Russian stocks rise paying no attention to global pessimism

MOSCOW, Sep 30 (PRIME) -- The Russian stock market rose on Thursday despite moderately negative sentiments on global bourses, analysts said.

The MOEX Russia Index grew 1.11% to 4,103.52 and the RTS increased 1.21% to 1,777.74.

“The MOEX Russia and the RTS indices tried to develop their growth… However, in the medium term the market looks overbought, which can signal to risks of a start of correction following Western bourses,” Veles Broker analyst Yelena Kozhukhova said.

There were moderately pessimistic sentiments on global bourses, she added. The main U.S. stock indices and the nearest oil futures traded mixed, and European stock exchanges demonstrated a decline.

Metals and mining group Mechel added 5.15% due to speculative factors and strong global prices for coal.

Gold producer Polyus added 2.27% as it was supported with a bounce-back of gold prices from local lows and the shareholders’ approval of paying 267.48 rubles per share in dividends for January–June.

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

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+3.77	340.8	25.344
Gazprom	+0.18	361.54	23.481
Lukoil	-0.86	6932	9.459
Norilsk Nickel	-1.88	21800	8.716
Rosneft	-0.47	616	5.795

(72.7608 – U.S. $1)

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