Start of the day. Market on the verge of 2021 lows

  • MOEX Index: 3323.84 (-0.59%)
  • RTS Index: 1375.78 (-1.24%)

Russian indices continue to decline at the opening of trading on Thursday. The RTS index has already updated the lows of 2021 amid the fall of the ruble. Today the USD / RUB rate for the first time since December exceeded 76. The Moscow Exchange index is one step away from the lows of 2021.

The external background remains negative. S&P 500 futures are down 0.5% after the index fell 2.5% yesterday. Oil prices fall by 0.7% to $ 55.4 per barrel of Brent.

Market participants were not pleased with the results of the FRS meeting, as well as unjustified volatility in individual stocks, which could negatively affect the positions of individual market participants. Facebook and Apple surpassed earnings and revenue expectations, reporting on Wednesday after the close, but both shares fell in price on the postmarket, and the head of Facebook declared Apple to be almost the largest competitor.

On the Russian market, heavyweight shares of Sberbank, LUKOIL, Gazprom are falling in price within 0.5-0.7%. Shares of retailers look better than the market: Ozon (+ 1.3%), Detsky Mir (+ 1%), Okay (+ 0.9%), X5 Retail (+ 0.4%).

The USD / RUB pair is growing by 0.34% to 76.11.

The RGBI government bond index is updating the lows since April last year.

Leaders: Ozon (+ 1.3%), Detsky Mir (+ 1%), OK (+ 0.9%), X5 Retail (+ 0.4%)

Outsiders: VSMPO-AVISMA (-2.3%), Mechel-ao (-1.8%), HeadHunter (-1.6%), Rusal (-1.4%)

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