Heavy Russian stocks are going down today – ForTrader.org financial magazine


  • Moscow Exchange Index: 3860.8 (-0.88%)
  • RTS Index: 1614.5 (-1.64%)

The Russian stock market goes down at the opening of trading on Thursday. If the Moscow Exchange index retreats only to the lows of the week after the renewal of record levels in its first half, the dollar RTS renews the lows of the month against the background of the ruble decline.

The USD / RUB pair is already above 75 (+ 0.61%) for the first time since the beginning of May. The weakening of the Russian currency is being pushed both by the correction in oil prices and the general strengthening of the dollar on the world market. The yield on 10-year US government bonds fell below 1.3% on the week, these are the levels of February, despite the fact that since then some success has been achieved in mass vaccination, and inflation has risen to 5% at CPI.

External background in the morning is moderately negative. S&P 500 futures are already losing half a percent, Asian and European markets are in the red.

Better than the market are shares of steelmakers: NLMK (+ 1.5%), Severstal (+ 1.3%), MMK (+ 0.8%). In the securities there is a rebound for the second day in a row after a significant correction that has passed since the April highs, provoked by the government’s intention to withdraw some of the excess profits from metallurgists.

Heavy stocks are going down: while Sberbank loses 0.4%, representatives of the oil and gas sector – LUKOIL and Gazprom – fall in price by 2% and 1.5%, respectively. The latter could not get to the round mark at the level of 300 rubles before the correction.

The shares of RusHydro (-5.4%), Detsky Mir (-3.4%), Tatneft-up (-2.2%), Tatneft-jsc (-1.9%) were cleared of dividends.

Today is the last day the shares of Abrau-Dyurso, NKHP, Rostelecom, NCSP are traded with dividends.

Leaders: NLMK (+ 1.5%), Severstal (+ 1.3%), Lenzoloto-up (+ 1%), MMK (+ 0.8%)

Outsiders: RusHydro (-5.4%), Detsky Mir (-3.4%), Tatneft-up (-2.2%), Mother and Child (-2.1%)

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