Russian stocks grow on promise of RusHydro reform - 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 promise of RusHydro reform

MOSCOW, Apr 5 (PRIME) -- The Russian stock market edged up on Wednesday driven by RusHydro that may undergo a reform, analysts said.

The MOEX Russia Index rose 0.82% to 2,500.80 and the RTS increased 0.41% to 987.51.

УThe Russian stock market showed a moderate change receiving support mainly from corporate stories,Ф Veles CapitalТs analyst Yelena Kozhukhova said.

Far-Eastern Energy Company and its parent company RusHydro gained 6.46% to 1.714 rubles and 3.36% to 0.856 rubles, respectively on the news about the Federal Antimonopoly SystemТs plans to split RusHydro into a generation firm and a grid company, Kozhukhova said.

Yevgeny Linchik, head of the alternative investment department of managing company Pervaya, said that the growth of the Russian market cooled down after a downward turn of the foreign stock floors and by a lack of further growth of the oil prices.

УThe Russian stock market spent the day in positive consolidation. There were no ideas for a full-scale growth, and its overbought state suggests that a downward correction is possible soon,Ф Andrei Kochetkov, leading analyst for global research at Otkritie Research, said.

RussiaТs second largest bank VTB lost 6.28% to 0.01909 rubles after Deputy CEO Dmitry Pyanov said that the bank would not pay dividends for 2023 taking into account the losses of 2022. The hopes for the bankТs generosity were dashed, Kochetkov said.

Below are the MOEX Russia IndexТ five most active stocks on Wednesday:

Company Change, % Last price, rbl Trading volume, bln rbl
VTB -6.28 0.01909 9.880
Kamaz +26.10 186.00 9.113
Sberbank +0.54 215.99 8.572
Gazprom +0.37 173.18 5.116
Lukoil +0.76 4545.00 2.200

(79.3563 rubles Ц U.S. $1)

End

05.04.2023 19:13
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 103.8680 +0.7049 03 oct
USD 98.4785 +1.0638 03 oct
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3162.53 +0.93 18:50 03 oct
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 166.00 -0.65 17:34 02 oct
lkoh 6698.00 +0.31 17:33 02 oct
rosn 537.00 0.00 17:40 02 oct
sber 260.72 0.00 17:40 02 oct
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 103.8150 +1.0625 14:59 02 oct
USDTD 99.0200 +1.4000 17:34 02 oct