Sberbank propels stocks higher, oil prices, foreign environment help - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Sberbank propels stocks higher, oil prices, foreign environment help

MOSCOW, Jan 31 (PRIME) -- Russian stocks grew on Wednesday propelled by top lender Sberbank, a favorable external background and stabilization of oil prices, analysts said.

The MOEX Russia Index rose 0.42% to 2,289.99 and the RTS increased 0.58% to 1,282.36


Sofya Kirsanova, an analyst at managing company Raiffeisen Capital, said that the market was supported by a 2.60% rise in Sberbank common shares to 264.50 rubles, securing about a half of the increase of the MOEX Russia Index.

Andrei Kochetkov, an analyst at Otkritie Broker, said that Sberbank was overheated significantly. УOn the other hand, securities of Sberbank are usually seen as a derivative of relation of foreigners towards all Russian assets,Ф he said.

Daniil Yegorov, head of the trade strategy department at Swiss brokerage house Dukascopy Bank SA, said that the positive external background and stabilization of oil prices supported Russian companiesТ shares.

УDespite the U.S. Treasury Department confirmation that it will apply sanctions on people mentioned in the Kremlin Report, investors donТt pay much attention to it because they think that restrictions will be limited to arrest of assets and prohibition to enter the U.S.,Ф Kirsanova said.

УA report on OFZ federal bonds is of a higher importance for the stock market, but its expanded edition will be published tomorrow, this is why it had little impact on the trade today.Ф

Kirsanova also said that metals giant Norilsk Nickel also helped the Russian stock market growing 1.09% to 11,608 rubles. The company posted positive operating report for 2017, confirmed its plans for 2018, and may show strong financial results for 2017 taking into account that world prices for all metals that Norilsk Nickel produces traded above average annual levels in OctoberЦDecember 2017, Kirsanova said.

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

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank +2.60 264.50 16.694
Gazprom -0.10 143.36 6.329
Lukoil +0.40 3728.00 3.856
Magnit -1.64 5330.00 2.427
Norilsk Nickel +1.09 11608.00 2.023

(56.2914 rubles Ц U.S. $1)


31.01.2018 19:11
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 71.8427 -0.1227 23 may
USD 64.4156 -0.1216 23 may
Stock Market Indices
1D 1W 1M 1Y
rtsi 1292.79 +1.07 18:50 22 may
micex 2638.71 +0.85 18:50 22 may
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 208.10 +0.14 18:49 22 may
lkoh 5317.50 +0.33 18:47 22 may
rosn 414.00 -0.47 18:48 22 may
sber 235.86 +1.35 18:49 22 may
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 71.9225 -0.0725 14:59 22 may
USDTD 64.4775 +0.0400 17:44 22 may