Russian stocks rise on corporate news, eased geopolitical tensions

MOSCOW, Nov 28 (PRIME) -- Russian stocks increased on Wednesday supported by corporate news and eased geopolitical tensions, analysts said.

The MOEX Russia Index rose 1.81% to 2,381.12 and the RTS increased 1.35% to 1,113.46.

“On Wednesday, the Russian stock market showed steady growth, which was mostly ensured by corporate news,” Veles Broker analyst Yelena Kozhukhova said.

Trading in Europe was on an optimistic note, and trading on the U.S. stock floors started with growth of main indices.

The ruble depreciated against the dollar and euro.

Gas giant Gazprom’s shares soared 7.66%, as the company’s management announced plans to increase dividends. 

Multi-industry holding Sistema jumped 6.11% and children goods retailer Detsky Mir added 2.96% after Sistema said it principally agreed to sell a controlling stake in Detsky Mir, and the deal may take place in 2018 or early 2019.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Gazprom	+7.66	165.58	12.169
Sberbank	-0.43	190.20	11.542
Lukoil	+0.61	4717.50	3.666
Norilsk Nickel	+3.16	12.770	3.123
Rosneft	+0.39	421.45	1.752

(66.7800 rubles – U.S. $1)

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