Russian stocks rise backed by oil prices, foreign background

MOSCOW, May 4 (PRIME) -- Russian stocks increased on Friday supported by growth of oil prices and improvement of the foreign background, analysts said.

The MOEX Russia Index rose 0.68% to 2,289.47 and the RTS Index increased 1.63% to 1,146.61.

“In the second half of Friday, Russian stock indices are showing positive dynamics, following the improvement of global moods,” Veles Broker analyst Yelena Kozhukhova said.

Truck maker Kamaz continued rising after publishing strong financial results on Thursday and was among growth leaders on Friday, adding 4.85%.

Power producer Mosenergo added 0.39% on reports that its board of directors recommended paying 16.595 kopecks per share, or a total of 6.573 billion rubles, in dividends for 2017.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+0.23	228.55	10.994
Lukoil	+0.98	4108.00	2.298
Rosneft	-0.1	386.75	1.922
Gazprom	+0.72	143.73	1.684
Norilsk Nickel	+1.29	10996.00	1.179

(63.4860 rubles – U.S. $1)

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