The share market of the Russian Federation grows on the background of the rising price of oil and the strengthening of the ruble

The share market of the Russian Federation grows on the background of the rising price of oil and the strengthening of the ruble


According to the Moscow exchange, the MICEX index grew up to 17112,93 points, RTS index – to 861,49 paragraph on the background of rising oil prices and the strengthening of the ruble against major involutum.

MOSCOW, 22 Oct. Elena Likova. The Russian stock market on Thursday after declining at the opening of trading moved to growth after oil prices rose above $ 48 a barrel mark Brent, and against the background of ruble strengthening the main involutum.

The MICEX index 13.08 MSK grew by 0.23% to 17112,93 points, RTS index — on 0,54% — to 861,49 points, follows from the data of the Moscow exchange.

The dollar calculations “tomorrow” has decreased by 34 kopecks to 62,67 of the rouble, the Euro rate by 55 cents to 70,91 ruble.

Correction of actions “Transaero”

Action “Transaero” are corrected downwards on 4,31% to 19,09 ruble (already falling to 16.5 rubles) after takeoff on Wednesday nearly tripled to 19.5 per ruble, which happened on the news that shareholders “Siberia” retain plans to buy the carrier, despite the planned withdrawal of its operator’s certificate.

The fate of “Transaero” continues to be uncertainty. The company was unable to service the debt, constituting together with the leasing obligations of about 250 billion rubles. Sale of tickets is stopped and passengers are transported group airlines “Aeroflot” and other carriers. Air operator certificate “Transaero” will be revoked on October 26.

Shares of Aeroflot are raised on 1,86%. BCS analysts are positive about obtaining a third of the airline international routes “Transaero”. “Although the questions about plans of owners to buy S7, Transaero continued to introduce uncertainty, the decision will be the trigger for a substantial increase of “Aeroflot” — says they are.

Corporate history

The shares of Severstal shifted to lower and lose 0,84% after symbolic growth at the opening of trading on the background of increasing the company’s net profit under IFRS for 9 months of 2015 compared to the same period last year to 42% to 676 million dollars.

However, in the third quarter Severstal reported net loss, which amounted to 130 million dollars against profit in the previous quarter in the amount of 469 million dollars. EBITDA declined by 10.9% to 524 million dollars in revenue by 7.9%, to 1,663 billion.

“The negative statements, the company’s shares fall”, — says Alexander Razuvaev of “Alpari”.

According to Andrey Tretinnikov from the company RMG, the Outlook for the steel market remains negative due to growth of export deliveries from China. However, in his opinion, despite weak market conditions the company is protected from the current turbulence low production costs and low debt burden.

Polyus Gold is reduced by 0.38%, despite the positive operating results for the first nine months of the current year. The company during this period increased gold production compared with the same period last year by 5% to 1,291 million ounces.

Gold sales in January-September 2015 was us $ 1.32 million ounces, an increase at an annual rate of 8%. Revenue from sales amounted to 1,554 billion dollars, which is 1% less than in the first half of last year.

Polyus Gold, as the shares “the pole Gold” (-0,72%) came under pressure due to declining gold prices on the global market amid strengthening dollar.

Leaders and outsiders

Among the leaders of growth papers of “Mechel” (prefs grow by 4.6%, ordinary shares — 3.87%). The support has an expectation of industry that Mechel and Sberbank of Russia will be able to negotiate a debt restructuring.

Among leaders of growth — actions VTB (2,66%), KAMAZ (1,75%), NCSP (1,7%), “RusGidro” (1,42%).

Among leaders of decrease — actions TMK (-3,35%), Dixy (-2,33%), FGC UES (-2,33%), MMK (-1,93%), VSMPO-AVISMA (-1,32%), NLMK (-1,32%), MTS (-1,03%).

Forecasts and recommendations

The MICEX index will hold an auction Thursday in the range of 1700-1730 points, the trading corridor shifted below due to the lack of drivers, says Razuvaev of “Alpari”.

By the end of the day, the domestic exchange is likely to be entirely in green zone under the influence of positive reporting in the U.S., says Mikhail Krylov from “Golden Hills — Kapital AM”. The new target for the growth of the MICEX will be 1713 points, and for RTS — 875 points, he predicts.

Starting in the next few days the season of quarterly financial reports may offer some unpleasant surprises, says Director for analysis of financial markets and macroeconomics UK “Alfa-Capital” Vladimir Bragin.

“Companies continue to generate strong cash flows, but given the movements in commodity prices and exchange rates in the last quarter results of companies according to its results may be worse than expected. And this may be an, albeit short-term, but a correction in the stock market,” he explains.