Oil workers ‘stocks are being bought today, metallurgists’ stocks are being sold

  • Moscow Exchange Index: 3670.85 (+ 0.28%)
  • RTS Index: 1572.32 (+ 0.18%)

The Moscow Exchange index is growing by 0.3% in the first minutes of trading on Monday. The external background is generally moderately positive. In developed markets, the correction did not develop last week. Oil prices, having experienced pressure amid statements about a potential “nuclear deal” with Iran, have stabilized at comfortable levels.

The Moscow Exchange index is close to record levels.

Brent is currently rising in price by 0.7% to $ 67.1 per barrel. S&P 500 futures added 0.3%. Oil in rubles runs around 4930.

Heavyweight shares of Sberbank (+ 1%) against this background continue to recover towards the highs set after clearing dividends.

Gazprom and LUKOIL rise in price by 0.1% and 0.7%, respectively. In general, the oil and gas sector is growing: Tatneft-jsc (+ 0.8%), Surgutneftegaz-ap (+ 0.6%), Rosneft (+ 0.6%).

The pressure was on the shares of metallurgists, in particular steelmakers, amid efforts by the Chinese authorities to cool metal prices: Rusal (-1.3%), Severstal (-0.3%), MMK (-0.3%), MMC Norilsk Nickel (-0.1%).

The USD / RUB pair is declining by 0.06%, being at the level of 73.5. The RGBI government bond index is growing by 0.05%.

Leaders: HSCI (+ 6%), Russneft (+ 1.6%), Ozon (+ 1.1%), Sberbank (+ 1%)

Outsiders: Mechel-up (-2%), Rusal (-1.3%), Rosseti-jsc (-1.1%), Mechel-jsc (-0.8%)

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