MOSCOW, Jan 27 (PRIME) -- Russian stocks increased on Wednesday on the back of oil prices growing above U.S. $32 per barrel and on investor expectations of the U.S. Federal Reserve’s decision on its key rate to be released later in the day, analysts said.
The MICEX rose 2.50% to 1,747.57 and the RTS increased 3.19% to 704.87.
“The Russian stocks indexes traded with cautious optimism today despite mixed foreign background and volatility of oil prices,” InstaForex analyst Igor Kovalyov said.
The market participants have ignored a significant decrease in the U.S. stock index futures and negative dynamics of the main European stock markets, Vitaly Manzhos, a senior analyst at Bank Obrazovanie, said.
The U.S. oil reserves grew by 8.38 million barrels in a week, above the projected 4.27 million barrels. “Despite the release of the data showing a significant growth in oil reserves, oil quotations continued their growth and broke through the level of $32 per barrel,” Veles Capital analyst Alexander Kostyukov said.
Retailer Magnit closed 2.82% higher having reported a 13% net profit growth in October–December 2015 under International Financial Reporting Standards.
Fertilizer producer Acron, which boosted output 2.27% to 6.431 million tonnes in 2015, closed 2% higher.
Novorossiysk Commercial Sea Port (NCSP) rose 3.26% on reports that its cargo traffic grew 6.5% to 139.7 million tonnes in 2015.
Flag carrier Aeroflot fell 0.57%, which can be connected with the company reporting a 10% decrease in its euro-denominated international tariffs, Manzhos said.
“Aeroflot group significantly decreased volumes of international passenger and cargo traffic in 2015. A reduction of the group’s currency-denominated revenue can be a logical result, which can’t be a positive factor amid the current conditions,” the analyst said.
Below are the MICEX’ five most active stocks on Wednesday:
| Company | Change, % | Last price, rbl | Trading volume, bln rbl |
|---|---|---|---|
| Sberbank | +4.64 | 95.75 | 14.246 |
| Gazprom | +1.63 | 134.00 | 3.808 |
| Lukoil | +3.56 | 2400.50 | 2.943 |
| Norilsk Nickel | +1.02 | 8991.00 | 1.706 |
| Rosneft | +3.32 | 264.40 | 1.629 |
(81.8394 rubles – U.S. $1)
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