The stock indices of the Russian Federation have finished day decrease of 1%, the price of Brent fell below $51


MOSCOW, October 12. The stock indices of the Russian Federation has finished day falling. So, the MICEX index (MICEX) by the end of trading on the Moscow stock exchange fell by 1.03% to 1710,6 points, and RTS – on 1,08% to 876,42 item.

The main catalysts for the decline of the market are oil prices. The price of a futures contract with delivery in November for oil grade Brent on London exchange ICE fell by 3.2% to $50,98 per barrel. The Russian oil sector went into drawdown at lower oil prices under the impact of the increase in OPEC production to 31,57 million barrels a day – the highest since 2012, says Director of the analytical Department of the IR “Golden Hills-Kapital AM” Mikhail Krylov.

October 12, OPEC lowered the forecast of growth of global oil demand in 2016 to 40 thousand barrels per day. Now, according to the organization of the global oil demand in 2016 will be above the level of 2015 by 1.25 million barrels per day and approximately 94,11 million barrels per day.

“The fall of the oil sector on Monday ahead of the cheapening of raw materials, as a consequence Tuesday a possible consolidation of the sector, if only the oil in the evening session will not fall below 50 dollars per barrel”, – predicts Mikhail Krylov.

At the same time, if oil prices resume its rise, in the price of this product will continue the positive trend will continue and demand for Russian assets, adds Director for analysis of financial markets and macroeconomics UK “Alfa – Capital” Vladimir Bragin. “But if the Central Bank will purchase foreign currency to replenish the reserves, the correlation between ruble and oil prices will decrease, which is another positive for the market: the price of the underlying asset will increase and the positive effect from devaluation will continue,” – said the expert.

The leaders of growth following the results of trading on the Moscow stock exchange were shares of Raspadskaya (+7,2%), Bank “FC OTKRITIE” (+4%) and actions “the pole Gold” (+3,6%). In leaders of falling – ordinary shares “RusHydro” (minus 4.6%), MMK (-4,6%) and Rusal stock (-4,1%).