Russian stocks rise on foreign optimism, oil price growth

MOSCOW, Jun 2 (PRIME) -- Russian stocks increased on Tuesday supported by positive moods on foreign floors and rising oil prices, analysts said.

The MOEX Russia Index grew 0.68% to 2,796.51 and the RTS rose 2.42% to 1,277.85.

“The MOEX Russia Index and the RTS Index remained in steady plus by the end of trading thanks to a positive foreign background,” Veles Capital analyst Yelena Kozhukhova said.

The foreign background was moderately positive. Trading in the U.S. started with an increase of three main indices, which were trading mixed within 0.6% by the end of the Russian session. Positive moods were seen on European floors.

The nearest futures for Brent and WTI oil were gaining around 2% by the end of the Russian session. Investors expect a positive outcome of the OPEC+ virtual meeting and a possible prolongation of the current reduction of oil production until September.

Electronic goods and household appliances retailer M.Video and top lender Sberbank were among growth leaders, gaining 12.25% and 4.1%, respectively. Shares of flagship carrier Aeroflot rose 3.08% as the company plans to start returning to normal operations from June.

Gold producer Polyus, diamond giant ALROSA, and precious metals producer Polymetal were among outsiders, losing 2.26%, 1.09%, and 0.77%, respectively.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+4.1	212.00	24.294
Gazprom	+1.64	201.97	9.091
Lukoil	+1.54	5400.00	7.318
Norilsk Nickel	+0.88	22220.00	6.499
Rosneft	+2.19	387.00	5.019

(69.7114 rubles – U.S. $1)

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