Russian stocks rise in line with foreign floors, stronger ruble

MOSCOW, Oct 29 (PRIME) -- Russian stocks increased on Monday backed by positive dynamics on Western floors and the ruble’s strengthening, analysts said.

The MOEX Russia Index rose 1.04% to 2,317.06 and the RTS increased 1.30% to 1,112.61.

“On Monday, the Russian stock market opened with a decline of 0.1% due to a moderately negative background. During the trading session, moods on the market were formed by positive dynamics on Western floors, that’s why the MOEX Russia Index slowed growth only in the second half of the day, trying to consolidate over the notch of 2,300 points,” Veles Capital said in a research note.

Internet company Yandex was among growth leaders, with shares adding 5.56% after a disclosure of strong July–September financial results.

Global depositary receipts (GDRs) of retailer Lenta grew 5.47% on reports that its revenue increased 12.5% on the year to 100.801 billion rubles in July–September and the company’s plans to buy back up to 11.6 billion rubles worth of its GDRs, which accounts for 10% of Lenta’s GDRs.

Russia’s largest children goods retailer Detsky Mir fell 0.23% despite reporting that its net profit soared 74% on the year to 4.036 billion rubles in January–September, as calculated under International Financial Reporting Standards (IFRS).

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+2.54	180.60	11.281
Gazkon	+0.68	295.00	6.154
Lukoil	-0.33	4872.50	3.057
Yandex	+5.56	1859.50	2.497
Gazprom	+0.01	152.52	2.406

(65.6345 rubles – U.S. $1)

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