Russian stocks rise backed by favorable mood on global market

MOSCOW, Mar 1 (PRIME) -- The Russian stock market edged up on Monday following improving sentiments on external bourses, analysts said.

The MOEX Russia Index grew 1.18% to 3,386.16 and the RTS increased 2.20% to 1,443.02.

“The MOEX Russia and the RTS indices tried to regain part of their previous losses, but stayed below the resistance levels of 3,405 and 1,445. Growth looks restricted until the level are broken through,” Veles Broker analyst Yelena Kozhukhova said.

Foreign bourses demonstrated optimism thanks to the yield of the U.S. 10-year treasuries remaining at 1.4%, which decreased wariness on the market, and higher-than-expected Europe’s and the U.S.’ industrial output figures, she also said.

Otkritie Broker analyst Andrei Kochetkov said that global optimism stemmed from approval of a U.S. $1.9 trillion economy stimulation program by the House of Representatives of U.S. Congress.

Kozhukhova said that IT giant Yandex, electronic goods retailer M.Video-Eldorado and metals producer Norilsk Nickel were among the best performers adding 2.75%, 3.36%, and 2.61%, respectively.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Norilsk Nickel	+2.61	24116	16.672
Sberbank	+1.52	274.27	8.997
Gazprom	+1.69	221.24	5.646
Lukoil	+1.23	5644	5.336
Yandex	+2.75	4945.4	4.494

(74.4373 rubles – U.S. $1)

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