The share market of the Russian Federation is growing, ignoring the decline in oil prices

The share market of the Russian Federation is growing, ignoring the decline in oil prices


The MICEX index to 15.50 MSK grew by 0.84% and the RTS Index – on 0,15%. The greatest growth in shares of LUKOIL, “Russian grids” ordinary shares of “Sberbank”.

MOSCOW, 2 Nov. Elena Likova. The Russian stock market on Monday afternoon grows on major indices, ignoring the decline in oil quotations of mark Brent and the ruble weakening.

The MICEX index grew up to 15.50 GMT on 0,84% — to 1725,84 points, RTS index — on 0,15% — to 846,8 points, follows from the data of the Moscow exchange.

The dollar calculations “tomorrow” grew by 0.22 ruble — to 64,17 of the rouble, the Euro rate was 0.42 ruble — to 70,78 of the ruble.

December futures for oil of mark Brent has decreased on 1,63% — to 48,75 USD per barrel.

“The MICEX index continues to consolidate in the range of 1700-1730 points. Because of the fluctuations of the ruble, the RTS index behaves more actively, but it has been nearly a month trapped in the range 830-890 points”, — says Nikolay Podlevskikh from “Zerich capital Management”.

Leaders and outsiders

Among leaders of growth — actions of LUKOIL (2,54%), “Russian grids” (2,54%), ordinary shares of Sberbank (2,41%), Moscow exchange (1,75%), NCSP (1,59%) and paper Bashneft (prefs grown on 1,29%, DDR — 1.28%).

Among leaders of decrease — papers “RUSAL” (ordinary shares fell by 1.37%, DDR — 0.87%), Raspadskaya (-1,06%), prefs of “Mechel” (-0,93%), Polyus Gold (-0,69%) and the shares of the MMK (-0,67%).

Forecasts and rekomendatsii

The MICEX index will hold an auction Monday in the range 1685-1720 points, said Alexander Razuvaev of “Alpari”.

In the second half of the session, players will focus on the dynamics of external platforms, and the main event will be the U.S. statistics, the analyst believes investholding “Finam” Bogdan Zvarich. So, at 18.00 Moscow time will be published the index of business activity in the manufacturing sector and the index of construction costs that will determine the levels of closure of the Russian market, he said.

“In the second half of the day we expect the consolidation of the Russian share indexes at current levels. In General, the activity of investors this week will be low on the background of holidays in the Russian Federation and expectations of output statistics on the U.S. labour market on Friday,” — said the head of trading strategies Dukascopy Bank SA Daniil Egorov.

The market will continue to follow the external background, believes Georgy Vashchenko from the company “freedom Finance”. Waiting on the MICEX index — 1710-1740 points, expected the corridor to the end of the week — 1700-1750 points on the MICEX index with a focus on movement to the upper boundary at the end of the week, he said.

The RTS index in a favorable external background is quite capable in the coming weeks again to get to around 900 points, but the chance to overcome a little while, says the analyst of “Broker” Michael Poddubsky. The ruble-denominated MICEX index has long been in the range, the upper boundary of which is the area of 1740 points, he adds.