Russian stocks rise in line with global floors, oil prices

MOSCOW, Aug 31 (PRIME) -- Russian stocks increased on Thursday fueled by positive dynamics on global floors and growth of oil prices, analysts said.   

The MICEX grew 0.66% to 2,022.22 and the RTS increased 1.05% to 1,095.84.

“After a morning decline in response to yesterday’s wave of oil price reduction Russian stock indices switched to growth and are moving in one direction with foreign floors and risky assets on the whole,” InstaForex analyst Igor Kovalyov said.

“Domestic investors were also encouraged by oil prices returning to growth,” he said.

Forex Club analyst Irina Rogova said domestic stocks were also supported by eased political tensions.

Multi-industry holding Sistema’s shares grew 4.77% as the company confirmed its plans to contest a court ruling ordering it to repay 136.3 billion rubles to oil major Rosneft.

Rosneft lost 0.98% after its board of directors recommended allocating around 50% of net profit calculated under International Financial Reporting Standards (IFRS) for January–June dividends.

Novorossiysk Commercial Sea Port (NCSP) gained 6.66% on reports that Deputy Prime Minister Arkady Dvorkovich ordered to study abolishment of state regulation of services at sea ports.

Below are the MICEX’ five most active stocks on Thursday:

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+0.01	183.51	11.870
Norilsk Nickel	+3.05	9790.00	5.420
Gazprom	-0.19	117.97	4.851
Lukoil	+1.22	2940.50	2.676
Aeroflot	-3.13	191.80	2.206

(58.7306 rubles – U.S. $1)

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