Russian stocks rise on local corporate reports, global positivity

MOSCOW, Aug 29 (PRIME) -- The Russian stock market edged up on Tuesday amid publication of many quarter financial reports by various issuers and restrained global optimism, analysts said.

The MOEX Russia Index grew 0.40% to 3,211.36 and the RTS increased 0.19% to 1,059.98.

“The Russian stock market bounced back from the day’s highest by the end of the main trading session and demonstrated no significant changes thanks to profit-taking from some shares and the ruble dynamics,” Veles Broker analyst Yelena Kozhukhova said.

The market was valuing a large amount of quarter financial reports by various issuers, but not the one of gas giant Gazprom yet, whose shares looked demanded despite vague interim dividend outlooks, she added.

Kozhukhova said that there was an optimistic sentiment on foreign stock exchanges, and the U.S. market signaled about the end of its downward trend. A moderately positive environment was seen on Europe’s bourses and on the energy market.

Managing company Pervaya analyst Sofya Kirsanova said that the MOEX Russia Index was trading close to its annual highest of 3,225, which can be broken through already this week.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Gazprom	+1.76	179.3	13.818
Lukoil	+0.8	6715	10.380
UAC	+35.21	2.4	9.976
Sberbank	-0.17	266.47	8.647
Irkut	+17.98	121.05	8.192

(95.4717 rubles – U.S. $1)

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