The growth of the stock market continues today

  • MOEX Index: 3542.59 (+ 0.38%)
  • RTS Index: 1476.92 (+ 0.6%)

The Russian market is growing at the opening of trading on Tuesday. The indices are showing a moderate rise, although in some securities the growth is more pronounced.

Thus, the shares of Severstal, which renewed their historic highs yesterday, are now showing an acceleration, adding 1.5%. Growth continues amid positive steel prices.

Also, the record levels are renewed by the shares of the developer PIK, which are growing in price by 3%.

The shares of another metallurgist – MMC Norilsk Nickel – are growing by 1.2%. Yesterday, the driver was the news that the company was able to stop water production at the Oktyabrsky mine, the plans for the restoration of works outlined earlier were confirmed.

Heavyweight Gazprom, Sberbank and LUKOIL are growing by 0.3%, 0.7% and 0.8%, respectively.

Raspadskaya is down 0.8% after the publication of the report.

The external background is neutral. Oil prices are down a modest 0.25% to $ 64.8 for Brent. Reuters reported yesterday that Saudi Arabia is ready to support the extension of OPEC + cuts in oil production until June.

Futures on the S&P 500 is growing by a symbolic 0.08%. The story with the Archegos margin call did not cause any new dramatic consequences. Yesterday, US indices showed a modest decline, although pressure was felt in the financial and communications sectors.

The USD / RUB pair rate fell to 75.63 (-0.07%).

The OFZ market continues to recover for the fifth day in a row. RGBI adds 0.08%.

Leaders: Levenguk (+ 4%), PIK (+ 3%), Severstal (+ 1.5%), (+ 1.5%), TCS (+ 1.5%).

Outsiders: Russneft (-2.2%), Yandex (-1.1%), HeadHunter (-0.9%), Raspadskaya (-0.8%).

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