Stocks rise on higher oil, Ukrainian conflict discussion in Moscow

MOSCOW, Feb 6 (PRIME) -- Russian stocks continued growing on Friday supported by the Brent positive dynamics and ahead of the Ukrainian conflict discussion by leaders of Russia, France and Germany, analysts said.

The MICEX rose 3.50% to 1,755.45 and the RTS increased 2.72% to 826.40.

“The MICEX index rose about 3% in light of growing oil prices and optimism caused by today’s meeting of (President) Vladimir Putin with leaders of Germany and France,” Sofiya Kirsanova, analyst at Raiffeisen Capital, said.

“The positive dynamic was backed by the forecast of representatives of French oil company Total that oil price decrease will stop soon and oil quotations will return to U.S. $100–$100 per barrel,” she said.

Magnit rebounded 8.21% to 11,075 rubles after a Thursday fall triggered by the news that Lavreno Limited controlled by Sergei Galitsky, Magnit’s major shareholder, sold 1 million shares at 9,823 rubles per paper.

Uralkali fell 0.66% to 173.05 rubles on the news that the company was forced to evacuate equipment from flooded Solikamsk-2 mine due to increased flooding, Kirsanova said.

Below are the MICEX’ five most active stocks on Friday:

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+3.04	64.31	11.494
Gazprom	+2.71	151.60	8.144
Lukoil	+4.14	3120.10	6.697
Magnit	+8.21	11075.00	3.631
Rosneft	+3.98	261.00	3.221

(68.6113 rubles – U.S. $1)

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