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

MOSCOW, Jun 18 (PRIME) -- Russian stocks increased on Tuesday backed by positive dynamics on global floors, growing oil prices, and the ruble’s strengthening, analysts said.

The MOEX Russia Index rose 1% to 2,761.69 and the RTS gained 1.37% to 1,359.23.

“The MOEX Russia Index and the RTS Index entered a steady plus by the end of trading on Tuesday following the improvement of sentiment on global floors,” Veles Broker analyst Yelena Kozhukhova said.

Trading on the U.S. stock floors started with an increase of three main indices, which were adding 1.2–1.8% by the end of the Russian session, receiving support from President Donald Trump saying he had positive phone talks with his Chinese counterpart Xi Jinping.

Trading in Europe was also on a positive note as President of the European Central Bank Mario Draghi said he did not rule out a reduction of interest rates and other measures to stimulate the economy if they are necessary, Kozhukhova said.

Oil quotations were adding around 3–4%.

Power grid holding Rosseti and multi-industry holding Sistema were among growth leaders, rising 5.03% and 3.09%, respectively. Steelmaker Novolipetsk Steel (NLMK) was among outsiders, losing 3.55% on a dividend gap. Metals and mining company Mechel’s common shares fell 1.17%.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+1.68	241.80	11.706
Gazprom	+1.01	232.13	7.422
Lukoil	+0.77	5230.00	4.866
Norilsk Nickel	+1.68	14750.00	2.156
Rosneft	+0.88	411.70	1.890

(64.3187 rubles – U.S. $1)

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