Russian stocks increase in line with growth on global floors

MOSCOW, Oct 18 (PRIME) -- Russian stocks increased on Tuesday in line with positive dynamics on global floors and supported by the improvement of the geopolitical situation, analysts said.

The MICEX rose 0.62% to 1,969.11, and the RTS increased 0.99% to 986.94.

“On the whole, Russian indices remain on the same wave with global floors. Global stock markets are demonstrating positive dynamics today. The U.S., European and Asian stock market futures are growing,” Forex Club analyst Irina Rogova said. The Brent oil price resumed reduction after attempts to consolidate above U.S. $52 per barrel, she said.

InstaForex analyst Igor Kovalyov said purchases were also encouraged by “a favorable foreign background and some improvement of the geopolitical situation amid reports about Russian aviation ceasing attacks on Aleppo.”

Gas giant Gazprom rose 0.18% after the company said it raised its investment program for 2016 by 1.3% to 853 billion rubles.

Russian fertilizer producer Uralkali grew 2.65% on reports that the company may resume paying dividends if its debt burden of $5.832 billion falls and may announce a mandatory share buyback if its free-float falls below 5% from the current 5.61%.

Electronics retailer M.Video increased 0.5% after the company said its sales revenue rose 16.7% on the year to 152.484 billion rubles in January–September.

Below are the MICEX’ five most active stocks on Tuesday:

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+0.87	147.74	4.870
Gazprom	+0.18	135.81	2.587
Magnit	+4.31	10535.00	1.240
Lukoil	+0.66	3050.00	1.196
ALROSA	-1.01	87.40	1.081

(63.1510 rubles – U.S. $1)

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