- Moscow Exchange Index: 3592 (+ 0.5%)
- RTS Index: 1488 (+ 0.8%)
The opening of the main trading session on Monday was positive for the Russian market. The external background on the world markets contributes to the activation of buyers.
A barrel of Brent oil has been growing by 1% since the opening of the main session on the Moscow Exchange and is close to $ 66.7 per barrel. The key short-term growth driver for black gold is the weakness of the US dollar. As a positive factor, we can note the interruptions in the export port of Libya, which threatens to reduce the country’s production by 0.28 million bpd.
The USD / RUB pair is down 0.4% and is at 76. The ruble is supported by strong oil. The factor of geopolitics temporarily faded into the background. The government bond index RGBI rebounds 0.1% after a drawdown the day before.
VTB shares look better than the market (+ 1.4%). Yesterday the bank presented a strong financial report for the first quarter, but the reaction in the quotes was negative. Now there is a correctional rebound in securities.
Shares of Petropavlovsk are down 0.8%. The company released a weak operating report. Despite the fact that the reduction in production was expected, and the quotes have already largely incorporated the deterioration of the results, an emotional negative reaction takes place.
After a slight correctional pullback, Severstal shares are growing the day before (+ 1.5%). The financial results of the metallurgical company for the first quarter promise to be the strongest in the sector.
Operating reports of RusHydro and PhosAgro are expected to be published today. The Strategy Day will be held by VTB and Rostelecom. Telecommunications company may introduce a new dividend policy. In the US, reports will be presented by Abbott Laboratories, Lockheed Martin, J&J, Netflix and others.
Leaders: Mechel-up (+1.9%), HeadHunter (+ 1.6%), Severstal (+ 1.5%), TCS Group (+ 1.5%), VTB (+ 1.4%)
Outsiders: Qiwi (-1.3%), RUSAL (-1.3%), Petropavlovsk (-0.8%), TMK (-0.5%), Rosseti Lenenergo-up (-0.4%)
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