Russian stocks increase supported by strong oil prices
MOSCOW, Jan 18 (PRIME) -- The Russian stock market edged up to hit record highs on Thursday, supported by oil prices consolidating at high levels, analysts said.
The MOEX Russia Index grew 0.86% to an all-time record of 2,297.47 and the RTS rose 1.15% to 1,279.28, its highest since July 2017.
УThe Russian stock market was again in a positive trendЕ The market was backed by the Brent oil price, which stopped falling and consolidated at around $69.3-69.4 per barrel,Ф Raiffeisen Capital analyst Sofya Kirsanova said.
Crude prices were driven upwards by both the latest American Petroleum Institute (API)Тs statistics marking another decrease of the U.S. inventories, and ChinaТs advancing refining volumes, she added.
Blue chips were among the best performers. Top bank Sberbank added 2.37% to 245.5 rubles, oil major Rosneft rose 2.02% to 333.1 rubles and gas giant Gazprom grew 1.11% to 150.35 rubles.
Below are the MOEX Russia IndexТs five most active stocks on Thursday:
|Company||Change, %||Last price, rbl||Trading volume, bln rbl|
(56.5925 rubles Ц U.S. $1)