Moscow Exchange index updates week lows

  • MOEX Index: 3386.78 (-0.81%)
  • RTS Index: 1443.48 (-1.22%)

Russian indices are falling at the opening of Friday trading. The Moscow Exchange index updates the lows of the week. Russian assets have been under pressure in recent days, which can be explained by fears of new sanctions. Now we are seeing some deterioration in the external background.

Bloomberg reported yesterday that the EU has already begun discussing new anti-Russian sanctions.

Oil prices could not hold above $ 61 per barrel and in the morning are losing 0.8%, dropping to $ 60.6 per barrel of Brent. Yesterday OPEC cut its forecast for growth in global oil demand this year by 0.1 million bpd to 5.8 million bpd, and the IEA – to 5.4 million bpd.

S&P 500 futures in the morning are losing 0.2%.

Blue chips are falling slightly ahead. Heavy Sberbank, LUKOIL, Gazprom lose 0.6%, 0.7% and 0.8% respectively.

Sistema shares look worse than the market (-1.3%).

Better than the market are securities Mechel-up (+ 1.4%), HeadHunter (+ 1%). Among the less liquid ones, a noticeable increase is observed in the shares of Beluga, which rise in price by 10%.

The ruble is getting cheaper. The USD / RUB pair jumped half a percent to 74. The government bond index is slightly higher, remaining at multi-month lows.

Leaders: Beluga (+ 10%), Mechel-up (+ 1.4%), Pharmsynthez (+ 1%), HeadHunter (+ 1%)

Outsiders: Sistema (-1.3%), Rusolovo (-1.2%), Gazprom (-0.8%), LUKOIL (-0.7%)

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