- MOEX Index: 3603.59 (+ 0.74%)
- RTS Index: 1514.59 (+ 0.8%)
The Russian market continues to climb on Wednesday trading. The indices rebounded yesterday after last week’s correction from record levels. Today the rebound continues, and the Moscow Exchange index is no longer so far from its historic high.
Yesterday, the US market was shaken after the statement of the head of the Treasury Janet Yellen, former head of the Federal Reserve, that interest rates may have to be raised at some point in order to curb the explosive growth of the US economy. However, the drawdown of the S&P 500 by the end of the day did not exceed 1%, and the external background does not prevent the Russian market from growing.
At the same time, oil prices are getting closer and closer to $ 70. Brent futures are currently trading at $ 69.4. Oil in rubles is around 5200 – very comfortable levels.
This directly affects the quotes of oil companies: Rosneft (+ 1.4%), Surgutneftegaz-JSC (+ 1.2%).
Severstal shares look worse than the market among liquid securities (-1%), which continue to cool down after strong growth. The cooling was facilitated by the news about the claims of the FAS, which came out last week.
The active phase of the dividend season has begun in Russia. Yesterday the last day Kazanorgsintez and Beluga traded with dividends, today – Novatek and Polymetal. In the first 2 weeks of May, the Moscow Exchange index is able to lose about 1.4% on cutoffs.
The USD / RUB pair is growing by 0.1%, being at the level of 74.91. The RGBI government bond index is growing by 0.1%.
Leaders: UAC (+ 6%), HeadHunter (+ 2.6%), Rosneft (+ 1.4%), Surgutneftegaz-jsc (+ 1.2%)
Outsiders: TGK-2 (-3.3%), OrgSintez-JSC (-2.8%), Severstal (-1%), Beluga (-0.8%)
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