MOSCOW, Oct 9 (PRIME) -- The Russian stock market edged up on Wednesday thanks to a positive global environment with foreign stock exchanges and crude trading higher, analysts said.
The MOEX Russia Index grew 0.19% to 2,713.02 and the RTS rose 0.85% to 1,317.48.
“The Russian stock market is ignoring risks of a possible failure of trade negotiations between the U.S. and China mainly thanks to statements of the Federal Reserve Chair Jerome Powell… Purchases also prevail in Europe, which creates a positive external background,” Otkritie Broker analyst Andrei Kochetkov said.
Veles Broker analyst Yelena Kozhukhova said that the major U.S. benchmarks added some 0.5–0.8% by the end of the trading session in Russia after China had announced its readiness to strike a partial trade agreement with the U.S. if no import duties are introduced on October 15.
Crude prices were seen around 1% higher, she added.
Kochetkov also said that independent gas producer Novatek, steelmaker Novolipetsk Steel (NLMK) and gold producer Polyus slid as they were trading ex-dividend, but the stocks did not influence the domestic market much.
Kozhukhova said that mobile operator MTS was among the top performers surging 2.97% to 268.65 rubles on the news the company had canceled delisting from the New York Stock Exchange.
Below are the MOEX Russia Index’s five most active stocks on Wednesday:
| Company | Change, % | Last price, rbl | Trading volume, bln rbl |
|---|---|---|---|
| Sberbank | +0.74 | 227.1 | 9.042 |
| MTS | +2.97 | 268.65 | 3.344 |
| Gazprom | -0.01 | 223.18 | 3.330 |
| Lukoil | -0.3 | 5304 | 2.825 |
| Norilsk Nickel | +0.46 | 16104 | 2.712 |
(64.8672 rubles – U.S. $1)
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