The market is stable, Mechel shares grow by another 5%

  • MOEX Index: 3254.27 (+ 0.07%)
  • RTS Index: 1366.39 (-0.19%)

The Moscow Exchange index is growing modestly in the first minutes of trading on Thursday. The external background is moderately positive: oil prices yesterday were below $ 50 per barrel of Brent, and today they are holding around $ 51.4; S&P 500 futures are up 0.2%.

The improvement in the external situation is due to reports of an imminent conclusion of a deal between the EU and the UK, as well as hopes that Congressmen will support Trump’s demands for an increase in payments to citizens as part of the economic support package.

Meanwhile, today in the United States and London, early closure, and tomorrow, exchanges in most Western countries will be closed on the occasion of Catholic Christmas.

Trading volumes have already started to decline on the Russian stock exchange.

Today, in the first minutes, shares of Yuzhuralnickel (+ 18%) and Mechel (+ 5%) are leading, continuing their growth for the second day in a row. Earlier, in October, the media reported that Mechel had several offers to sell the plant, but now no news has been found.

Among heavy stocks, Sberbank shares are up 0.5%, Gazprom is up 0.15%, and LUKOIL is up 0.3%.

PhosAgro shares cleared of dividends.

The USD / RUB pair rate is down 0.07% to 75.03.

Leaders: Yuzhuralnickel (+ 18%), Mechel-ao (+ 5%), Russneft (+ 2%), Mechel-up (+ 1.3%), ALROSA (+ 1.3%).

Outsiders: PhosAgro (-3.8%), HeadHunter (-1.3%), Okey (-1%), Rusal (-0.9%).

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