Russian stocks rise on positive mood, corp stories, stronger ruble

MOSCOW, Jul 25 (PRIME) -- The Russian stock market moderately rose on Wednesday supported by growth on the European and U.S. floors, corporate stories and stronger ruble, analysts said.

The MOEX Russia Index edged up by 0.17% to 2,196.22, and the RTS index increased by 1.58% to 1,153.95.

“The Russian stocks were supported by dynamics of the energy market, with the nearest oil futures rising 0.9% to above U.S. $100. The purchases were also provided by growth of interest in risk assets,” senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said.

The main European stock indices grew within 1% and the main U.S. indices rose within 1.2% before the closing of trade in Russia, Zvarich said.

Veles Capital’s analyst Yelena Kozhukhova said that the Russian stock market received support from corporate stories and stronger ruble.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	-0.3	132.5	5.666
Gazprom	+1.31	196.49	5.565
Yandex	-3	2072	3.760
Novatek	+2.98	1038	3.292
Norilsk Nickel	-1.32	15640	3.258

(58.6605 rubles – U.S. $1)

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