Russian stocks rise backed by global floors, oil prices

MOSCOW, Oct 22 (PRIME) -- Russian stocks increased on Tuesday backed by positive dynamics of global floors and rising oil prices, analysts said

The MOEX Russia Index grew 1.49% to 2,802.23, rising above the psychological level of 2,800 points for the first time since September 19, and the RTS added 1.65% to 1,387.68.

“The MOEX Russia Index and the RTS Index remained in plus by the end of trading on Tuesday thanks to growth of certain shares and a favorable foreign background,” Veles Capital analyst Yelena Kozhukhova said.

Trading in the U.S. started with growth of three main indices, which were trading mixed by the end of the day. Trading in Europe was on a neutral note.

Oil prices accelerated growth by the end of the day and were gaining around 2% mostly in correction.

Gas giant Gazprom was among growth leaders, adding 2.98%, Kozhukhova said. Multi-industry holding Sistema’s shares rose 2.43%, continuing growth backed by the buyback news.

Diamond giant ALROSA and oil pipeline monopoly Transneft’s preferred shares were among outsiders, losing 1.38% and 2.47%, respectively.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Gazprom	+2.98	235.36	9.971
Sberbank	+2.06	239.77	9.566
Lukoil	+1.6	5860.50	7.023
Norilsk Nickel	+0.96	16462.00	5.009
Yandex	-0.31	2054.60	2.665

(63.7606 rubles – U.S. $1)

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