The market for Russian shares grew by 0.5%

The market for Russian shares grew by 0.5%

The market for Russian shares grew by 0.5%

The stock market of the Russian Federation won back the morning drawdown and finished trading in positive territory following the global markets and oil prices that began to rise. The Moscow Exchange index exceeded the level of 2900 points,

On Friday in Asia, the dynamics of indices was mixed, Korea and Australia declined, but Japan and China rose (Japan's Nikkei 225 rose 0.7%, China's Shanghai Composite index – 0.8%, Hong Kong's Hang Seng added 0.8% ). Europe was trading in the green zone and America opened on an upward trend.

Oil on Friday tried to stabilize after falling under pressure from the statistics published yesterday on US stocks and fears about demand. Data from the US Department of Energy showed an increase in oil reserves for the week by 2 million barrels against forecasts of a decline of 0.5-3 million barrels, while reserves of gasoline and distillates declined more than expected.

The deterioration in trader sentiment is also associated with signs of another escalation of tensions between Washington and Beijing and worries about sluggish demand due to the continued increase in the number of coronavirus infections.

The Moscow Exchange index increased by 0.45% and amounted to 2910.51 points.

The RTS index rose by 0.53% to 1223.05 points.

The growth leaders among blue chips were Irkutskenergo (MCX: IRGZ), Gazprom (MCX: GAZP), Tatneft (MCX: TATN) (oa), LUKOIL (MCX: LKOH), Surgutneftegaz (MCX: SNGS).

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