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Russian stocks surge backed by positive international environment

MOSCOW, May 20 (PRIME) -- The Russian stock market demonstrated positive dynamics on Wednesday thanks to a multisided support of global energy and stock markets, as well as internal corporate stories, analysts said.

The MOEX Russia Index grew 2.18% to 2,770.79 and the RTS rose 4.10% to 1,225.47.

УThe Russian stock market continued its upward dynamics on Wednesday with the energy marketТs dynamics encouraging purchases. The nearest Brent oil futures reached U.S. $36 per barrel,Ф senior analyst at Promsvyazbank Bogdan Zvarich said.

The domestic market was additionally supported by Western bourses with the European benchmarks adding up to 1.2% in the evening, and the U.S.Тs Dow Jones and S&P500 growing 1.6% and 1.7%, respectively.

Veles Broker analyst Yelena Kozhukhova said that childrenТs goods retailer Detsky Mir was among the top gainers jumping by significant 9.39% thanks to stronger-than-expected operating results for April.

She added that metals giant Norilsk Nickel was another best performer, which added 4.71% following a recent rise in prices for nickel and palladium, as well as ahead of the coming record date for 2019 dividend payment.

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

Company Change, % Last price, rbl Trading volume, bln rbl
Sberbank +2.63 193.98 17.814
Gazprom +1.31 196.74 14.446
Lukoil +3.38 5450 12.093
Norilsk Nickel +4.71 22952 9.498
Rosneft +1.00 380.25 5.602

(72.3918 rubles Ц U.S. $1)

End

20.05.2020 19:28
 
 
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