The MICEX index will aim to 1700 points on the background of strengthening of the Russian currency, said analysts. The MICEX index to closing has risen on 0,04% — to 1726,61 points, RTS index has grown on 1,84% — to 854,74 points, follows from the data of the Moscow exchange.
MOSCOW, 28 Oct. The Russian stock market on Wednesday closed higher by major indexes on the background of strengthening of the ruble against the dollar and the Euro, support from the rise in the price of oil brand Brent.
The MICEX index to closing has risen on 0,04% — to 1726,61 points, RTS index has grown on 1,84% — to 854,74 points, follows from the data of the Moscow exchange.
The dollar calculations “tomorrow” to 19.00 Moscow time has decreased on 1,18 ruble — to 63,72 ruble, the Euro by 1.1 ruble — to 70,53 ruble.
December futures for Brent crude grew to 4.28% to 48,82 dollars per barrel.
Growth at record volumes
Shares of Transaero airlines has further adjusted and increased by 57,28% to 14.8 ruble (already up more than 70% — up to 16 rubles).
Evening auction at the Moscow exchange expanded the corridor, resulting in the shares of the carrier jumped 70,03% to 16 rubles.
Shares of Transaero airlines rose to record high levels and exceeded 300 million rubles, from October 21, dramatically increased the interest in the shares of the company (the daily trading volume has increased several dozen times).
Last week, the shareholder group of S7 airlines Vladislav Filev has signed an agreement to purchase not less than 51% of actions “Transaero”.
This week, a source close to the deal said that shareholders of the S7 group’s plan to the end of the week to obtain the property of first 19% stake in the airline “Transaero”, and then submit a request to the Federal Antimonopoly service of the Russian Federation on approval of this transaction.
Shares of Yandex surged 6.6%, reflecting the message about the beginning of negotiations with handset manufacturers about preinstalling them on their applications following the decision of the Federal Antimonopoly service in the case of Google.
The FAS in September acknowledged Google violated the law “On protection of competition” (abuse of dominant position on the market of pre-installed app stores in Android) and directed the company until November 18 to resolve the violations, which carried a ban of gadgets manufacturers preinstall apps of other companies. The case was initiated on the complaint of “Yandex”.
Shares in NOVATEK fell 2.05% amid the reduction of net profit under IFRS attributable to the shareholders, following the results of January-September 2015 on 4,85% compared with the same period last year — up to 59,59 billion.
Forecasts and recommendations
On the background of strengthening of the ruble, the MICEX index will focus on 1700 points, while the RTS index will grow up to 868 points, says Mikhail Krylov from “Golden Hills — Kapital AM”.
“Judging by the growth of European stock indices and oil prices and gold Wednesday, investors expect the soft rhetoric from the U.S. Federal reserve, which will create preconditions for the subsequent growth of indexes of developing countries, including the MICEX, which we expect in the region of 1750 points”, — says Sergey Kochergin of the company Exness.
The appearance following the meeting, the fed signals about the preservation of soft monetary policy can play in favour of risky assets, says Mikhail Abramov from “Veles Capital”.