Russian stocks rise in line with oil, European floors

MOSCOW, Dec 27 (PRIME) -- Russian stocks increased on Tuesday amid a positive foreign background connected with moderate growth of European floors and oil prices, analysts said.

The MICEX increased 0.53% to 2,189.43 and the RTS rose 0.99% to 1,135.79.

“Russian indices continue to grow on the back of positive oil price dynamics. Brent oil futures are moving to the level of U.S. $56.5 (per barrel),” Forex Club analyst Irina Rogova said.

Finam analyst Bogdan Zvarich said that “moderate growth on European floors, where main indices are gaining around 0.2%, also encourages purchases of our assets.”

Overall trading activity on the Russian stock market has slowed ahead of the New Year holidays, analysts said.  

The country’s second biggest bank VTB grew 2.08% after reporting that its net profit jumped to 45.5 billion rubles in January–November from 3 billion rubles in the same period of 2015, as calculated under International Financial Reporting Standards (IFRS)

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+0.17	172.27	3.402
Norilsk Nickel	-3.00	9896.00	1.819
Gazprom	+0.96	150.38	1.450
Rosneft	+2.41	398.00	0.786
Lukoil	+0.31	3428.50	0.735

(60.9084 rubles – U.S. $1)

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