Ozone leads the stock market today

  • MOEX Index: 3657.97 (+ 0.16%)
  • RTS Index: 1555.33 (+ 0.17%)

The Russian market shows slight growth at the opening of trading on Wednesday. Yesterday, the Moscow Exchange index sharply retreated from the region of record levels amid clearing of dividends from heavy Sberbank shares and general weakness in global equity markets.

The external background in the early morning was still negative, but gradually improved. Oil is already growing by 0.8%, holding around $ 69 per barrel of Brent, and futures for the S&P 500 won back the morning drawdown and went to zero. European indices are growing at the opening of 0.2-0.4%.

Oil in rubles is still held at very comfortable levels, around 5100. The drawdown of the beginning of the week in prices for certain metals – nickel, copper – has already been bought out.

Among the liquid securities, Ozon receipts are among the leaders, rising in price by 2% after their inclusion in the MSCI Russia index.

At the same time, shares of Sberbank and Gazprom lost 0.1%. LUKOIL rises in price by 0.05%. MosEx shares are up 0.6% ahead of today’s dividend cut.

The USD / RUB pair is growing by 0.02%, being at the level of 74.12.

Today is full of important events. Market participants are waiting for the publication of data on inflation in the US, oil reserves. The IEA will release a report on the oil market. Bank of Russia Governor Elvira Nabiullina will take part in the NAUFOR event.

Leaders: KuznetskiyB (+ 6%), Ozon (+ 2%), En + (+ 1.5%), Yandex (+ 0.8%).

Outsiders: TCS (-0.8%), Polyus (-0.6%), Magnit (-0.6%), ALROSA (-0.6%)

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