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Russian stocks rise on corporate news, growth of global floors

MOSCOW, Feb 11 (PRIME) -- Russian stocks increased on Tuesday backed by positive dynamics of global floors and corporate news, analysts said. †

The MOEX Russia Index rose 1.15% to 3,097.58 and the RTS increased 2.37% to 1,539.56.

УOn Tuesday, the Russian stock market managed to demonstrate recovery amid a positive foreign background and corporate news. Our shares were supported by the situation on the energy market, where the nearest futures for Brent crude oil could rise above U.S. $64 per barrel,Ф Promsvyazbank chief analyst Bogdan Zvarich said.

УAlso, purchases were facilitated by the situation on the Western stock markets. In Europe, main indices were adding within 1.2% by the evening, while in the U.S., Dow Jones and S&P500 gained 0.3% and 0.5%, respectively, after first 30 minutes of trading.Ф

Gas giant Gazprom was among growth leaders, adding 3.86% on news coming from the companyТs investor day in New York.

National top lender Sberbank added 0.89% on reports that the government will buy a controlling stake in the bank from the central bank at a market price using money from the National Wealth Fund.

Power holding Inter RAO rose 0.86% on reports that its net profit increased 5% to 21.787 billion rubles in 2019, as calculated under Russian Accounting Standards (RAS), and power output rose 1.7% to 130.203 billion kilowatt-hours.

Flagship carrier Aeroflot and Federal Grid Company of Unified Energy Systems (FGC UES) were among outsiders, losing 0.78% and 1.21%, respectively, Zvarich said.

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

Company Change, % Last price, rbl Trading volume, bln rbl
Gazprom +3.86 233.90 22.133
Sberbank +0.89 254.50 20.382
Lukoil -0.2 6397.50 8.245
Norilsk Nickel +2.18 21910.00 4.055
Surgutneftegas +3.26 47.725 3.987

(63.7708 rubles Ц U.S. $1)

End

11.02.2020 19:14
 
 
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