Russian stocks recover slightly after several session of losses

MOSCOW, Jul 20 (PRIME) -- The Russian stock market tried to recover on Tuesday following four sessions of losses in a row, supported by the dynamics of foreign bourses, analysts said.

The MOEX Russia Index grew 0.30% to 3 704.40 and the RTS increased 0.51% to 1,567.28.

“The Russian stock market started watchful growth on Tuesday following four consecutive sessions of losses… The (U.S.) S&P 500 index is also recovering, but crude prices continue to fall,” Artyom Tuzov, executive director of the capital market department at investment company Univer Capital, said.

The Brent oil price decreased to almost U.S. $69 per barrel, he added.

Veles Broker analyst Yelena Kozhukhova said that correction recovery was seen on global stock exchanges, which is fully explainable from the technical point of view.

The MOEX Russia and the RTS indices tried to consolidate in the positive territory, but stayed below the resistance lines of 3,715 and 1,580, and the market still looks overbought, she added.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+1.39	295.51	9.695
Gazprom	-0.19	275	7.785
Lukoil	+1	6290	6.274
Severstal	+1.7	1720	4.571
Norilsk Nickel	-0.14	25010	3.977

(74.3463 rubles – U.S. $1)

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