Russian stocks rise on positive foreign background, strong crude

MOSCOW, Sep 28 (PRIME) -- The Russian stock market was trading higher on Thursday in light of a better foreign environment and crude prices that remain at a high level, analysts said.

The MOEX Russia Index grew 1.32% to 3,108.07 and the RTS increased 1.18% to 1,011.04.

“The Russian stock market remained in the positive territory supported by growth of some issuers and a slight improvement of the external background,” Veles Broker analyst Yelena Kozhukhova said.

“The MOEX Russia and the RTS indices demonstrated upward correction movement to the target levels of 3,150 and 1,025 marks, respectively,” she added.

Kozhukhova also said that foreign stock exchanges bounced back from local lows thanks to positive inflation signals. Sentiments on the U.S. market will be highly influenced by the upcoming statements of Federal Reserve Chair Jerome Powell.

Yakov Yakovlev, managing company Pervaya’s senior portfolio manager, said that there was the third consecutive session of growth on the Russian stock market, and the MOEX Russia Index rose close to 3,100 thanks to a positive external environment and high crude prices.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+0.66	257.8	6.138
Lukoil	+2.03	6622	5.847
Sovcomflot	+4.02	121.53	5.181
Softline	+33.63	200.5	5.042
Moscow Exchange	-3.03	177.71	4.540

(96.5000 rubles – U.S. $1)

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