MOSCOW, November 13. The stock indices of the Russian Federation concluded today’s auctions decrease in quotations. So, the MICEX index /MICEX/ according to the results of today’s trading on the Moscow stock exchange fell by 0.68% to 1728,17 points, and RTS – on of 2.05% to 814,93 item.
This week, the Russian market declined mainly after the release of the long-term consolidation of up, says expert “BCS Express” Konstantin Karpov. “Negative external background again rules the roost this week. The expectation of growth rates in the US and the fall in oil prices does not provide fertile ground for investments in the Russian stock market. Partially rescues the situation only increased devaluation sentiment, and as a result of the revaluation of assets”, – says the expert.
The price of a futures contract for delivery in December Brent crude oil at today’s auction of the London exchange ICE fell by 0.61% to $43,79 per barrel, dropping below $44 a barrel for the first time since August.
Against this background, since the beginning of the week the dollar strengthened against the ruble by 3%, and Euro by 2.9% amid falling oil prices. On 3 November, Brent crude oil price accelerated the decline and has since fallen by about 14%.
“The Russian stock indices next week will probably start from 1730 points of MICEX and 800 points of RTS. The MICEX index may rise to 1763 points, and the RTS index is unlikely to be above 825 points,” predicts the Director of the analytical Department of the IR “Golden Hills – Kapital AM” Mikhail Krylov.