Russian stocks grow backed by foreign optimism

MOSCOW, Dec 1 (PRIME) -- Russian stocks increased on Tuesday amid optimistic sentiment on global floors, analysts said.

The MOEX Russia Index rose 1.29% to 3,147.79 and the RTS increased 2.27% to 1,311.05.

“The MOEX Russia Index and the RTS remained in a steady plus by the end of trading amid optimistic moods abroad,” Veles Capital analyst Yelena Kozhukhova said.

The foreign background was moderately positive. Trading in the U.S. started with growth of three main indices, which were adding 1.1–1.4% by the end of the Russian session. Positive moods prevailed on European floors.

The nearest futures for Brent and WTI oil failed to remain in plus by the evening and were losing around 1% amid uncertainty over the future of the OPEC+ deal.

Gold producer Petropavlovsk was among growth leaders, jumping by 9.4% on appointment of Denis Aleksandrov as the company’s CEO. Precious metals producer Polymetal and gold producer Seligdar added 4.52% and 4.57%, respectively.

Multi-industry holding Sistema lost 1.61%. Shares of children goods retailer Detsky Mir fell 1.28% after jumping on Monday on reports about Altus Capital’s intention to buy up to 29.9% in the retailer.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+3.71	258.90	30.933
Gazprom	+1.4	184.43	11.412
Norilsk Nickel	+1.82	21866.00	7.859
Lukoil	-0.34	5046.00	7.201
Yandex	-0.21	5266.80	6.053

(76.1999 rubles – U.S. $1)

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