Russian stocks edge up supported by positive environment - Financial Wire - 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

Russian stocks edge up supported by positive environment

MOSCOW, Jan 11 (PRIME) -- Russian stocks firmed on Friday supported by a favorable external background as international investors still hope for a positive outcome of a U.S.ЦChina trade war, analysts said.

The MOEX Russia Index rose 0.42% to 2,444.45 and the RTS increased 0.56% to 1,148.75.

УIn spite of an ongoing shutdown of the U.S. governmentЕthe of the stock market players was moderately positive or neutral. Investors wish to believe more in a further de-escalation of the trade war between China and the U.S. as they think that the Congress will coordinate a new budget eventually. The current show in the U.S. politics is no threat to the countryТs economy or ratings,Ф Vasily Oleinik, investment company FinamТs expert, said.

Veles Broker analyst Yelena Kozhukhova said that the market situation today was favorable for short-term УbullishФ purchases as the U.S. Treasury confirmed its intent to soften sanctions against aluminum giant UC RUSAL, multi-industry holding En+ Group, and affiliates.

RUSAL gained 3.95%, while En+ Group rose 8.35%.

The Russian stock market could have grown more, but the upward movement was restrained by a negative start of trade in the U.S., where the major indices lost 0.3Ц0.5% at the beginning of the day due to weak sales data from some retailers and reduction of revenue guidance from several companies. The Brent oil price also slid about 1.5%, Kozhukhova said.

Andrei Kochetkov, analyst at Otkritie Broker, said that the shares of the Moscow Exchange rose 3.90% in the day as the bourse published a strong operating report for 2018 on Thursday.

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

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank +0.03 196.80 12.591
Lukoil +0.93 5200.00 3.535
Gazprom +0.50 161.00 2.826
Moscow Exchange +3.90 88.00 1.944
ALROSA +1.02 104.00 1.941

(66.8605 rubles Ц U.S. $1)


11.01.2019 19:12
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 74.0613 +0.0376 15 mar
USD 65.4021 -0.1869 15 mar
Stock Market Indices
1D 1W 1M 1Y
rtsi 1226.26 +0.53 18:50 20 mar
micex 2504.23 +0.44 18:50 20 mar
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 156.09 +0.38 18:49 20 mar
lkoh 5770.00 +1.54 18:49 20 mar
rosn 408.50 +2.38 18:49 20 mar
sber 209.80 +1.01 18:49 20 mar
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 73.0075 -0.0250 14:59 20 mar
USDTD 64.3050 -0.2350 17:44 20 mar