Russian stocks rise on positive environ, purchases in some sectors

MOSCOW, Jan 23 (PRIME) -- The Russian stock market grew on Monday as it received support from the favorable external background, and purchases in the consumer, financial, and transport sectors, analysts said.

The MOEX Russia Index rose 0.86% to 2,185.31 and the RTS increased 0.69% to 998.69.

“The external background was moderately positive for the Russian market during the day. The oil prices rose again, and the global mood was positive. The leading global indices were in the green zone, and the MOEX Russia Index and the RTS Index were also in the green,” Ivan Kapustyansky, analyst at managing company Pervaya, said.

The MOEX Russia Index corrected upwards after two days of sales, but the short-term upward trend persists, and may turn into growth in the range of 2,230–2,260, Kapustyansky said.

Veles Capital analyst Yelena Kozhukhova said that the Russian indices grew because of purchases in some sectors of the market.

“The Russian stock market was marginally in the green zone mainly because of purchases in the consumer, financial, and transport sectors,” she said.

The receipts of online marketplace Ozon gained 3.33% to 1,615 rubles to a record since mid-February on the news that it rented a large logistics park in the Moscow Region replacing Aliexpress in the largest deal on the storage market in 2022, Kozhukhova said.

Kapustyansky also said that the shares of metals giant Norilsk Nickel lost 1.04% to 14,996 rubles on the news that the company’s management had discussed cutting dividends for 2022 to U.S. $1.5 billion from $6.3 billion the company paid on 2021 results.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+1.43	153.54	7.514
Gazprom	+0.72	160.00	2.211
Norilsk Nickel	-1.04	14996.00	1.927
Lukoil	+0.63	3969.00	1.229
ALROSA	+2.08	61.41	1.009

(68.6656 rubles – U.S. $1)

End