Russian stocks rise on growth of global floors, oil prices

MOSCOW, Feb 2 (PRIME) -- Russian stocks increased on Tuesday backed by growth of Western floors and rising oil prices, analysts said.

The MOEX Russia Index grew 2.10% to 3,360.25 and the RTS increased 2.57% to 1,398.99.

“The MOEX Russia Index and RTS accelerated their growth by the end of trading, continuing to receive support from the favorable foreign background,” Veles Capital analyst Yelena Kozhukhova said.

The foreign background was positive. Trading in the U.S. started with growth of three main indices, which were adding 1.3–1.8% by the end of the Russian session. Positive moods were seen on European floors.

The nearest futures for Brent and WTI oil accelerated growth by the evening and were adding around 2.5%.

Real estate developer PIK Group was among growth leaders, adding 5.65%. Multi-industry holding Sistema grew 4.17%.

Precious metals producer Polymetal fell by 2.49% and gold producer Petropavlovsk decreased by 2.03% following correction of prices for gold and silver.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+1.21	267.00	17.061
Gazprom	+0.95	216.70	14.999
Lukoil	+2.85	5560.00	12.566
Norilsk Nickel	+0.18	24912.00	5.085
Rosneft	+1.58	485.90	4.601

(75.5053 rubles – U.S. $1)

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