The Russian market is one step away from record levels


  • MOEX Index: 3562.9 (+ 0.6%)
  • RTS Index: 1478.72 (+ 0.11%)

The Russian market is growing at the opening of trading on Thursday. The Moscow Exchange index leaves another gap at the start and approaches record levels, to which just over 1% remains to pass.

The leaders of growth this week are still the same: Severstal (+ 1.1%), VTB (+ 1.3%).

Heavy shares of Sberbank and Gazprom are growing by 0.4%, LUKOIL is adding 0.7%.

The external background is developing moderately positive. Oil prices rise 1% in the morning to $ 64.39 per barrel of Brent ahead of today’s OPEC + meeting. The consensus forecast assumes that the alliance will extend the current quotas for May, while the voluntary 1 million bpd cuts from Saudi Arabia will also remain in place.

S&P 500 futures are up 0.15%. Yesterday, the S&P 500 managed to rewrite record levels on the last day of the quarter. Biden’s announced plans for spending on infrastructure and raising corporate tax did not cause a sharp reaction.

The rate of the USD / RUB pair rose to 75.89 (+ 0.26%). The RGBI government bond index is growing by 0.06%. Yesterday, the Ministry of Finance held auctions for the sale of OFZs, which placed, again on the last day of the quarter, a very large volume.

Leaders: Rusaqua (+ 7%), PIK (+ 2.4%), Ozon (+ 1.8%), FESCO (+ 1.4%), VTB (+ 1.3%), Severstal (+1, one%).

Outsiders: Beluga (-2.6%), Pharmacies 36.6 (-1%), Rusal (-0.7%), OGK-2 (-0.4%).

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