Russian stocks rise backed by foreign floors, oil price growth

MOSCOW, Mar 24 (PRIME) -- Russian stocks grew on Tuesday backed by positive dynamics on global floors and rising oil prices, analysts said.

The MOEX Russia Index rose 7.22% to 2,415.97 and the RTS grew 9.23% to 965.32.

“The MOEX Russia Index and the RTS Index remained in a steady plus by the end of trading and accelerated the growth rate along with foreign stock exchanges,” Veles Capital analyst Yelena Kozhukhova said.

The foreign background was positive. Trading on the U.S. floors started with an increase of three main indices, which were adding 5.5–7% by the end of the Russian session. Positive moods were seen on European floors.

Brent and WTI oil quotations remained in plus by the evening, but retreated from the session’s highs and were adding only 0.5–2.5%.

Metals giant Norilsk Nickel was among growth leaders, adding 17.17% after a surge in prices for ferrous and non-ferrous metals. Precious metals producer Polymetal added 16.16%.

Fertilizer producer Acron was among outsiders losing 0.69%.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Norilsk Nickel	+17.17	19028.00	22.815
Sberbank	+5.06	192.64	20.144
Gazprom	+5.7	177.95	15.762
Lukoil	+7.63	4494.00	10.781
Rosneft	+8.94	298.50	6.693

(80.8815 rubles – U.S. $1)

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