Russian stocks rise in line with global floors, oil prices

MOSCOW, Nov 7 (PRIME) -- Russian stocks increased on Thursday backed by positive dynamics of global floors and oil prices, analysts said.

The MOEX Russia Index rose 0.93% to 3,008.54 and the RTS increased 1.06% to 1,487.03.

“The MOEX Russia Index and the RTS Index remained in positive territory by the end of trading on Thursday after updating new peaks during the day,” Veles Capital analyst Yelena Kozhukhova said.

Trading on the U.S. stock floors started with an increase of three main indices, which were gaining around 0.5–0.7% by the end of the Russian trading session. Trading in Europe was on a moderately positive note.

Oil prices were adding around 1–1.15% amid optimism over the U.S.–China trade issue.

Metals and mining group Mechel was among growth leaders, with common shares rising 2.98% on reports that VTB Bank bought Mechel’s debt of around 50 billion rubles to Sberbank.

Precious metals producer Polymetal and gold producer Polyus were among outsiders, falling by 3.48% and 2.64% due to lower prices for gold.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Gazprom	+1.41	270.74	15.122
Sberbank	+1.46	242.50	10.779
Lukoil	-0.11	6133.50	6.406
Norilsk Nickel	+2.2	18706.00	5.458
Rosneft	+1.98	463.50	2.736

(63.5880 rubles – U.S. $1)

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