Russian stocks rise amid growth of global floors, oil prices

MOSCOW, Nov 5 (PRIME) -- Russian stocks closed higher on Tuesday supported by positive dynamics of Western floors and growing oil prices, analysts said.  

The MOEX Russia Index rose 0.65% to 2,949.55 and the RTS increased 0.35% to 1,460.50.

“The Russian stock market started the week with growth amid a positive foreign background. So, purchases in our shares were supported by the situation on the energy market, where the nearest futures for Brent oil were trading above U.S. $62.5 per barrel,” Promsvyazbank chief analyst Bogdan Zvarich said.

“The ‘bulls’ initiative was also supported by the dynamics of the Western stock markets, where a steady wave of growth took place the day before, and the S&P500 index was able to set new historical highs,” the analyst said.

Oil major Rosneft and the Moscow Exchange were among growth leaders, rising by 3.91% and 3.34%, respectively, Zvarich said.

Diamond producer ALROSA was among outsiders, falling by 1.31%.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+0.9	238.53	19.419
Gazprom	-0.3	263.00	9.739
Lukoil	-0.22	6008.00	4.936
Surgutneftegas	-0.3	46.115	4.579
Rosneft	+3.91	451.40	3.886

(64.0316 rubles – U.S. $1)

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