Russian stocks rise backed by oil prices, global floors

MOSCOW, Jan 29 (PRIME) -- Russian stocks closed higher on Tuesday backed by growth of oil prices and positive dynamics on Western floors, analysts said.

The MOEX Russia Index rose 0.87% to 2,498.35 and the RTS Index increased 1.06% to 1,191.38.

“By the middle of the trading day on Tuesday, the Russian stock indices deviated from lows of the day and entered into a small plus thanks to an improvement of the foreign background,” Veles Capital analyst Yelena Kozhukhova said.

The oil quotations accelerated growth and were adding over 2.5% after the U.S. introduced sanctions against Venezuelan oil company PDVSA.

Trading in Europe was at an optimistic note, and the U.S. stock indices were adding up to 0.5%.

Gold producer Polyus, power utility Unipro, and Sberbank’s preferred shares were among growth leaders, adding 3.32%, 1.99%, and 2.42%, respectively.

Shares of uncut diamond giant ALROSA, aluminum giant UC RUSAL, and global depositary receipts (GDRs) of En+ Group were among outsiders, losing 1.59%, 6.08%, and 3.8%, respectively.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+1.86	213.61	13.471
Gazprom	+1.49	162.95	3.685
Lukoil	+0.61	5196.50	2.672
Rosneft	+0.41	412.90	1.806
Norilsk Nickel	+1.31	13260.00	1.548

(65.9300 rubles – U.S. $1)

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