The stock market declines amid falling oil prices

The stock market declines amid falling oil prices

In foreign markets uncertain situation develops, traders in the stock markets do not exhibit high activity. The MICEX index to 14.01 MSK fell by 0.14% to 1713,62 points, RTS index – on 0,15% – to 867,43 item.

MOSCOW, 20 Oct. Elena Likova. The Russian stock market declines on the major indexes amid falling oil prices mark Brent below $ 49 per barrel.

The MICEX index to 14.01 MSK fell by 0.14% to 1713,62 points, RTS index — on 0,15% — to 867,43 points, follows from the data of the Moscow exchange.

The dollar calculations “tomorrow” fell by 3 kopecks to 66,23 of the ruble, the Euro grew by 33 kopecks to the ruble 70,83.

The November futures for oil of mark Brent fell by 0.27% to 48.48 per dollar per barrel.

Trading on low volumes

The situation on external markets remains uncertain — futures for Brent crude traded below $ 49 per barrel, says analyst investment “OLMA” Anton Startsev.

Traders in the stock markets also show high activity, expecting a flood of corporate reporting (Friday at 13.30 GMT is expected the reporting of Bank of New York Mellon), economic data (statistics on new construction in the U.S. is expected to 15.30 GMT) and news from the ECB (meeting will be held on 22.10 GMT), he comments.

Investors will be watching data on stocks of petroleum from the energy information Administration and to interpret the hints Janet Yellen, adds analysts “Sberbank CIB”.

Leaders and outsiders

Among leaders of growth — actions “Raspadskaya” (2,79%), “FosAgro” (2,53%), promotions LSR (1,68%), ordinary shares of Sberbank (1,46%), “Pharmstandard” (1,45%), and Severstal (1,13%), MMK (1,09%) of the Akron (1.05%) and the shares of NCSP (1,03%).

Among leaders of decrease — actions ALROSA (-2,94%), NOVATEK (-1,55%), Moscow exchange (-1,5%), Mostotrest (-1,43%), the shares of MTS (of 1.4%), and DDR “RUSAL” (-1,36%), prefs of “Mechel” (-1,27%), the shares of Sollers (-1,12%), Norilsk Nickel (-1%).

Forecasts and recommendations

On Tuesday, the stock market opened at the level of the previous value on the MICEX index, but the index is unstable, said Valery Yevdokimov from Nordea Bank. “The expected continuation of the consolidation on the MICEX index”, — he adds.

The MICEX index will hold an auction Tuesday in the range 1705-1735 points, said Alexander Razuvaev of “Alpari”.

From the standpoint of technical analysis, there may be a consolidation period for the RTS index with the projected borders of 850 points — 900 points, says of the Elders of investment “OLMA”.

“In the second half of the day we expect the stabilization of the MICEX index on a mark of 1700 points”, — says head of analysis foreign exchange risks the Dukascopy Bank SA Evgeny Abramovich.