Russian stocks recover on improving geopolitical environment

MOSCOW, Jan 27 (PRIME) -- The Russian stock market was recovering from previous losses on Thursday thanks to lowering geopolitical risks and an improved foreign environment, analysts said.

The MOEX Russia Index grew 2.93% to 3,455.93 and the RTS jumped 5.68% to 1,399.64.

“The Russian stock market started to recover on Thursday. The major factors were lowering geopolitical risks and a positive external background,” senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said.

Despite tough statements of the U.S. Federal Reserve, purchases prevailed on Western bourses. Main European indices added up to 1.5%, and the core U.S. benchmarks Dow Jones and S&P500 grew by 1.4% in the first 30 minutes of trading, he added.

Zvarich also said that the energy market was also supportive for Russian stocks. The nearest Brent oil futures increased by 0.6% to above U.S. $89 per barrel.

Gas giant Gazprom and online retailer Ozon were among the best performers, surging by 7.82% and 6.04%, respectively.

Gold producers Polymetal International, Petropavlovsk and Polyus were trading in the red territory following the negative gold price dynamics.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+6.8	253	68.818
Gazprom	+7.82	323.02	62.514
Lukoil	+4.34	6809	12.961
Yandex	+1.11	3402.2	11.592
Norilsk Nickel	+1.14	22036	8795.4

(78.9437 rubles – U.S. $1)

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