Start of the day. Moscow Exchange Index updates two-week lows

  • Moscow Exchange Index: 3391.3 (-0.92%)
  • RTS Index: 1437.63 (-1.79%)

The Russian market declines at the opening of Friday trades. The Moscow Exchange index is updating its two-week lows. As part of the index, a few companies demonstrate a slight increase. Heavy shares of Gazprom are losing 1.8%, LUKOIL is falling in price by 1.3%, Sberbank – by 0.9%.

Sentiment on the Russian market worsened yesterday amid the risks of exacerbating geopolitical tensions with the United States. The Washington Post, citing officials, reported that US President Joe Biden, who took office a day earlier, excludes a “reset” of relations with Russia. The course towards sanctions pressure will remain the same, the administration is preparing new measures in response to Russia’s “reckless and aggressive actions”.

The picture is aggravated by the deterioration of the external background. S&P 500 futures are down 0.3%. Oil prices are down 1.1%. Nickel (-1.6%), copper (-0.9%), aluminum (-0.8%) are getting cheaper.

The ruble is getting cheaper. The exchange rate of the USD / RUB pair with settlements will grow by 0.59% tomorrow, to 74.28. The RGBI government bond index returned to the area of ​​multi-month lows yesterday and remains here today.

Leaders: Varieganneftegaz jsc (+ 9%), Varieganneftegaz jsc (+ 9%), TCS (+ 1%), M.Video (+ 0.5%), Detsky Mir (+ 0.5%)

Outsiders: Mechel-JSC (-3%), Gazprom (-1.8%), Magnit (-1.7%), Rusal (-1.6%), NLMK (-1.6%)

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