MOSCOW, Apr 9 (PRIME) -- The Russian stock market consolidated in the positive territory on Tuesday thanks to reducing sanctions risks, analysts said.
The MOEX Russia Index grew 0.40% to 2,570.28 and the RTS rose 0.66% to 1,248.38.
“The unexpected ‘fatigue’ of U.S. Congress from anti-Russian sanctions still supports the domestic stock market. (Top lender) Sberbank stock was the key indicator on an improved sentiment,” Otkritie Broker analyst Andrei Kochetkov said.
Sberbank added 2.45% to 238 rubles thanks to softening external risks and expectation of high dividend payments, he added.
Gas giant Gazprom rose 1.37% to 162.7 rubles on the news its Nord Stream-2 gas pipeline to Europe is 40% completed.
Oil companies demonstrated a decline as investors see oil futures as overbought, Kochetkov also said. Lukoil slid 1.54% to 5,736 rubles and Rosneft lost 1.19% to 415.9 rubles.
Power company Enel Russia dropped 1.28% to 516.8 rubles after Kommersant business daily had reported that Australian investment fund Macquarie plans to sell its entire 6.3% stake in the company until the end of 2019 in line with plans to leave the country altogether.
Below are the MOEX Russia Index’s five most active stocks on Tuesday:
| Company | Change, % | Last price, rbl | Trading volume, bln rbl |
|---|---|---|---|
| Sberbank, common | +2.45 | 238 | 27.785 |
| Gazprom | +1.37 | 162.7 | 6.512 |
| Lukoil | -1.54 | 5736 | 6.136 |
| Sberbank, preferred | +2.03 | 205.7 | 1.917 |
| Norilsk Nickel | +0.36 | 14400 | 1.888 |
(65.3498 rubles – U.S. $1)
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