The Russian market has returned to growth today

  • MOEX Index: 3524.66 (+ 0.69%)
  • RTS Index: 1445.26 (+ 1.1%)

The Russian market is growing at the opening of trading on Thursday. The Moscow Exchange index is winning back the losses of the first half of the week. While it remains below the levels of last week’s closing. The market participants were planning to increase geopolitical risks these days.

The external background is moderately positive relative to the dynamics in the global stock markets. The American S&P 500 continues to rewrite record levels. German DAX and English FTSE are up 0.3% in the morning. In Asia, buyers dominated for the most part.

Oil prices in the morning are losing 0.4%, staying just below $ 63. These are quite good levels given the OPEC + position outlined in April.

Heavy shares of Sberbank, Gazprom, LUKOIL added 0.6-0.8% these minutes. Among the liquid securities, GMK Norilsk Nickel (+ 1.5%), VTB (+ 1.1%) look better than the market.

Sistema shares are up 0.4% after the publication of the report.

The ruble is strengthening slightly. Yesterday the USD / RUB pair reached 78, for the first time since November, but quickly pulled back and is now at the level of 76.8 (-0.2%). The rebound takes place in OFZ – the RGBI index adds 0.17%.

Today, market participants are waiting for the publication of the minutes of the ECB meeting, the participation of Fed Chairman Jerome Powell in the discussion at the IMF event.

Leaders: Russneft (+ 4%), Cherkizovo (+ 2.5%), MMC Norilsk Nickel (+ 1.5%), VTB (+ 1.1%), PhosAgro (+1).

Outsiders: UAC (-3.2%), IRKUT (-1.8%), TCS (-0.6%), Polyus (-0.5%).

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