Russian stocks rise on improved global moods, high oil
MOSCOW, Apr 5 (PRIME) -- Russian stocks increased on Thursday backed by growth of oil prices and improvement of global moods, analysts said.
The MOEX Russia Index rose 1.35% to 2,296.25 and the RTS increased 1.05% to 1,253.47.
“On Thursday, the Russian market follows external signals. Positive moods in Europe and the U.S., as well as oil around U.S. $68 (per barrel) help the market to maintain a significant plus,” Otkritie Broker analyst Andrei Kochetkov said.
Veles Capital analyst Alexei Adonin said the foreign background could be described as positive on Thursday. “Chinese markets were closed on holidays, while Western traded in a good plus – European indices were adding up to 3% and the U.S. by up to 1.5%,” he said.
Metals and mining company Mechel was among outsiders falling by 4.26% after reporting that its net profit fell to 443 million rubles in October–December 2017 from 6.12 billion rubles in July–September, as calculated under International Financial Reporting Standards (IFRS).
Hydropower giant RusHydro added 2.01% after saying that it plans to spend 443 billion rubles on investments in 2018–2023, Kochetkov said.
Below are the MOEX Russia Index’s five most active stocks on Thursday:
|Company||Change, %||Last price, rbl||Trading volume, bln rbl|
(57.7646 rubles – U.S. $1)