Russian stocks increase on rising European markets, high oil price - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian stocks increase on rising European markets, high oil price

MOSCOW, May 21 (PRIME) -- The Russian stock market grew on Monday on the back of rising European markets and high oil prices, analysts said.

The MOEX Russia Index rose 0.24% to 2,332.63 and the RTS Index increased 1.60% to 1,191.86.

УThe external background was quite positive which was reflected in the Russian indices as well. China and the U.S. have decided to postpone active steps n the framework of a trade war in order to focus on the process of negotiations,Ф Otkritie Broker analyst Andrei Kochetkov said.

According to Sergei Drozdov, an analyst at investment company Finam, the European markets increased as the U.S. and China reached trade agreements. U.S. S&P futures rose as well on the back of this factor, Kochetkov said.

He said that market participants hope that Russian money will return home after U.K. parliamentarians spoke in favor of a tougher purge of the financial system from Russian capital.

Drozdov said that the Brent oil reached U.S. $80.47 per barrel on the back of continuing speculations about the U.S.ЦIran deal break.

Kochetkov said that the oil sector led the market thanks to a high oil price.

Igor Kovalyov, analyst at InstaForex, said that Inter RAO decreased 3.66% after the company denied reports on a potential purchase of 23.5% of its shares from Federal Grid Company of Unified Energy Systems (FGC UES) and hydropower giant RusHydro.

Sistema fell 1.96% after reporting reduction of dividends, he said.

Below are the MOEX Russia IndexТs five most active stocks on Monday:

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank +1.8 226.21 8.784
Gazprom +0.76 146.76 2.391
Lukoil -1.16 4398.5 2.204
Norilsk Nickel +1.77 10922 1.863
Magnit +1.51 5185 1.815

(61.9408 rubles Ц U.S. $1)

End

21.05.2018 19:17
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 71.7210 -0.2022 23 apr
USD 63.7860 -0.1742 23 apr
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1260.82 -0.12 18:50 19 apr
micex 2584.74 +0.81 18:50 22 apr
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 163.50 +0.57 18:49 22 apr
lkoh 5690.00 +1.57 18:49 22 apr
rosn 439.60 +1.76 18:48 22 apr
sber 235.41 +1.21 18:49 22 apr
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 71.9125 -0.2875 14:59 19 apr
USDTD 63.8350 -0.1775 17:44 22 apr