Russian stocks grow in line with oil, ruble, foreign floors

MOSCOW, Sep 19 (PRIME) -- Russian stocks increased on Wednesday amid a resumed oil price growth, a stronger ruble, and a favorable foreign background, analysts said.

The MOEX Russia Index grew 0.08% to 2,404.42, and the RTS increased 0.99% to 1,134.10.

“The Russian stock indices demonstrated first signs of correction on Wednesday, deviating from intraday highs. The ruble was stable receiving support both from higher interest rates and the central bank’s intention to suspend currency purchases until the end of this year. The foreign background remains stable,” Veles Broker analyst Yelena Kozhukhova said.

Trading in the U.S. started with growth of main indices, and moderately optimistic moods were seen on European floors.

Oil quotations resumed growth by the end of trading day in Russia and were adding 0.1-0.8% after neutral dynamics during the day.

Metals and mining company Mechel and fertilizer producer Uralkali were among growth leaders, adding 11.93% and 8.41%, respectively.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+1.17	193.90	11.766
Gazprom	+0.2	157.39	6.875
Lukoil	+0.73	4719.00	2.869
Norilsk Nickel	+0.55	11651.00	2.637
Novatek	-2.15	1115.30	1.680

(67.7519 rubles – U.S. $1)

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