Gazprom and Sberbank dragged the market down today


  • MOEX Index: 3270.53 (-0.37%)
  • RTS Index: 1404.47 (-1.04%)

The Russian market declines at the opening of Friday trading. Most blue chips are in the red, in particular the heavyweight Sberbank and Gazprom are pulling the indices down, losing about 1.3%.

The Moscow Exchange index yesterday within the day sagged significantly from the record levels reached, and today it continues a corrective rollback.

The external background is relatively calm. Oil prices remain above $ 51 per barrel of Brent, losing half a percent in the morning. S&P 500 futures are down 0.14%. Yesterday the American market was breaking record levels. The Moderna vaccine has been approved by an advisory committee, and the FDA itself can now announce the drug’s approval.

The USD / RUB pair with the calculations jumped tomorrow morning to 73.4 (+ 0.8%).

Market participants are expecting a meeting of the Bank of Russia today. Analysts assume that the key rate will remain at the same level, so attention will be paid to the new promises of the Central Bank for the next year.

Leaders: Ashinsky Steel Plant (+ 3%), En + (+ 1.8%), Lenta (+ 1.1%), TMK (+ 0.9%), Yandex (+ 0.9%)

Outsiders: HeadHanter (-2.3%), Sberbank (-1.3%), Gazprom (-1.3%), Detsky Mir (-1.2%), OKEY (-1%)

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