The MICEX index decreased to 1744,88 points, RTS index – to 851,68 points, follows from the data of the Moscow exchange. The dollar was down 2 cents, to 64,54 of the ruble, the Euro grew by 16 cents to 69,36 ruble.
MOSCOW, 11 Nov. Elena Likova. The Russian stock market decreased on Wednesday after the price of Brent crude oil on the background data on industrial production of China showed a negative trend.
The MICEX index to 13.45 GMT was down 0.12% to 1744,88 points, RTS index — on 0,28% — to 851,68 points, follows from the data of the Moscow exchange.
The dollar calculations “tomorrow” fell by 2 kopecks to 64,54 of the ruble, the Euro grew by 16 cents to 69,36 ruble.
The market activity remains depressed because of the risks associated with the expected tightening of the fed monetary policy, but also due to the uncertain dynamics of energy prices, says a leading analyst of investment “OLMA” Anton Startsev.
The latter are influenced by concerns about the redundancy proposals and possible cooling-off of demand due to the economic slowdown in China, he adds.
The volume of industrial production of China showed a negative trend, confirming the weakness in the second largest largest economy in the world. In annual terms, this indicator grew by 5.6%, compared to the expected 5.8 percent. For the first ten months of this year growth of industrial production was 6.1%, below forecasts of 6.2%.
By the middle of day has considerably fallen in price shares of MTS (-1,03%, has fallen by 4.1%).
Traders fear the negative consequences of the investigations of the telecommunication companies in Uzbekistan (Vimpelcom in the financial statements for the third quarter has earmarked $ 900 million for losses due to the investigation, MTS plans to publish the report for the third quarter 17 November), says the Elders of investment “OLMA”.
The U.S. government together with the Dutch Prosecutor’s office are conducting an investigation in respect of the transactions, Vimpelcom, MTS and TeliaSonera, the Scandinavian company Takilant, which is associated with the daughter of Uzbekistan’s President Gulnara Karimova. In August, U.S. authorities have approached five European countries with the request to block assets of $ 1 billion as part of the investigation “Uzbek case”.
Against this background add the action of “MegaFon” (0,95%).
Leaders and outsiders
Among leaders of growth — actions “Aeroflot” (2,37%), prefs of Tatneft (1,51%), the Peak shares (1,47%), Moscow exchange (1,38%), Polymetal (0,44%), KAMAZ (0,42%), and the shares of VTB (0,36%).
Sharp downward correction occurred in the securities of Bank Vozrozhdenie after rising on Tuesday. Preferred shares of the Bank falling by 10.2%, ordinary shares — on 12,04%.
The shares of “Pharmacy chain 36 and 6” is adjusted down (-2,05%) after a three-day growth.
Also among leaders of decrease — actions “Enel Russia” (-2,94%), “Polyus Gold” (-2,48%) and Dixy (-1,79%).
Under pressure were shares of the metallurgical companies due to the weak statistics on industrial production of China. So, actions MMK fall by 2.6%, “Severstal” — on 0,85%, NLMK — on 2,75%, RDR “Rusala” — on 2,34%, ordinary shares — on 2,02%, preference shares “a Mechel” — on 0,65%, ordinary shares — on 0,72%.
Forecasts and recommendations
By the end of the day the MICEX index will be in the range 1730-1750 points, believes Georgy Vashchenko from the company “freedom Finance”. “The day will be made by Mario Draghi, but no substantial statements on monetary policy aren’t expected,” he adds.
The MICEX index will potorguemsya today in the hallway 1732-1765 points, says Alexander Razuvaev of “Alpari”.
The market is still exhausted in the effort to grow and low quotations of oil Brent also not added to players of optimism, analysts say “Zerich capital Management”.
On Wednesday, the trade flows inactive due to a holiday in USA, consolidation with dips some securities may continue until the end of the week, they say.
The oil market remains highly vulnerable, the prices of Brent and WTI might test the strength of the recent lows, respectively 46,40 42,50 dollars and dollars per barrel, according to analysts of “Sberbank CIB”.
Due to weekend in the US, the energy information Administration petroleum report will be released on Thursday, but on Tuesday data from the American petroleum Institute (API) indicated a sharp rise in reserves (6.3 million barrels), they say. “We believe that in the near future the price of Brent can feel the pressure,” the analysts say.