The Russian stock market grew due to the weakening of the ruble


Moscow. October 27. The Russian stock market on Tuesday rose above 1725 points by MICEX index due to a sharp weakening of the ruble on the background of the ending of tax payments and falling oil, outsiders were shares of Sberbank, which lost more than 3%.

Following the results of trading the MICEX index amounted to 1725,89 points (+0,8%, min day – 1692,29 item), the RTS index sank to 839,26 points (-2,2%), ruble prices of most blue chips on the Moscow exchange increased in the range of 5.1%.

The dollar soared to 64,77 ruble (+1.75 ruble).

Increased rouble value of the shares of VTB (+1.7 per cent), “Gazprom oil” (+0,2%), LUKOIL (+2,3%), Magnit (+5,1%), NOVATEK (+2.4 per cent), “NorNickel” (+0,1%), Rosneft (+0,4%), “Surgutneftegaz” (+1%), Tatneft (+3.5% and +3,1% “prefs”), “FGC UES” (+1%).

Shares of LUKOIL was supported by news that the NC Board of Directors recommended shareholders to approve dividends for 9 months of 2015 in the amount of 65 rubles per share (for 9 months of 2014 were paid 60 rubles per share). The register for dividends closes on 24 December.

Dipped the stock “Mobile TeleSystems” (-0,4%), “Polyus Gold” (-0,2%), “Rostelecom” (minus 0.6%), Sberbank (-3,6% -3,1% “prefs”), “prefs” of “Surgutneftegaz” (-0,7%).

Support for the stock market has had a number of statements of Russian President Vladimir Putin at the presidential Commission on fuel and energy complex.

According to him, Russia has opportunities to increase its presence in the LNG market, and the projects planned to be implemented. Currently in the most advanced stages of building an LNG plant on the Yamal Peninsula (the project “Yamal LNG”), Gazprom (MOEX: GAZP) has accorded priority to construction of the third phase of the LNG plant in the framework of the “Sakhalin-2” and the project “Baltic LNG”.

Putin also believes that additional exemptions from the fuel and energy sector should not reduce the investment companies, it is necessary to continue the development of exchange trade in oil, petroleum products and gas, and also to stop the use of foreign currency in the calculations in the energy industry (in particular, the transshipment of oil).

The head of FAS Igor Artemyev raised on the presidential Commission on fuel and energy complex question of the allocation from “Gazprom” a transport component in a separate subsidiary. Meanwhile, the President of “Rosneft” Igor Sechin and Minister of energy Alexander Novak said that this requires further study.