According to the data of the Moscow exchange, MICEX index to closing has grown on 2,32%, RTS index – on 3,45%, the dollar grew up to 61,54 of the ruble, the Euro – 69,95 to ruble.
MOSCOW, 9 Oct. Elena Likova. The Russian stock market rose on Friday on the major indexes on the background of the daily growth of oil prices that rose above $ 54 per barrel, despite its further transition to fall.
The MICEX index to closing has grown on 2,32% — to 1728,44 paragraph (updating the maximum of September 18), the RTS index — on 3,45% to 885,96 points, follows from the data of the Moscow exchange.
The dollar calculations “tomorrow” grew by 19.22 17 cents to 61,54 of the rouble, the Euro rate by 73 kopecks to the ruble 69,95.
The record growth of stock exchange
Shares of the Moscow exchange on the last day of the week set a new historical high, rising to first 86,45 ruble.
Net profit of Moscow Exchange for the second quarter of 2015 under IFRS increased by 72,8% as compared to the second quarter of 2014 and reached 6 billion rubles, the EBITDA margin was 78.1%, reminds the chief of Department of trust management “KIT Finance Broker” Yuri Arkhangelsk.
In six months, the exchange made a profit of 13.2 billion rubles and at year end it may reach 21-23 billion rubles of profit, he said.
“Earnings per share increased by 71%, from 1.58 to 2.70 ruble ruble. High income exchange this year due to increased Commission income cash and foreign exchange markets (the trading volume in the currency section is almost 2 times higher than last year and in September reached 35 billion rubles), as well as due to income from settlement and Depository services. Moscow exchange exceeds all analysts ‘forecasts”, says the Archangel.
If the stock exchange will be able to maintain the current pace of earnings, then the shareholders can get good dividends at year-end, the analyst believes. Dividends for 2014 amounted to $ 3,87 per share, he recalls. “With this year’s dividend will be sent a minimum of 55% of net profit. While it is difficult to imagine a more accurate expectation for dividends, but 5-6 rubles is quite probable,” said the Archangel.
“Waiting for the results for the third quarter, they should be at a good level and fully meet the expectations of analysts. Moscow exchange continues to grow rapidly, and this positively affects the value of the company’s shares that are traded at historical highs. Recall from the beginning of the year the company’s shares rose slightly more than 46%,” he says.
The increased demand for shares of the Moscow exchange in the first place due to the successful performance of the company, also says Olga Naydenova, a senior analyst at FG BCS.
“Volumes in September and the third quarter was very strong and contribute to the growth of fee and Commission income by more than 30% yoy, by our estimates. This more than compensates for any negativity from the interest income in case of deterioration of dynamics of rouble balance”, says she.
Leaders and outsiders
The increase in oil prices above $ 54 a barrel on Friday contributed to the growth of the majority shares of the oil and gas sector.
So, actions “Rosneft” has grown by 5.53%, LUKOIL — on 4,63%, “Gazprom” — on 2,87%, “Gazprom oil” — on 0,93%, ordinary shares of “Bashneft” — on 0,73%, preference shares “Tatneft” — on 1,42%, ordinary shares — on 3,03%. Grew papers “Surgutneftegaz” (prefs — on 2,14%, ordinary — on 2,29%).
Among leaders of growth papers “RUSAL” (ordinary shares rose to 5.04%, DDR — on of 3.91%), the shares of Norilsk Nickel (4,49%), Aeroflot (4,11%), Yandex (3,67%), MegaFon (3,64%), and the shares of Sistema (3,23%) and Sberbank (3.2 per cent).
Among leaders of decrease — actions “Akron” (-5,22%), PhosAgro (-4,68%), “Polyus Gold” (-2,37%), MMK (-2,07%), M. Video (-1,53%).
In favor were the shares of fertilizer producers “PhosAgro”, “Akron” — on the background of statements by the President of the Russian Federation to discuss the introduction of export duties on phosphate rock to increase tax revenues to the Federal budget, notes the analyst of MC “Raiffeisen Capital” Sofia Kirsanova.
“Despite the fact that the decision on the introduction of fees has not yet been made, and the effect on the financial results of companies will not be significant, market participants prefer to take profits. Besides the strengthening of the rouble (7.3%) also plays into the hands of the exporters”, says she.
Forecasts and recommendations
Dynamics of the Russian market in the beginning of next week will be asked how the auction will end the week in the United States, said Vasily Tanurcov from “Veles Capital”.
Also a significant driver for oil and the Russian market may be evening the data on the volumes of drilling in the US (which will be released on Friday evening — ed.), he recalls.
In the case that the decline will continue as rapidly as last week, we can expect the breakout of the resistance at the level of 54 dollars per barrel, and output in the range of 55-60 per barrel as early as next week, he predicts.
“Certain risks are associated with the publication of Chinese statistics at the beginning of next week — will start receiving fresh data for September, which will serve as an indicator of whether the situation in the Chinese economy has seriously deteriorated as a result of the crisis in the stock market, or the panic was excessive (we believe that fears about China are exaggerated),” says Tanurkov.