MOSCOW, Mar 27 (PRIME) -- The Russian stock market increased on Monday amid positive 2022 financial results of some Russian companies, news on dividends and supportive external background, analysts said.
The MOEX Russia Index rose 2.06% to 2,440.68 and the RTS increased 2.47% to 1,001.94.
“We attribute the optimism of stock exchange bulls to the successful resolution of the situation with troubled banks in the U.S.: the bankrupt SVB is being bought by a competing financial institution,” Freedom Finance Global’s Senior Analyst Natalya Milchakova said.
The news about dividends and strong financial results of companies for 2022 is another positive factor, she added.
According to Veles Capital analyst Yelena Kozhukhova, the Russian stock market renewed local peaks getting support from internal drivers and improving external sentiment.
The ruble was strengthening against the dollar, euro and yuan on the Moscow Exchange. “The Russian ruble is entering the last week of the month and, therefore, could receive support from the tax period,” the analyst also said.
Aeroflot shares showed the highest growth by the end of the session as investors expect news on dividends from the board of directors on Tuesday.
TMK shares hit their highest since September 2021 on expectations of the announcement of the final dividend for 2022, Kozhukhova said.
Globaltrans receipts showed the largest decrease. Though the company published strong financial results for 2022, Globaltrans decided against dividends over technical problems.
Below are the MOEX Russia Index’ five most active stocks on Monday:
| Company | Change, % | Last price, rbl | Trading volume, bln rbl |
|---|---|---|---|
| Sberbank | +2.81 | 209.29 | 13.855 |
| Gazprom | +1.93 | 172.3 | 4.967 |
| Aeroflot | +9.49 | 32.42 | 3.233 |
| Surgutneftegas | +5.57 | 31.46 | 1.973 |
| Lukoil | +2.35 | 4305.5 | 1.951 |
(76.4479 rubles – U.S. $1)
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