The Russian market is approaching highs


  • Moscow Exchange Index: 3673.3 (+ 0.93%)
  • RTS Index: 1569.52 (+ 1.17%)

The Russian market starts trading on Tuesday with confident growth. The indices are adding about a percent, in particular, the Moscow Exchange index is approaching the record levels set in the first ten days of May.

The positive external environment made it possible to win back most of the losses incurred during the correction. Oil prices are again approaching $ 70 per barrel of Brent. Oil in rubles, respectively, is kept above 5000, or rather at 5150, which is very comfortable for Russian oil companies.

Oil prices are rising amid the opening of the British economy and the recovery of air travel to the United States.

Heavy shares of Sberbank, LUKOIL added 0.3%. Gazprom (+ 0.8%) is again among the leaders among liquid securities, continuing to rise for the fourth day in a row.

Even more impressive growth is shown by Magnit (+ 2.8%) on the news of the purchase of Dixie.

In low-liquid securities, high volatility remains in banking shares: Uralsib (+ 11%), Kuznetsky Bank (+ 8%).

The USD / RUB pair is down 0.11%, being at the level of 73.72. The RGBI government bond index is growing by 0.09%.

Many corporate reports are expected today. Gazprom Neft has already reported (+ 0.9%). Reports from ALROSA, MTS, Mosenergo are expected. Surgutneftegaz and Rusal will decide on dividends.

Leaders: Uralsib (+ 11%), Kuznetsk Bank (+ 8%), Seligdar-JSC (+ 3%), Magnit (+ 2.6%)

Outsiders: MGTS4-up (-3%), Mechel-up (-1.5%), PIK (-1%), MMK (-0.4%)

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