Correction entered the Russian stock market

  • MOEX Index: 3671.51 (-0.45%)
  • RTS Index: 1571.91 (-0.15%)

Russian indices are falling at the opening of trading on Wednesday amid deteriorating external background. Oil prices retreated from $ 70 per barrel, and corrective sentiments were again outlined in the dynamics of the American indices.

Oil prices dropped below $ 68, shedding 1.1% on news that the US and Iran have made significant progress in negotiating a nuclear deal. Oil in rubles went below 5000.

In the US, indices fell yesterday, and this morning, futures for the S&P 500 are losing another half a percent before the publication of the minutes of the Fed meeting. Investors fear a tightening of the regulator’s rhetoric and an earlier rollback of stimulus measures.

On the Russian market, the most liquid securities went down: Gazprom (-2%), Sberbank (-1.2%).

VTB shares are going against the market (+ 1.3%). The paper rebounds after several days of decline, in particular on the news of the sale of VTB shares by Trust Bank.

Receipts of the Lenta retailer (+ 3%), which announced the purchase of the Billa network, are also getting more expensive.

The USD / RUB pair is down 0.13%, being at the level of 73.6. The RGBI government bond index is growing by 0.06%.

Leaders: Quadra-jsc (+ 5%), Ashinskiy metal plant (+ 3.5%), Lenta-dr (+ 3%), Ozon (+ 2.7%), VTB (+ 1.3%)

Outsiders: Uralsib (-7%), Gazprom (-2%), (-1.4%), Moscow Exchange (-1.3%)

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