Russian stocks edge up despite low investor activity

MOSCOW, Jul 5 (PRIME) -- The Russian stock market edged up on Monday amid a relatively low investor activity and strong oil prices, analysts said.

The MOEX Russia Index grew 0.44% to 3,882.59 and the RTS increased 0.29% to 1,664.55.

“The (global) trading activity was expectedly low, because it is a day-off in the U.S., including the stock market,” Freedom Finance analyst Alexander Osin said.

He added that oil prices were determined by news about the OPEC+ alliance’s meeting, which was to discuss the future of the oil output reduction agreement beyond July.

The Brent oil price grew 1% to U.S. $76.9 per barrel.

Power producer Enel Russia, TCS Group, which includes Tinkoff Bank, and financial group Safmar were among the best performers, all adding around 3%.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Gazprom	+1.13	288.88	8.414
Sberbank	-0.07	307.18	4.727
Norilsk Nickel	-0.57	24872	3.873
VTB Bank	+2.85	0.05016	2.461
Lukoil	-0.44	6819	2.413

(73.6175 rubles – U.S. $1)

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