Russian stocks grow on interest to risky assets, dividend hopes - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian stocks grow on interest to risky assets, dividend hopes

MOSCOW, Jan 22 (PRIME) -- The Russian stock market increased on Monday as a dip in oil prices and a shutdown of the U.S. government have failed to reduce investors interest to risky assets and hopes of high dividends, analysts said.

The MOEX Russia Index firmed 0.97% to 2,308.61, and the RTS rose 1.13% to 1,285.33.

УThe Russian indices resumed growth on Monday. The MOEX Russia Index has not reset a record but it tried to consolidate above 2,300,Ф Forex Club analyst Irina Rogova said. УIt is supported by everyoneТs interest to risky assets.Ф

Otkritie Broker analyst Andrei Kochetkov said that the Russian power sector propelled the market higher as the industry covered the gap with the rest of the stocks having lagged behind earlier in 2018. Investors are waiting for a high dividend yield as Rosseti can adopt a new dividend policy. Rosseti grew 4.15%.

Investment company Finam analyst Vasily Oleinik said that global markets have shrugged off a shutdown of the U.S. government, which has continued since January 20. УWhereas the reaction on financial markets in 2013 was significant, today this fact scares nobody at all,Ф he said.

Rogova said that dividend expectations of investors also favored growth of Russian assets.

Brent receded to U.S. $68 per barrel but remained in a range forecast by market participants, Rogova said.

Below are the MOEX Russia IndexТs five most active stocks on Monday:

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank +0.64 243.99 6.103
Gazprom +0.78 150.3 3.410
Lukoil +1.16 3870 2.354
ALROSA +1.20 84 2.342
Magnit +0.62 6279 1.818

(56.5892 rubles Ц U.S. $1)


22.01.2018 19:10
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 72.1111 +0.3961 26 apr
USD 64.6794 +0.6996 26 apr
Stock Market Indices
1D 1W 1M 1Y
rtsi 1240.73 -0.42 10:44 26 apr
micex 2548.74 -0.48 10:44 26 apr
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 158.88 -0.27 10:27 26 apr
lkoh 5597.50 -0.90 10:27 26 apr
rosn 430.60 -1.24 10:27 26 apr
sber 224.85 -1.29 10:27 26 apr
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 72.1300 +0.3300 14:59 26 apr
USDTD 64.7700 +0.5275 17:44 26 apr