Moscow. October 30. The shares opened on Friday by the mixed dynamics of prices of blue chips amid falling oil prices and rising Asia, the MICEX trades per minute declined by 0.01 to 0.4%; the shares of Mechel soared by more than 10% on corporate news.
By 10:01 Moscow time, the MICEX index amounted to 1708,46 paragraph (-0,01%), RTS index – 835,85 paragraph (-0,4%), ruble prices of most blue chips on the Moscow exchange changed within 1%. This morning the dollar fell to 64,44 ruble (+4 cents).
Increased rouble value of the shares of VTB (+0,3%), Gazprom (+0,1%), Magnit (+0,04%), NOVATEK (+0.2 per cent), “NorNickel” (+0,04%), “Polyus Gold” (+0,4%), “Tatneft” (+0,1%), “FGC UES” (+0,1%).
Sank shares of LUKOIL (-0.1%) and Rosneft (-0.2 percent), Rostelecom (-0,4%), Sberbank (-0.1%) and “Surgutneftegaz” (-0,04%).
Soared shares of “Mechel” (+11,2% +11,2% “prefs”) after the news that the group is considering the sale of between 50% and 100% of LLC “Elgaugol” (developing the Elga coal Deposit) to one of the creditors – Gazprombank and the amount expected to be used for a partial repayment of principal and interest payments to Sberbank. About it writes on Friday the newspaper Vedomosti, citing two sources close to two creditors of “Mechel”.
A positive factor for the market was the statistics Emerging Portfolio Fund Research (EPFR) about capital inflows – money flowing into the funds that invest in stocks of the Russian Federation, during the week 22 to 28 October amounted to us $49,7 million against inflow of $1.8 million a week earlier. As reported in the review of Gazprombank, with the beginning of the year on 28 October the cumulative net cash outflow from funds investing in Russian shares, decreased to $948,5 million
Indexes in the U.S. on the eve of the weakly sank in Asia on Friday positive dynamics, plus U.S. stock futures (contract on the S&P 500 index rose 0.4 percent), and oil getting cheaper again.
The Bank of Japan ended Thursday’s session adopted a decision to adhere to a previous course of monetary policy, refrained from expanding stimulus. According to published following the meeting statement, the Central Bank keeps the benchmark of increasing the monetary base by 80 trillion yen ($664 billion) a year.
Meanwhile, Japanese newspaper Nikkei writes on Friday that the government of Japan may consider expanding the expenditure side of the budget more than 3 trillion yen ($25 billion), if GDP data, scheduled for release on November 16, will show that the economy needs more support.
Oil becomes cheaper on fears that an oversupply of fuel on the world market will decline in the near future, reported Bloomberg.
The oil Minister of Iraq Adel Abdul Mahdi said that oil production in the country, which is the second largest oil producer in OPEC, has exceeded 4 million barrels per day. In addition, oil reserves in the U.S. last week rose to 3.38 million barrels. Stocks rise for five consecutive weeks, which was not observed since April. The oil can finish for the fourth consecutive month below $50 per barrel.
Futures for Brent oil for November worth $48,53 per barrel (of -0.6% and -0.5% before), the price of WTI is $and 45.72 per barrel (-0,7%).