Russian stocks increase on external bourses’ positivity

MOSCOW, Apr 6 (PRIME) -- The Russian stock market rose on Monday following positive dynamics of the global stock exchanges, analysts said.

The MOEX Russia Index grew 1.96% to 2,622.59 and the RTS rose 3.20% to 1,083.43.

“The Russian stock market managed to rise thanks to a moderately positive external background. The dynamics of foreign stock exchanges were the main reason for purchases. European markets added up to 5.5% and the core U.S. benchmarks Dow Jones and S&P500 grew 4.5% and 4.4%, respectively, in the first hours of trading,” senior analyst at Promsvyazbank Bogdan Zvarich said.

The downward correction of crude prices with the Brent oil prices falling below U.S. $33 per barrel restrained the Russian market’s ambitions, Zvarich added.

Veles Broker analyst Yelena Kozhukhova said that uncertainty persists on the energy markets as it is still unclear if Russia, Saudi Arabia and the U.S. are able to strike a deal satisfying each side.

Power companies FGC UES and Rosseti were the top performers adding over 7%.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+2.73	190.7	14.703
Gazprom	+0.7	191.1	12.004
Lukoil	-0.8	5163	11.818
Rosneft	-0.58	343	6.274
Norilsk Nickel	+2.93	19590	4.788

(77.7325 rubles – U.S. $1)

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