The Russian market is growing for the fourth day in a row


  • MOEX Index: 3677.23 (+ 0.52%)
  • RTS Index: 1562.35 (+ 0.76%)

The Russian market is growing for the fourth day in a row in the first minutes of Friday trading, and the Moscow Exchange index is updating record levels. Rates in developed countries remain at the lowest level, while raw material prices are rising. The geopolitical background has improved in anticipation of a meeting between the presidents of Russia and the United States.

Yesterday, heavy shares of Sberbank and Gazprom were pulling the market up. Today we see that the increased demand remains in the shares of Sberbank (+ 1%), which, like the Moscow Exchange index, are updating their historical highs. Already next Monday, the dividend cut-off will take place in the paper.

Severstal shares (+ 1.3%) are rebounding after the correction of the previous days. The positive situation on the global steel market continues.

The external background is moderately positive. European indices are rising at the open. Crude adds 0.2% on Brent to $ 68.2.

The USD / RUB pair is down 0.14%, staying at the level of 74.12. The RGBI government bond index is growing by 0.14% and is reaching the region of monthly highs.

Leaders: Orgsintez-up (+ 6%), Rusaolovo (+ 3%), Severstal (+ 1.3%), Sberbank (+ 1%).

Outsiders: PIK (-0.7%), TCS (-0.6%), Magnit (-0.5%), Fix Price (-0.5%), X5 retail (-0.4%).

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