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Russian stocks increase on growth on global floors, rising oil

MOSCOW, Jun 20 (PRIME) -- Russian stocks increased on Thursday fueled by positive moods on global floors and growing oil prices, analysts said.

The MOEX Russia Index rose 0.76% to 2,780.20 and the RTS Index gained 2.21% to 1,391.21.

“The MOEX Russia Index and the RTS Index remained in a steady plus by the end of trading on Thursday thanks to the global appetite to risk,” Veles Capital analyst Yelena Kozhukhova said.

Trading on the U.S. floors started with an increase of three main indices, which were gaining 0.5–0.7% by the end of the Russian session after summarizing results of the U.S. Federal Reserve System meeting.

Trading in Europe was held on an optimistic note.

Oil quotations accelerated growth by the end of the day and were adding around 4–5.5%.

Federal Grid Company of Unified Energy Systems (FGC UES) and independent gas producer Novatek were among growth leaders, rising by 4.91% and 2.7%, respectively. Metals giant Norilsk Nickel dropped 4.33% on a dividend gap, while Magnitogorsk Iron and Steel Works (MMK) lost 2.84%.

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

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank +1.54 244.10 15.686
Gazprom +0.03 232.52 10.462
Lukoil +1.43 5320.00 8.851
Norilsk Nickel -4.33 14224.00 4.730
Rosneft +2.57 419.75 3.716

(63.9794 rubles – U.S. $1)

End

20.06.2019 19:32