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Russian stocks rise on energy industry 2022 results, corporate news

MOSCOW, Jan 16 (PRIME) -- The Russian stock market increased on Monday on the back of 2022 positive financial results of the energy industry and corporate news, analysts said.

The MOEX Russia Index rose 1.13% to 2,224.90 and the RTS increased 1.39% to 1,024.44.

“Deputy Prime Minister and Energy Minister Alexander Novak reported to the government on the growth of oil exports by 7% in 2022, as well as the increase of oil and gas revenues of the state budget by 28%. This data provided a favorable information background on the stock market,” Freedom Finance Global’s senior analyst Natalya Milchakova said.

The Russian stock market grew amid continuing interest in certain issuers and positive dynamics on Asian platforms, Dmitry Postolenko, head of managing company Pervaya’s department for fixed income securities management, said.

Among the sectoral indices, transport and financial sectors demonstrated good growth, the analyst added.

Management company Alfa-Capital’s senior trader Vladislav Silayev said that gold producers’ stocks rose on the back of soaring gold prices and some individual corporate stories attracted attention.

According to Milchakova, the absolute leaders of the growth were shares of SPB Exchange, which continue to update the highs after the decisions of European depositories to unblock the receipts of some Russian issuers, Cian’s shares grew on the same news.

Shares of Bank Saint Petersburg and developer Samolet were the leaders of the fall.

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

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank +1.09 153.34 6.777
SPB Exchange +28.54 155.4 2.321
Gazprom +0.96 166.14 2.198
Polyus +1.43 8183 1.772
ALROSA +3.61 62.26 1.585

(67.5744 rubles – U.S. $1)

End

16.01.2023 19:11