Metallurgists’ shares drove the Russian market down – ForTrader.org financial magazine


  • MOEX Index: 3725.08 (-0.15%)
  • RTS Index: 1599.73 (-0.25%)

Russian indices are falling at the opening of trading on Monday amid a neutral or even moderately positive external background. The pressure is observed in the shares of metallurgists against the background of clearing of dividends and statements by the authorities about the return of excess profits to the budget.

Today the shares of Tattelecom (-7%), Severstal (-5%), Rosseti Moscow Region (-2.8%), MMC Norilsk Nickel (-2.6%) have cleared of dividends.

At the same time, a separate pressure was felt in the actions of the steel workers against the background of the statement of First Deputy Prime Minister Andrei Belousov. According to the official, the companies should return about 100 billion rubles to the budget in the form of tax. NLMK and MMK shares are losing about 1% these minutes.

At the same time, oil in rubles is still kept above the comfortable 5000 for oilmen. Brent in the morning rises in price by 0.8%, to the level of $ 69.25.

S&P 500 futures are up 0.1%.

Heavyweight shares of Sberbank and LUKOIL are up 0.3%. Gazprom loses 0.4%.

The USD / RUB pair is growing by 0.27%, being at the level of 73.35. The OFZ market has been quiet for the third week in a row. The government bond index is in a narrow sideways trend.

Trades are not held today in the US and London, so the activity of market participants is expected to be lower than usual.

Leaders: PhosAgro (-1.1%), VTB (+ 1%), M.Video (+ 1%), Moscow Exchange (+ 0.7%)

Outsiders: Tattelecom (-7%), Severstal (-5%), Rosseti Moscow Region (-2.8%), MMC Norilsk Nickel (-2.6%), MMK (-1%)

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