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Russian stocks mixed amid oil above $58/bbl, weaker ruble

MOSCOW, Sep 26 (PRIME) -- Russian stocks closed mixed on Tuesday after growing the entire day amid positive dynamics on European floors, oil trading above U.S. $58 per barrel, and the ruble’s depreciation against the dollar, analysts said.

The MICEX grew 0.10% to 2,071.13 and the RTS fell 0.29% to 1,127.26.

Russian indices were rising almost the entire trading day on Tuesday supported by Monday’s growth of oil prices, InstaForex analyst Igor Kovalyov said. “Some improvement of moods on European floors, which opened with a decline, but are currently making up losses, is also providing support to the benchmarks,” he said.

International rating agency Fitch saying that it sees potential to increase Russia’s rating from BBB- was also a positive factor for the Russian stock market, Kovalyov said.

Raiffeisen Capital analyst Sofya Kirsanova said, “Expensive oil and an absence of new geopolitical shocks have ensured global investors’ “appetite to risks”, that’s why the majority of companies of the Russian market are trading in plus today.”

Shares of national top lender Sberbank renewed a record reaching 195 rubles per share at some point.

Below are the MICEX’ five most active stocks on Tuesday:

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank +0.7 192.54 15.914
Gazprom 0 123.03 3.195
Rosneft +0.59 323.45 2.263
Aeroflot +0.27 184.05 2.250
Lukoil -0.58 3022.00 2.022

(57.5660 rubles – U.S. $1)

End

26.09.2017 19:29