The Russian stock market grows amid rebound in oil prices

The Russian stock market grows amid rebound in oil prices

The February futures for Brent crude grew to 38,85 USD per barrel, growing dollar and Euro. As a result, the MICEX index grew by 14.34 MSK to 1739,09 points, RTS index – to 776,15 item.

MOSCOW, Dec 15. Elena Likova. The share market of the Russian Federation on Tuesday lifted by major indices on the backdrop of rising oil prices.

The MICEX index to 14.34 IIC grew by 1,78% — to 1739,09 points, RTS index – on 1,98% — to 776,15 points, follows from the data of the Moscow exchange.

The dollar calculations “tomorrow” increased by 1 penny up to 70,56 of the ruble, the Euro — 13 cents to 77,69 rubles.

The February futures for Brent crude grew by 1,81% to 38,85 USD per barrel.

New item

Shares “Novorossiysky Combinat KHLEBOPRODUKTOV” (NCHP) in the first 10 minutes of trading on the Moscow stock exchange rose by 1.5% relative to the offering price in the IPO, up to 520 rubles. However, 14.34 MSK shares NCHP decline relative to the offering price at 5,86% to 482 roubles.

Moscow exchange launched trading in shares NCHP 15 December 2015 at 13.00 MSK, trade code – NKHP. In the framework of the public offering on the Moscow exchange was posted 7,291 million shares NCHP and costs 512 rubles for a total amount of 3.7 billion rubles. NKP shares included in the quotation list of the first level of the Moscow exchange, has also been reported in the message.

Sole global coordinator and bookrunner of the offer made by “VTB Capital”, co-lead Manager – BCS financial group. Based on the set price, the market capitalization NCHP amounted to 34.5 billion rubles. The authorized capital NCHP is 67,597 million, consists of shares with a nominal value of 1 ruble.

The volume of supply in the IPO amounted to 10.8% of the shares NCHP. According to the results the share of the company’s shares in free float will amount to over 30% with existing minority shareholders.

Shares to the placement said the company Belcarra Services. Controlling shareholder of the plant — United grain company (UGC, 50% minus one share belongs to the group “Sum” Ziyavudin Magomedov), which owns 51% of the shares NCHP. Through the company Ivianto Services Ziyavudin Magomedov owns be 18.49% NKHP. Other physical and legal persons own 19,73% of the plant.

“I believe that the paper will not be attractive for long-term investments in the next season, but the driver may be a rise in food prices next year”, — comments Georgy Vashchenko of “freedom Finance”.

Leaders and outsiders

Shares of Transaero airlines are growing by 7.65%, UTair – in of 8.33% in the absence of news, while shares of “Aeroflot” reduced by 1.31%.

Among leaders of growth – actions “M. Video” (6,22%), Moscow exchange (4,23%), Yandex (3,63%), “Polyus Gold” (3.17 per cent), the shares of ALROSA (3,15%), “Sollers” (2,44%).

Amid rebound in oil prices lifted the shares of most oil and gas companies: “Gazprom” rises on 1,95%, “Gazpromneft” – on 1,65%, LUKOIL — on 0,79%, “Rosneft” – on 2,47%. Also grow paper Tatneft (prefs — 2.35%, ordinary shares – on 3,14%), Surgutneftegaz (preferred shares — on 1,34%, ordinary – on 2,13%).

The prefs Bashneft decreased by 0.57%, ordinary shares – on 0,86%.

Forecasts and recommendations

The MICEX index will soon test the resistance of 1750 points, says Andrey Vernikov of “Zerich capital Management”. “Not on this one so next week the stamp will be broken and the index will tend to 1800-1820 points. But I wouldn’t call it a Christmas rally,” he commented.

The MICEX index will hold an auction Tuesday in the range 1705-1735 points, says Alexander Razuvaev of “Alpari”.

“In Moscow started negotiations Minister of foreign Affairs of Russia Sergey Lavrov and U.S. Secretary of state John Kerry. The Central theme of the meeting will be the situation in Syria. Political news can affect the stocks and the ruble,” he notes.