The stock market is again approaching historic highs today


  • Moscow Exchange Index: 3751.16 (+ 0.79%)
  • RTS Index: 1614.63 (+ 1.07%)

The Russian market is growing at the opening of trading on Tuesday. The Moscow Exchange index is again approaching record levels. The positive dynamics continues to be ensured by the reduction of hepolytic risks in anticipation of the meeting of the presidents of Russia and the United States, as well as high prices for raw materials, in particular oil. The latter acts as a growth driver today, exceeding the $ 70 mark per barrel of Brent.

At this moment, oil prices rise by 1.5% in anticipation of today’s meeting of OPEC + ministers. At the moment, the alliance’s view of the situation with Iran is moderately optimistic.

There were no trades in the US and the UK yesterday, and today S&P 500 futures are growing 0.15%. In Germany and the UK, indices rise at the open.

Crude oil is holding above 5100, which primarily supports oil companies’ shares, in particular the heavyweight shares of LUKOIL (+ 1.7%). Sberbank and Gazprom look more modest, adding 0.4%.

The USD / RUB pair is down 0.31%, being at the level of 73.2. The RGBI government bond index is growing by 0.14%.

Leaders: MKB (+ 2.3%), Polymetal (+ 1.8%), LUKOIL (+ 1.7%), VTB (+ 1.3%)

Outsiders: Ryazenbyt (-2%), OKEY-gdr (-1.5%), X5 retail (-0.6%), RusHydro (-0.4%)

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