Russian stocks rise on growing oil prices, Gazprom's shares

MOSCOW, Sep 27 (PRIME) -- The Russian stock market increased on Tuesday after a volatile session because of the rising prices for oil and Gazprom's shares, analysts said.

The MOEX Russia Index grew 1.04% to 1,953.46, and the RTS index increased 0.96% to 1,053.46.

"The Russian stock market finished the Tuesday's trade with a moderate increase, managing to rise after being in the red zone during the day," Veles Capital analyst Yelena Kozhukhova said.

"By the middle of the trading session, the MOEX Russia Index lost the entire gain seen at the start of the session and as of 2:30 p.m., Moscow time, decreased 0.3%," Finam analyst Ksenia Lapshina said. The analyst added that the news flow continued to cause concerns.

According to Lapshina, Gazprom was the market leader after publishing financials for January–June. "We think that there is a high probability of the approval of interim dividends by the shareholders on September 30," the analyst said.

Freedom Finance Global analyst Vladimir Chernov said that the Brent prices rose to U.S. $83.83 per barrel as a hurricane approached the U.S., forcing BP and Chevron to suspend the operations of their platforms in the Gulf of Mexico.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Gazprom	+3.98	214.2	15.589
Sberbank	+4.52	111.9	8.870
Lukoil	+2.48	3800	2.992
Yandex	+7.66	1661.2	2.394
Rosneft	+2.52	264.4	2.272

(57.9990 rubles – U.S. $1)

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