rebound after fall – ForTrader.org Financial Magazine


  • Moscow Exchange Index: 3712 (+ 0.5%)
  • RTS Index: 1570 (+ 0.7%)

Tuesday trading on key Russian stock market indices began in positive territory. Buyers’ activity is supported by a rebound in oil prices and an improvement in sentiment on world markets. The industry sector of chemistry and petrochemicals leads the growth on corporate news.

Brent futures, after a 6.7% dip on Monday, rebounded 1.1% to $ 69.4. Yesterday’s fall can be called superfluous, so today, with the market sentiment improving, the oil price began to recover. The immediate targets of the rise, given a calm external background, may be the zone of $ 70-72 per barrel.

The USD / RUB pair is losing 0.1% to 74.55. Yesterday, amid the collapse of oil, the national currency looked stable and lost only 0.8%. Today’s weakening of the ruble can be called an echo of yesterday’s correction in black gold.

The market leaders are the shares of NKNKH and Kazanorgsintez. Izvestia, citing FAS, reported that the agency had approved the acquisition of TAIF by Sibur. Thanks to the merger, synergy of petrochemical businesses is expected, which may have a positive effect on investment cases included in TAIF, NKNKH and Kazanorgsintez.

Shares of Lenzoloto are declining. In recent weeks, the volatility in securities has increased – the instrument is in demand among speculators. It is difficult to identify any obvious fundamental idea in the securities, given the likelihood of the company’s liquidation.

Today it is expected to publish operating results for the first half of the year Norilsk Nickel, RusHydro, LSR. Reports in the United States will be presented by: Ally Financial, United Airlines Holdings, Netflix, Philip Morris International and others.

Leaders: Kazanorgsintez-up (+ 10.2%), Kazanorgsintez-jsc (+ 7.3%), NKNKh-jsc (+ 5.6%), NKNKh-up (+ 2.9%), Airplane (+2 ,four%).

Outsiders: Lenzoloto-up (-6.7%), Lenzoloto-up (-4.8%), RUSAL (-0.7%), RusHydro (-0.5%), Transneft-up (-0.5 %).

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