The MICEX index exceeded 1850 points for the first time since 2011 GDP

MOSCOW, November 23. The MICEX index (MICEX)gained today during trading on the Moscow exchange by 1.34% to 1852,2 point, rising to the highest level since April 2011.

Since 16 November, the MICEX has been growing for the sixth consecutive session and rose by 7.2%.

In turn, the RTS index today rose 0.4% to 891,71 points, rising from 16 November by 9.7%.

At the opening of today’s trading, the MICEX was down 0.3%, while Brent price fell by 2.3%. However, the sharp reversal of trend in oil prices has pushed Russia’s MICEX and RTS to increase. So, to date, the cost of futures for oil of mark Brent with delivery in January 2016 on the ICE stock exchange in London gained 2.3% to $45,69 per barrel.

“The Russian market looks significantly overbought. Now it is better to take profits and wait for the development of the situation”, – believes senior personal broker FG BCS Alexander Sokolov.