Russian stocks rise in line with foreign floors, oil prices

MOSCOW, Nov 2 (PRIME) -- Russian stocks increased on Friday supported by positive dynamics on foreign floors and an oil price rebound, analysts said.

The MOEX Russia Index rose 0.79% to 2,377.95 and the RTS increased 0.30% to 1,134.80.

“The Russian market spent Friday in a slight plus within 1%. Positive on global floors inspired optimism to the players on our stock market – today all major stock indices of Asia and Europe were trading in positive territory,” Veles Capital analysts said in a research note.

Brent oil prices have stabilized near U.S. $73 per barrel, Freedom Finance analyst Anastasia Sosnova said.

Power producer Unipro was among growth leaders, adding 4.25% on reports that its board of directors recommended paying 0.111 rubles per share in dividends for January–September.

United Wagon Company (UWC) grew 3.69% after reporting that its net profit jumped to 336.69 million rubles in January–September, as calculated under Russian Accounting Standards (RAS).

Magnitogorsk Iron and Steel Works (MMK) added 0.15% on reports that its net profit rose 31.7% on the year to $1.072 billion in January–September, as calculated under International Financial Reporting Standards (IFRS).

Retailer Magnit rose 0.55% after saying that it signed a legally binding agreement to buy pharmaceuticals distributor SIA Group from investment company Marathon Group.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+2.08	192.60	13.276
Lukoil	+0.87	4980.00	4.448
Norilsk Nickel	+1.96	11470.00	3.240
Gazprom	+0.14	153.71	2.458
Yandex	-0.2	1995.00	1.614

(65.6517 rubles – U.S. $1)

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