Russian Stock Market Posts Gains Amid Positive Foreign Market Trends and Rising Oil Prices

Strategic Insights -

The Russian stock market registered gains on Tuesday, driven by favorable foreign market trends and increasing oil prices. The MICEX Stock Exchange benchmark stocks climbed 0.37% to 1,362.32 points and 1.14% to 1,438.94 points on the RTS Index. Notably, futures on the RTS Index decreased by five points, indicating a neutral investor sentiment. Gazprom Neft, Lukoil, Polyus Gold, and Surgutneftegas were among the decliners, while VTB, Gazprom, Rosneft, Sberbank, Tatneft, and Transneft posted gains.

Key Takeaways:

  • The Russian stock market recorded gains on Tuesday due to positive foreign market trends and rising oil prices.
  • The MICEX Stock Exchange benchmark stocks rose 0.37% to 1,362.32 points and 1.14% to 1,438.94 points on the RTS Index.
  • Futures on the RTS Index decreased by five points, indicating a neutral investor sentiment.
  • Declining stocks included Gazprom Neft (-1.6%), Lukoil (-1.4%), Polyus Gold (-1.1%), and Surgutneftegas (-1.4%).
  • Gaining stocks included VTB (+0.8%), Gazprom (+1.2%), Rosneft (+3%), Sberbank (+1.5%), Tatneft (+0.5%), and Transneft (+2.2%).
  • Shares in MMC Norilsk Nickel showed a mixed trend, decreasing by 1% on the MICEX but increasing by 4.5% on the RTS Index.
  • Second-tier stocks on the MICEX Stock Exchange that gained included Avtovaz (+8%), TGK-1 (+5.9%), OGK-2 (+5.9%), VSMPO-Avisma (+5.2%), OGK-1 (+4.7%), and OGK-4 (+4.6%).

Statistics:

  • Total RTS Index trading for the day: $7.746 million.
  • RTS Standard deals: $593.86 million.
  • MICEX Stock Exchange transactions: 57.754 billion rubles.

Sources:

  • Interfax, May 18 (no source provided)