Russian stocks rise following oil price, positive global sentiment

MOSCOW, Jun 1 (PRIME) -- The Russian stock market edged up on Monday thanks to a generally positive external environment and strengthening crude prices, analysts said.

The MOEX Russia Index grew 0.56% to 2,750.24 and the RTS rose 2.28% to 1,247.61.

“The MOEX Index Russia and the RTS index advanced… Crude prices are growing, the ruble is strengthening, and the Russian stock market makes effort to grow. Crude companies advantage from rising oil prices, but a strong ruble… can impact rubles profits of other exporters,” Otkritie Broker analyst Andrei Kochetkov said.

Oil stocks including Rosneft, Surgutneftegas and Lukoil demonstrated a noticeable growth of over 1%.

Precious metals miners Polyus and Polymetal International underperformed, losing 2.34% and 0.32%. Polyus released IFRS results for January–March, showing a 7% fall in the adjusted profit.

Veles Broker analyst Yelena Kozhukhova said that national flagship carrier Aeroflot was among the best performers added 4.89% on the news that the Federal Service for Consumer Rights Protection and Human Welfare Oversight had allowed more than 50% of seats in planes be filled.

Kozhukhova also said that the Russian market was supported by a generally optimistic global environment.

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

ompany	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+1.58	203.66	13.374
Gazprom	-0.62	198.72	10.807
Lukoil	+1.44	5318	7.011
Norilsk Nickel	-0.38	22026	5.186
Tatneft	+1.97	542.6	3.986

(70.7520 rubles – U.S. $1)

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