Rouble recovers, stocks soar as trade resumes after month-long hiatus



* Energy stocks see double-digit gains on Moscow reopening

* Sanctioned lender VTB, Aeroflot suffer falls

* Rouble strengthens vs dollar, euro after Putin statement

* OFZ benchmark 10-year yield nudges lower to 13.64%

* Moscow Exchange to restart trading more instruments

March 24 (Reuters) - Energy and metals firms led a jump in Russian stocks on Thursday as trading resumed after almost a month's suspension, reflecting soaring global prices for oil, gas and other commodities on fears the Ukraine crisis will threaten supply.

The market was also underpinned by a government commitment to support stocks, leading a senior U.S. official to dismiss the limited resumption of trading as a "a charade: a Potemkin market opening".

Stocks had not traded on Moscow's bourse since Feb. 25, the day after President Vladimir Putin sent troops into neighbouring Ukraine, prompting Western sanctions aimed at isolating Russia economically and then Russian countermeasures.

The reaction has cut off Russian financial markets from global networks and sent the rouble currency tumbling. Stocks had also plunged immediately after Moscow launched what it calls "a special military operation" to disarm and "denazify" its southern neighbour.

Restrictions on trade with foreigners and a ban on short selling remained in place on Thursday as the Moscow Exchange cautiously resumed equities trading. On Friday, more securities, including corporate bonds and Eurobonds will be traded, the central bank said.

"We will do everything possible to open all segments of the stock market soon," Boris Blokhin, head of Moscow Exchange's stock market department, said.

STELLAR GAINS

The short session saw energy firms make stellar gains, with gas producer Novatek NVTK.MM , oil majors Rosneft ROSN.MM and Lukoil LKOH.MM and gas giant Gazprom GAZP.MM up 12%-18.5%.

Brent crude oil LCOc1 , a global benchmark for Russia's main export, was trading near $120.6 per barrel on Thursday, having jumped more than 20% from a month ago as worries about supply disruptions from the Ukraine crisis drive up prices.

Shares in mining giant Nornickel also gained 10.2% GMKN.MM .

Novatek and Nornickel pared losses sustained since before Feb. 24 by the session's close. Fertiliser producer Phosagro PHOR.MM closed at a record high.

"Large bids to buy Russian shares have been seen since the market opening," BCS Brokerage said in a note, adding that a promise Russia's rainy-day fund will buy shares was also underpinning the market.

"The overall sentiment is supported by the confidence that the finance ministry will buy stocks," BCS said.

The government said on March 1 that it would use up to 1 trillion roubles ($10.4 billion) from the National Wealth Fund to buy battered Russian stocks, although it was not clear whether any purchases were being made on Thursday.

The finance ministry did not immediately respond to a request for comment.

'POTEMKIN MARKET OPENING'

A senior U.S. official said Moscow's commitment to buy amounted to artificially propping up shares, and called the limited resumption "a Potemkin market opening".

"This is not a real market and not a sustainable model - which only underscores Russia's isolation from the global financial system," deputy White House national security adviser Daleep Singh said in a statement.

Trading in Russian companies listed on the London Stock Exchange remains suspended. Prices of some instruments had plunged to almost zero before the bourse halted trading of them in early March.

The Moscow Exchange said 567,000 private investors had accounted for 58.2% of Thursday's trading volume, with 121 professional participants conducting the remainder.

"Today the first step was made in our new reality," said Elbek Dalimov, head of equity trading at Aton brokerage, adding that trading orders were limited with non-residents, who hold more than half the free float on the market, sidelined.

"In the morning we saw a huge number of retail investors who on the one hand were closing short positions and on the other were ready to park their roubles in shares, so as to somehow save them from inflation," he said.

The benchmark MOEX stock index ended the short trading session 4.4% higher at 2,578.51 points, having earlier reached a day peak of 2,761.17 .IMOEX .

The dollar-denominated RTS index .IRTS fell 9% on the day to 852.64, pressured by the weaker rouble, according to MOEX data that was suspended in the Eikon terminal.

The negative impact of sanctions was clear in some sectors, with shares in Russia's second-largest lender VTB VTBR.MM down 5.5%. And with most European airspace closed to Russian planes, flagship carrier Aeroflot AFLT.MM sank 16.44%.

Trading apps of major brokerages with leading banks, including Sberbank, VTB and Alfa, reported temporary problems with processing clients' orders following the restart.

ROUBLE FIRMS

The rouble meanwhile extended its recovery, gaining 1.3% to trade at 96.50 against the dollar RUBUTSTN=MCX in Moscow trade by 1502 GMT.

The currency had hit its strongest level in three weeks at 94.975 on Wednesday after Putin said Russia would start selling its gas to "unfriendly" countries in roubles.

Against the euro, the rouble was 2.1% higher at 105.75 EURRUBTN=MCX , pulling further away from an all-time low of 132.4 it hit in Moscow trading earlier in March, but far from levels of around 90 seen before Feb. 24.

Russia resumed trading of OFZ treasury bonds on Monday with the central bank helping to stabilise the market with interventions, the amount of which it has not yet disclosed.

Yields of benchmark 10-year OFZ bonds, which move inversely to their prices, stood at 13.68% after hitting an all-time high of 19.74% on Monday RU10YT=RR . ($1 = 96.0000 roubles)



Russian .IMOEX stock index rebounds as trading resumes Link



Reporting by Reuters

Avertissement : Les entités de XM Group proposent à notre plateforme de trading en ligne un service d'exécution uniquement, autorisant une personne à consulter et/ou à utiliser le contenu disponible sur ou via le site internet, qui n'a pas pour but de modifier ou d'élargir cette situation. De tels accès et utilisation sont toujours soumis aux : (i) Conditions générales ; (ii) Avertissements sur les risques et (iii) Avertissement complet. Un tel contenu n'est par conséquent fourni que pour information générale. En particulier, sachez que les contenus de notre plateforme de trading en ligne ne sont ni une sollicitation ni une offre de participation à toute transaction sur les marchés financiers. Le trading sur les marchés financiers implique un niveau significatif de risques pour votre capital.

Tout le matériel publié dans notre Centre de trading en ligne est destiné à des fins de formation / d'information uniquement et ne contient pas – et ne doit pas être considéré comme contenant – des conseils et recommandations en matière de finance, de fiscalité des investissements ou de trading, ou un enregistrement de nos prix de trading ou une offre, une sollicitation, une transaction à propos de tout instrument financier ou bien des promotions financières non sollicitées à votre égard.

Tout contenu tiers, de même que le contenu préparé par XM, tels que les opinions, actualités, études, analyses, prix, autres informations ou liens vers des sites tiers contenus sur ce site internet sont fournis "tels quels", comme commentaires généraux sur le marché et ne constituent pas des conseils en investissement. Dans la mesure où tout contenu est considéré comme de la recherche en investissement, vous devez noter et accepter que le contenu n'a pas été conçu ni préparé conformément aux exigences légales visant à promouvoir l'indépendance de la recherche en investissement et, en tant que tel, il serait considéré comme une communication marketing selon les lois et réglementations applicables. Veuillez vous assurer que vous avez lu et compris notre Avis sur la recherche en investissement non indépendante et notre avertissement sur les risques concernant les informations susdites, qui peuvent consultés ici.

Nous utilisons des cookies pour vous donner la meilleure expérience possible de notre site internet. En savoir plus ou modifier vos paramètres de cookies.

Avertissement sur les risques : votre capital est à risque. Les produits à effet de levier ne sont pas recommandés pour tous. Veuillez consulter notre Divulgation des risques