Russian stocks edge up following external markets, oil prices

MOSCOW, Oct 5 (PRIME) -- The Russian stock market consolidated in the negative territory during the day, but managed to bounce back and close higher on Monday thanks to an improving global environment and rising risk appetites, analysts said.

The MOEX Russia Index grew 1.04% to 2,881.98 and the RTS rose 0.85% to 1,157.86.

“The MOEX Russia Index and the RTS index managed to enter the positive territory by the end of the trading session following an improving external background, despite mixed dynamics seen during the day,” Veles Broker analyst Yelena Kozhukhova said.

BCS expert Dmitry Babin said that global investors’ risk appetites rose after U.S. President Donald Trump’s doctors had said he would soon recover from the coronavirus disease.

The shares of the Moscow Exchange hit another record high adding 3.83% after publication of operating data for September demonstrating a 27.8% rise in the bourse’s trade volume, Kozhukhova added.

Oil company Tatneft and other crude producers corrected upwards after a previous fall thanks to rising oil prices, she also said.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	0	208.79	9.087
Norilsk Nickel	+2.12	19240	5.815
Gazprom	+0.28	169.95	5.814
Lukoil	+2.17	4474	5.152
Moscow Exchange	+3.83	153.77	4.691

(78.0915 rubles – U.S. $1)

End