Russian stocks rise in line with global floors, oil prices

MOSCOW, Apr 13 (PRIME) -- The Russian stock market closed higher on Tuesday backed by positive dynamics on global floors and rising oil prices, analysts said.

The MOEX Russia Index grew 0.10% to 3,526.30 and the RTS increased 1.82% to 1,458.51.

“The MOEX Russia Index and the RTS retreated from the session’s highs by the end of trading and were not showing single dynamics,” Veles Capital analyst Yelena Kozhukhova said.

The foreign background was moderately positive. Trading in the U.S. started without single dynamics of three main indices, which were trading mixed within 0.6% by the end of the Russian session. Moderately positive moods were seen on European floors.

The nearest futures for Brent and WTI oil were adding around 1%.

Aluminum giant UC RUSAL added 3.5%, receiving support from Norilsk Nickel’s plans to restore production in the coming months and higher aluminum prices. Gold producer Polyus and precious metals producer Polymetal rose by 1.61% and 1.96%, respectively, on higher prices for gold and silver.

Internet giant Yandex was among outsiders, losing 6.55%, after the Federal Antimonopoly Service opened a case against the company accusing it of creating discriminatory conditions on the search market.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+1.61	286.28	15.909
Yandex	-6.55	4536.60	12.122
Norilsk Nickel	-0.72	25250.00	11.731
Gazprom	+0.85	224.76	6.134
Lukoil	-0.61	5983.00	3.675

(77.2535 rubles – U.S. $1)

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