According to the Moscow exchange, MICEX index to closing has grown to 1754,71 points, RTS index – to 785,02 paragraph on the background of growth of world platforms.
MOSCOW, 16 Jan — RIA Novost, Elena likova. The shares on Wednesday closed in green zone on the main indices on the background of growth of the global market.
The MICEX index to closing has grown on 0,7% — to 1754,71 points, RTS index – on 0,17% — to 785,02 points, follows from the data of the Moscow exchange.
The dollar calculations “tomorrow” to 19.02 grew up on 50 cents to 70.44 per rouble, the Euro rate by 73 kopecks to the ruble of 77.15.
The Russian stock market on Wednesday showed a positive trend before the decision of the US Federal reserve’s monetary policy, said Mikhail Krylov from “Golden Hills — Kapital AM”.
“The ruble index was supported by growth of the global market. But the dollar-ruble rose in price under the pressure of the raw material fell in price on the upcoming lifting of the ban on oil exports from the United States. As a result, the dollar index of RTS was slower,” he commented.
Preferred shares of “Mechel” in the second half of the day showed mixed dynamics and by the close of trading fell by 0.71%, ordinary shares rose by 0.12% against corporate news.
In particular, the net loss of the group “Mechel” on US GAAP attributable to shareholders of the company, in January-September 2015 was reduced by 17% compared to the same period last year and amounted to 1,012 billion.
Adjusted net loss decreased 1% to $ 265 million, EBITDA grew 20% to $ 587 million, revenue fell by 35% to 3,275 billion.
Shares of RusHydro rose to 8.48 to%, reflecting the increase in IFRS net profit in January-September 2015 by 7.6% compared with the same period of 2014 — to 24,098 billion.
Action “Transaero” has decreased by 3.37% during administration of the arbitration court procedure observation, which is the first stage of bankruptcy.
Leaders and outsiders
Among the leaders of the market – shares of TMK (9,24%), prefs of Transneft (5,96%), actions “Mosenergo” (3.94 per cent), Sollers (3,5%), Sistema (3,19%), as well as the shares of “Russian grids” (2,67%) and ordinary shares of Sberbank (2,45%).
Among leaders of falling – actions of the Moscow exchange (-2,74%), paper “RUSAL” (DDR decreased by about 2.46%, ordinary shares – 1,89%), “Severstal” (-1,8%), Raspadskaya (-1,75%), LSR (-1,55%) and Peak (-1,31%).
Forecasts and recommendations
After the fed’s decision on monetary policy, the stock indices around the world outside of the U.S. may be in decline, and quite substantially, believes Krylov from “Golden Hills — Kapital AM”. Retail market participants when choosing a trading strategy is better to start from the possible drawdown of the MICEX index to 1735 points, increasing the dollar-ruble to 71.1 and downs of dollar-denominated RTS index up to 771 points, he recommends.
In the coming days, risks re-test of oil lows of the current year remain high on expectations of growth in the value of money in the U.S., says Sergey Kochergin from Exness group.
According to his estimates, the current year, the MICEX index will finish near the level of 1770 points, provided that the Brent crude oil price will be about 2800 rubles (for example, when the dollar exchange rate of 70 rubles and the price of a barrel to $ 40).