Blue chips pulled the stock market into negative territory


  • MOEX Index: 3574.15 (-0.44%)
  • RTS Index: 1541.24 (-0.75%)

Russian indices are declining in the first minutes of trading on Wednesday. Blue chips started the day with a slight increase on the background of the rise in oil prices closer to $ 69 per barrel of Brent, but the fixation has already thrown some of them into negative territory.

Crude oil remains above 5,000 and this factor remains an important support for the Russian market. The ruble lost some ground at the opening. The USD / RUB rate returned to 73 (+ 0.28%). At the same time, the RGBI government bond index remains under pressure, which yesterday renewed its lows since April, and today shows a weak rebound.

Analysts expect the Central Bank rate to remain at 4.25% in March, although they are already noticeably higher in the debt market.

In the US yesterday there was a slight pullback of the indices, and today the S&P 500 futures are losing a modest 0.04%. Market participants are awaiting the Fed’s decision on Wednesday amid an alarming rise in government bond yields.

Heavy shares of Sberbank, LUKOIL, Gazprom are losing 0.2% -0.4% these minutes.

For the second day in a row, there has been activity of speculators in the shares of alcohol producers in the absence of corporate news: Beluga (+ 21%), Abrau-Dyurso (+ 3%).

Rusal shares lost 1.7% after the publication of the quarterly report. 1.1% is lost by InteRAO, whose board of directors recommended paying 0.180711206896552 rubles. dividends per ordinary share.

Leaders: Beluga (+ 21%), Abrau-Dyurso (+ 3%), RusAqua (+ 3%), TCS (+ 1.3%), RusAgro (+ 0.7%)

Outsiders: Rusal (-1.7%), Fix Price (-1.5%), InterRAO (-1.1%), Raspadskaya (-1.1%)

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