Russian stocks grow thanks to global positivity, rising oil prices

MOSCOW, Jun 19 (PRIME) -- The Russian stock market edged up on Friday supported by investors’ optimism on the global stocks exchanges, and strengthening oil prices, analysts said.

The MOEX Russia Index grew 1.26% to 2,758.67 and the RTS rose 1.54% to 1,249.67.

“The Russian stock market has managed to win back the loss of the two previous sessions thanks to a positive external background. The situation on the energy market encouraged purchases. The nearest Brent oil futures grew over 2% to around U.S. $42.5 per barrel,” senior analyst at Promsvyazbank Bogdan Zvarich said.

The domestic market was additional supported by Western floors, he added. Major European indices advanced up to 1%, and the U.S. Dow Jones and S&P500 increased 0.6% and 0.7%, respectively, during the first hours of trade.

Veles Broker analyst Yelena Kozhukhova said that global investors felt positive although their encouragement was partially restricted by threats of the further spread of the coronavirus.

Shares of real estate developer LSR Group and grocery retailer Magnit were among the top performers rising 6.52% and 4.19%, respectively, Zvarich also said.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+1.59	207	15.555
Lukoil	+2.11	5460	10.223
Gazprom	+1.46	195.81	8.837
Norilsk Nickel	+0.41	19004	7.529
Tatneft	+1.82	586.5	4.631

(69.6180 rubles – U.S. $1)

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