Mosbirzhi index renews its all-time high

  • Moscow Exchange Index: 3507.03 (-0.04%)
  • RTS Index: 1502.37 (-0.19%)

The Russian market updated record levels for the Moscow Exchange at the opening of trading on Friday. The index climbed to 3522.75 points, exceeding the extreme set earlier in January. High oil prices allowed this maneuver to materialize.

Crude oil is holding around 5080, at the highest levels since October 2018. At the same time, prices are currently declining. Brent lost half a percentage point, dropping to $ 69.2 per barrel.

S&P 500 futures are down 0.1% after yesterday’s 1.04% rise in the index. In the United States, the positive was associated with the signing by Joe Biden of a bill on a stimulus package worth $ 1.9 trillion.

The initial growth of the Moscow Exchange index partly reflected yesterday’s dynamics in the evening session, while in the morning the blue chips slipped somewhat as the external background weakened.

Heavyweight Gazprom and Sberbank are losing 0.5% these minutes, while LUKOIL is getting cheaper by 0.7%.

Selling continues in M.Video-Eldorado shares (-2.8%) after news of the SPO price.

The USD / RUB rate is growing by 0.34% to 73.55. The RGBI government bond index bounced off multi-month lows, adding 0.12%.

Leaders: Varieganneftegaz-jsc (+ 10%), Beluga (+ 4%), Yatek (+ 4%), Ozon (+ 1.5%), Qiwi (+ 1.3%)

Outsiders: M.Video-Eldorado (-2.8%), Rusal (-1.6%), Russneft (-1%), Polymetal (-0.8%)

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