Russian stocks rise on global optimism, oil price growth

MOSCOW, Jul 2 (PRIME) -- Russian stocks increased on Thursday backed by optimistic moods on Western floors and rising oil prices, analysts said.

The MOEX Russia Index rose 1.66% to 2,788.79 and the RTS grew 2.94% to 1,248.28.

“The MOEX Russia Index and the RTS Index remained in plus by the end of trading amid favorable moods abroad,” Veles Capital analyst Yelena Kozhukhova said.

The foreign background was moderately positive. Trading in the U.S. started with growth of three main indices, which were adding 0.5–1% by the end of the Russian session. Positive moods were seen on European floors.

The nearest futures for Brent and WTI oil remained in plus and were adding around 0.5% by the end of trading in Russia.

Power grid holding Rosseti, real estate developer LSR Group, and grocery retailer Magnit were among growth leaders, adding 3.13%, 4.11%, and 4.03%, respectively.

Power utility Mosenergo was among outsiders, losing 1.87%.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+3.34	210.00	15.144
Norilsk Nickel	-0.27	18734.00	6.780
Gazprom	+0.69	195.65	6.342
Lukoil	+1.89	5413.50	5.407
Polyus	+0.01	11971.50	2.455

(70.4413 rubles – U.S. $1)

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