Start of the day on the stock market. New heights in the new year

  • Moscow Exchange Index: 3324.1 (+ 1.1%)
  • RTS Index: 1420.3 (+ 2.3%)

The Russian market continues to grow on the first trading day of 2021. In the first minutes of trading, the Moscow Exchange index renewed its historic highs and consolidated above 3310 p. The RTS index rose even more, supported by the strengthening ruble. The USD / RUB currency pair opened trading with a gap down by 0.4%.

The market growth is supported by a positive external background, in particular, the rise in metal prices and the rise in oil prices. In the morning, the next Brent futures rose to $ 53 per barrel. Among the industry indicators, the leading indexes of the metallurgical and oil and gas sectors. Among the laggards is the consumer sector index.

Against the background of gold growth, strong dynamics are demonstrated by the shares of gold miners Petropavlovsk and Polymetal, while Polyus shares look a little weaker. TCS Group depositary receipts have added more than 3% in the morning. The strongest growth of about 9% is shown by shares of UWC, which rebound from historic lows.

Strong dynamics are demonstrated by shares of steel producers Severstal, MMK and NLMK. Against the background of the positive conjuncture on the metals market, the correction in the sector did not develop, and quotations of the listed companies’ securities are recovering.

Leaders: UWC (+9.2), TCS Group (+ 3.5%), Petropavlovsk (+ 3.3%), Polymetal (+ 2.3%), Mechel AO (+ 1.9%), Severstal ( + 1.8%), Lenta (+ 1.9%), MMC Norilsk Nickel (+ 1.5%).

Outsiders: Rosseti SK (-1.2%), RUSAL (-1.1%), OZON (-1%), GAZ AO (-0.6%), NOVATEK (-0.4%), NKNKh (- 0.3%).

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Forecast for the Moscow Exchange index for today: range of 3250-3300 points