The price of Brent crude remains below $49, the MICEX and RTS indexes fall by 0.6-0.7%


MOSCOW, October 20. Russian stock indices on the Moscow exchange in the first half of the day moderate decrease: the Moscow interbank currency exchange (MICEX) fell by 0.61% to 1705,6 points, and RTS – on 0,74% to 862,39 item.

One of the factors limiting the activity of investors on the Russian market remains uncertain dynamics of oil prices, says a leading analyst of investment group “OLMA” Anton Startsev. “Attempts of the price fixing above $50 per barrel while futures for Brent were unsuccessful, which increases the risk for holders of long positions. The most likely scenario in the short term remains the consolidation of RTS in the area below 900 points” – experts predict.

The price of a futures contract with delivery in December on London exchange ICE decreased by 0.68% to $48,28 per barrel.

The General technical picture of the MICEX index now does not look optimistic, says the expert of “BCS Express” Vasiliy Karpunin. “In the absence of a clear fundamental growth drivers and recent false attempt to break the upper boundary of the multi-month sideways trend, with an aggressive formation of long positions should wait” – he explained.

In leaders of growth on the Moscow stock exchange the shares of “PhosAgro” (+3,7%), “MRSK the Center” (+1,9%) and the shares of Polymetal (+1.4 per cent). The leader of decrease – the shares of NOVATEK (-2,3%), Rosneft (-1.7%) and MTS (-1,6%).