You are here: Home » News-CM » International » Market Report
Business Standard

Russia Market ends 0.87% higher

Capital Market 

Russia stock market closed session higher on Friday, 02 April 2021, on the back of bargain buying across the board, with shares in chemical, financial, oil & gas, and metal & mining sectors being notable gainers.

At the closing of Main trading session, the MOEX Russia index increased 0.87% to 3558.22. The index opened 26.35 points higher at 3,553.89 and moved between 3,538.01 and 3,564.31 throughout the day. The turnover in main MOEX Index was at 32.82 billion Russian Rubles.

The RTS Index was up 0.64% to 1,466.71 after moved between 1,462.98 and 1,472.75 throughout the day.

All MOEX ten sectoral indices closed stronger. Among them, the chemical sector index gained 1.42% to 21,735.65, financial index added 1.38% to 11,236.99, and Oil and Gas increased 0.87% to 8,408.

The Metals and Mining Sector Index added 0.67% to 10,689.21, transport sector index jumped 0.61% to 1,324.34, and Consumer sector index rose 0.55% to 9,038.75. The Telecoms Index added 0.49% to 2,302.65 and Electric utilities index inclined 0.26% to 2,253.03.

Among gainers, GDR TCS Group Holding ORD SHS rose 2.79% to 4,696.20, meanwhile Surgut added 2.72% to 37.05. PhosAgro increased 2.71% to 4,240, PhosAgro rose 2.36% to 26.68, and LSR grew 1.67% to 850..

Among losers, PIK SZ fell 2.1% to 919.30, ADS Ozon Holdings PLC ORD SHS dropped 1.07% to 4,387.50, Detsky fell 1.05% to 141.20, and QIWI PLC shed 0.43% to 806.

In the currency market, USD/RUB increased 0.2950 to 23.49.

OTHER NEWS: Russian Deputy Prime Minister Alexander Novak said on Thursday that he hoped global oil inventories, a key parameter for the oil industry, would return to their normal level in 2-3 months. He also said Russia will gradually raise its oil output in May - July in accordance with the decision of the OPEC+ group of leading oil producers. Novak added that Russia's cumulative increase is seen at 114,000 barrels per day during that period.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, April 03 2021. 10:45 IST