Russian stock market is trying to resume growth – ForTrader.org financial magazine


  • MOEX Index: 3862.88 (+ 0.05%)
  • RTS Index: 1632.59 (+ 0.3%)

The Russian market is growing at the opening of Friday trading. The indices have been correcting in recent days, but to a greater extent this concerned the dollar-denominated RTS, which managed to renew its monthly lows, while the Moscow Exchange index is only 1% away from the record levels.

The USD / RUB rate at the moment exceeded the mark of 75, but has already retreated to 74.5 (-0.28%). Affected by the general pressure of strengthening the dollar on the world market. At the same time, after the correction of the first half of the week due to the unsuccessful meeting of OPEC +, oil prices rose yesterday and today they continue to recover to $ 74.5 per barrel of Brent, which is quite comfortable for the Russian market with oil in rubles above 5500.

A moderate decline was observed yesterday on the American grounds, but today the S&P 500 futures are in positive territory, the European indices are growing.

The rebound in steelmaker shares yesterday was interrupted by a general deterioration in sentiment on the equity markets, and today it resumed with an improvement in the external background: NLMK (+ 1.3%), Severstal (+ 1.6%), MMK (+ 1.5%).

Heavy shares of Gazprom and LUKOIL are slightly negative at 0.1%. Sberbank rises in price by 0.2%.

Shares of Rostelecom-up (-4%), Rostelecom-ao (-4%), Abrau-Dyurso (-1%) were cleared of dividends.

Leaders: Mother and Child (+ 2%), Airplane (+ 1.7%), Severstal (+ 1.6%), MMK (+ 1.5%)

Outsiders: Rostelecom-up (-4%), Rostelecom-jsc (-4%), Abrau-Dyurso (-1%), Polyus (-0.8%)

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