Russian stocks rise amid improvement of foreign background

MOSCOW, Jan 28 (PRIME) -- Russian stocks increased on Tuesday amid improvement of the foreign background, analysts said.  

The MOEX Russia Index rose 0.91% to 3,113.10 and the RTS increased 1.97% to 1,572.23.

“The MOEX Russia Index and the RTS remained in plus by the end of trading due to the improvement of the foreign background,” Veles Capital analyst Yelena Kozhukhova said.

Otkritie Broker analyst Andrei Kochetkov said, “Markets are gradually recovering from a panic attack amid the spread of a new coronavirus in China.”

The foreign background was moderately positive, Kozhukhova said. Trading on the U.S. floors started with growth of three main indices, which were adding around 0.5–0.8% by the end of trading in Russia. Moderately positive moods were seen on European floors.

Brent and WTI oil quotations were adding around 0.5% by the end of the day amid improvement of global moods.

Metals and mining company Mechel’s shares added 5.53% on reports that A-Property may buy 100% in the Elga coal deposit currently controlled by Mechel.

Diamond producer ALROSA was among outsiders losing 1.69%. National flagship carrier Aeroflot’s shares fell 1.72% amid the further spread of coronavirus and the threat of lower demand for air travel.  

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Gazprom	+1.75	235.00	19.972
Sberbank	+0.93	257.70	12.365
Lukoil	+1.6	6650.00	5.057
Surgutneftegas	+1.92	47.395	4.236
Norilsk Nickel	+0.86	21282.00	4187.00

(62.3380 rubles – U.S. $1)

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