Russian stock market renews weekly highs

  • Moscow Exchange Index: 3273.42 (+ 0.44%)
  • RTS Index: 1398.7 (+ 0.53%)

The Russian market renews its week highs at the opening of Tuesday’s trading. The external background remains moderately positive. Yesterday, the US market rose almost 0.9%, and today the S&P 500 futures adds another 0.4%. Oil prices are holding above $ 51 per barrel.

The positive was provided by news from the United States on the signing of a bill on incentive payments and government funding, and yesterday the House of Representatives, in accordance with Trump’s demands, voted to raise payments to $ 2,000 per citizen. Today the Senate may vote on this initiative.

On the Russian market, the heavyweight shares of Sberbank, LUKOIL and Gazprom are growing by 0.4% in the first minutes.

Sistema (+ 0.9%) and Magnit (+ 0.7%) outperform the market among liquid securities. The shares of Detsky Mir and Mechel, which lost 0.7%, are underperforming the market in the Moscow Exchange index.

Steelworkers’ shares are in a small minus after the last days rally.

The USD / RUB pair rate is down 0.02% to 73.75.

Leaders: IDGC Center (+ 2.2%), NKHP (+ 2%), Rosgosstrakh (+ 1.5%), Sistema (+ 0.9%), Magnit (+ 0.7%)

Outsiders: IDGC of Urals (-7%), Rosseti-jsc (-0.9%), Mechel-jsc (-0.7%), Detsky mir (-0.7%)

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