,767.95 and the RTS fell 0.56% to 1,239.81.
“The Russian stock market has managed to recoup most of its losses by Monday evening after the morning decrease thanks to improving external environment. The domestic market was supported by recovery of the energy market with the nearest Brent oil futures… advancing to around U.S. $41.1 per barrel,” senior analyst at Promsvyazbank Bogdan Zvarich said.
He added that the purchases in local shares were also backed by positive dynamics of Western bourses. European benchmarks grew by up to 1.3%, and the major U.S. indices Dow Jones and S&P500 added 1.6% and 0.8%, respectively.
Veles Broker analyst Yelena Kozhukhova said that precious metals producers Polymetal International and Polyus remained safety assets thanks to strong global prices for gold.
Power producer WGC-2 outperformed the market adding 2.86% after its shareholders approved dividends for 2019 at 5.44 kopecks per share, she also said.
Metals giant Norilsk Nickel was among the biggest losers falling 3% on the news that the Investigative Committee started checks of information about dumping technological wastes into the tundra zone by the company’s Talnakh concentrator plant.
Below are the MOEX Russia Index’s five most active stocks on Monday:
| Company | Change, % | Last price, rbl | Trading volume, bln rbl |
|---|---|---|---|
| Norilsk Nickel | -3.0 | 19 088 | 8.449 |
| Gazprom | +2.4 | 197.64 | 8.374 |
| Sberbank | +1.11 | 205.4 | 8.259 |
| Lukoil | -0.22 | 5 310 | 4.938 |
| Aeroflot | +3.93 | 82.5 | 2.602 |
(69.1284 rubles – U.S. $1)
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