According to the data of the Moscow exchange, MICEX index to closing has grown on 2,73%, renewing the maximum since March 5, the RTS index – on a 4.64%.
MOSCOW, Nov 17. Elena Likova. The Russian stock market on Tuesday closed higher on positive mood after a favourable outcome of the G20 meeting, the weak dynamics of oil had no significant effect on the stock market.
The MICEX index to closing has grown on 2,73% — to 1787,22 points, RTS index — on a 4.64% to 862,44 points, follows from the data of the Moscow exchange.
The MICEX index in the second half of the trading day highs on March 5, rising to 1792,37 points, RTS — on 9 November, rising to 864,83 item.
Due to the positive sentiment caused by the rhetoric towards Russia on the part of Western partners at the G20 summit, the bulls intensified, which led to the growth of the Russian market, notes the analyst investholding “Finam” Bogdan Zvarich.
“Market participants are ignoring the low oil prices and purchases are predominantly in highly liquid securities that can speak about the interest from foreign investors,” he adds.
Shares of the Moscow exchange in the second half of the trading day has updated the historical maximum, up to 5.25% up to 95,78 ruble. To the closing of the exchange shares rose to 3.74%, up to 94.4 of the ruble.
Ordinary shares of Sberbank in the day had jumped to 102,67 of the ruble for the first time since the end of January 2014 on the background of stable dynamics of the ruble in the last days, not oslabevshey in proportion to the fall in oil prices.
Ordinary shares of Sberbank to close rose to 6.99 per cent, to 102.5 ruble, prefs — 5.19% — to 75 rubles.
MTS shares rose by 5.4% against growth of net profit in Russia in the third quarter in accordance with IFRS, which amounted to 13,448 billion rubles, an increase of 25.4% compared to the same period in 2014.
Shares of PhosAgro surged 3.9% amid growth in net profit under IFRS in January-September 2015 in five times compared with the same period last year — up to 31,551 billion.
“Despite the record, we are skeptical about the prospects of rising prices for fertilizers in the foreseeable future because of the surplus of food markets. The main countries that export this product has also reduced production costs due to the devaluation of local currencies, which generally continues to put pressure on the prices of wheat, corn and soybeans”, — commented Andrey Tretinnikov from RMG.
In his view, these trends could have a negative impact on the price of fertilizer, especially if another year of record harvest.
Also among leaders of growth — actions “Pharmacy chain 36 and 6” (5.3%) and “Aeroflot” (5%) and Yandex (4.3 per cent).
The shares of the company “Razgulyay” has fallen by 3.5% (day fell by 11.7%), reflecting weak data under RAS for January-September 2015, which came out on Friday. Then it became known that the Federal Antimonopoly service (FAS) of Russia allowed the group of companies “Rusagro” to buy a 32% stake of the group “Razgulay”.
“Razguliay” is in a difficult financial situation, as the agricultural holding has a large debt to VEB more than 30 billion rubles. At the end of September the group “Rusagro” has written in the web the offer to purchase the debt of the group, and as part of this proposal partially repaid the debt of companies included in “fun”.
Among leaders of decrease — actions “Transaero” (-7,4%), MMK (-1,6%), NLMK (-1,3%), Severstal (-1,2%).
Moscow exchange in connection with the planned suspension of trading and exclusion from indexes of ordinary shares of Polyus Gold International Ltd from 19 November 2015 eliminate them from the list of securities eligible as collateral, as not meeting the requirements that apply to the assets accepted as collateral, said the trading floor Wednesday.
Forecasts and recommendations
It is expected testing of the MICEX index level of 1,800 points, and in a few weeks — 1850 points, said Sergei Kochergin from Exness group.
The dynamics of the market tomorrow will be asked a number of macro data from the US (will be published data on new construction and building permits, stocks of oil and oil products, average daily production), as well as the speeches of the fed members, said Vasily Tanurcov from IK “Veles Capital”.
“Growth on world markets lock on new signal on the likely fed rate increase in December. Key to the Russian market will be data on the production in the United States — the U.S. Department of energy expects to resume production decline in December, if the new wave of the fall will begin production in November, it will be a good opportunity for growth of quotations of oil,” he added.