Oil & Gas Shares Pull Russian Market Up

  • MOEX Index: 3856.57 (+ 0.38%)
  • RTS Index: 1665.87 (+ 0.73%)

Russian indices are growing in the first minutes of trading on Thursday. The external background is improving at the moment, although in general it has not exerted serious pressure in recent days. Rather, the situation with the increase in the number of people infected with COVID-19 in Russia caused concern.

Oil prices are again approaching $ 75 (+ 0.5%) per barrel of Brent ahead of today’s meeting of OPEC + ministers. The current OPEC + deal is valid until April 2022, then all restrictions can be lifted. On Wednesday, Reuters reported, citing sources in the alliance, that production cuts could be extended beyond April 2022.

Nickel and aluminum prices corrected yesterday, and today the rollback continues. On the contrary, prices for precious metals were growing on Wednesday-Thursday.

American indices remain at record levels. European FTSE and DAX rise 0.7% in the morning.

The rate of the USD / RUB pair is trading at the level of 72.92 (-0.29%). The RGBI government bond index is growing by 0.04%.

Heavy oil and gas sector representatives LUKOIL (+ 0.9%), Gazprom (+ 0.5%) are getting more expensive. In the financial sector, shares of VTB (+ 1.2%) are leading, while Sberbank (+ 0.2%) and Mosbirzh (-0.1%) are holding worse than the market.

Shares of ALROSA (-6.9%) and OGK-2 (-6.5%) were cleared of dividends today.

Leaders: Bashneft-up (+ 2.4%), Lenzoloto-up (+ 1.7%), Raspadskaya (+ 1.3%), TMK (+ 1.3%)

Outsiders: ALROSA (-6.9%), OGK-2 (-6.5%), Qiwi (-0.5%), Polymetal (-0.9%)

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