Russian stocks edge up in recovery attempts, growth restrained

MOSCOW, Jan 25 (PRIME) -- The Russian stock market tried to recover on Tuesday after a significant decrease in the past week, but sales resumed in the evening in light of a worsening foreign background, analysts said.

The MOEX Russia Index grew 0.73% to 3,258.74 and the RTS increased 0.67% to 1,296.80.

“The Russian stock market was trying to recover on Tuesday, but the external background worsened close to the end of the trading session, and sales resumed,” senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said.

Local stocks were pressured by the situation on Western bourses with the European indices losing around 0.1% and the core U.S. benchmarks Dow Jones and S&P500 falling by 2% and 2.6%, respectively, in the first thirty minutes of trading, he added.

PSB Bank senior analyst Yegor Zhilnikov said that the realty construction sector demonstrated dramatic performance. Realty developer Samolet jumped by 11.54% on the news it can possibly buy back 3 billion rubles of shares, while its peer PIK Group slid by 10.41% to its lowest since April 2021.

The energy sector ignored an around 0.9% rise of oil prices and looked uncertain. Oil company Lukoil grew by 0.94% and independent gas producer Novatek decreased by 1.12%. Oil major Rosneft dove by 3.04% due to technical reasons, Zhilnikov added.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-2.22	231.7	45.729
Gazprom	-0.08	294.34	35.295
Lukoil	+0.94	6352	11.317
Yandex	-2.82	3250.8	8.302
Norilsk Nickel	-1.2	20996	8.025

(77.3649 rubles – U.S. $1)

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