The fall of the Russian stock market accelerated


  • MOEX Index: 3642.8 (-1.41%)
  • RTS Index: 1546.7 (-1.53%)

The Russian market retreated sharply at the opening of Tuesday’s trading. Yesterday, the Moscow Exchange index renewed record levels, for the first time rising above 3700, and today it went down with a 1.5% gap, having slightly regained losses to date. Such dynamics was provoked by the deterioration of the external background and the clearing of dividends from the heavy shares of Sberbank.

Preferred shares are down 5.1%, Sberbank common shares are down 4.8%. The company also reported that its net profit for April under RAS rose 9 times.

As for the external background, sellers dominated on the American grounds yesterday, the Nasdaq index lost 2.55%. Today this trend is reflected in Asia, where the indices are also in the red.

Brent crude oil prices are losing 0.8% in the morning. At the same time, oil in rubles still remains above 5000. Yesterday, a rollback took place in metals, but today aluminum, copper, nickel are growing. The prices for steel products in the world remain high.

The ruble strengthened slightly in the first minutes after yesterday’s decline against the dollar. The USD / RUB pair is down 0.31%, staying at the level of 74.11.

Leaders: Kuznetskiy B (+ 9%), TMK (+ 0.6%), Moscow Exchange (+ 0.5%), Rusagro (+ 0.4%).

Outsiders: Sberbank-up (-5.1%), Sberbank-jsc (-4.8%), Rusal (-3.6%), MKB (-2%)

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