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Russian stocks remain in plus despite worsened background

MOSCOW, May 19 (PRIME) -- The Russian stock market managed to continue the upward trend on Tuesday despite some deterioration of the foreign background, analysts said.

The MOEX Russia Index grew 0.65% to 2,711.72 and the RTS rose 0.80% to 1,177.24.

УThe MOEX Russia Index and the RTS Index remained in plus by the end of trading despite some deterioration of moods abroad,Ф Veles Capital analyst Yelena Kozhukhova said.

The foreign background was mixed. Trading in the U.S. started without single dynamics of three main indices, which were changing within 1% by the end of the Russian session. Moderately negative moods prevailed on European floors.

Moderately positive moods were seen on the oil market. The July futures for Brent and WTI oil retreated from the peaks of the day, but tried to remain in plus adding less than 0.5%.

State-controlled telecom operator Rostelecom was among growth leaders, with its preferred shares rising 2.42% on solid financial results for JanuaryЦMarch. Hydropower giant RusHydro grew 2.72%.

Top lender SberbankТs preferred shares fell 1.44 % after the bankТs management postponed a decision on dividends for 2019 to the end of August.

Gold producer Polyus and real estate developer LSR Group were also among outsiders, losing 1.2% and 1.5%, respectively.

Below are the MOEX Russia IndexТs five most active stocks on Tuesday:

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank +0.04 189.00 19.952
Gazprom +0.88 194.20 11.655
Lukoil +1.96 5272.00 11.060
Norilsk Nickel +2.08 21920.00 7.577
Rosneft +0.39 376.50 7.154

(72.9798 rubles Ц U.S. $1)


19.05.2020 19:39
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