The share market of the Russian Federation has ignored US sanctions against the background of growth in the ruble and oil

The share market of the Russian Federation has ignored US sanctions against the background of growth in the ruble and oil


The MICEX index to closing has grown on 1,42% – to 1747,85 points, RTS index – on 3,03% – to 785,51 points, follows from the data of the Moscow exchange.

MOSCOW, 23 Dec. Elena Likova. The share market of the Russian Federation on Wednesday has grown on the major indexes after the ruble and Brent crude oil traded above $ 37 per barrel.

The MICEX index to closing has grown on 1,42% — to 1747,85 points, RTS index — on 3,03% — to 785,51 points, follows from the data of the Moscow exchange.

“The external background for the Russian market developed positively, apparently, stock markets around the world planned a pre-new year rally”, commented Vasily Tanurcov from “Veles Capital”.

Ignoring geopolitics

Sberbank, VTB and “Yandex” has grown by ignoring the expansion of U.S. sanctions list against Russia, which included a number of subsidiaries of Sberbank and VTB and the online payment service “Yandex.Money.”

The prefs of Sberbank rose by 4,44%, ordinary shares – on 3,17%, actions VTB — on 1,58%, while the shares of “Yandex” – on 3,21%.

Also the support the banks provided the strengthening of the ruble against major involut.

Leaders and outsiders

Among the leaders of the market – shares of NOVATEK (3,58%), prefs of Surgutneftegas (2,19%), “Norilsk Nickel” (2,1%), ordinary shares of “RUSAL” (1,58%) and LSR (1,72%).

Among leaders of falling – actions “the pole Gold” (-2,32%), VSMPO-AVISMA (-1,99%), “inter RAO UES” (-1,03%) and M. Video (-1,91%), TMK (-0,72%), Uralkali (-0,67%).

Forecasts and recommendations

Support for the MICEX index is the level of 1710 points, resistance — 1733, paragraph, notes the analyst of TeleTrade mark Goikhman. Further dynamics of the MICEX index is determined by the demand for risky assets, he adds.

“Special trading ideas on no grounds, but investors will try to take advantage of the period until the end of the week to earn something”, — said Alexander Razuvaev of “Alpari”.

On Thursday the Russian market of important events again is not expected, therefore the dynamics of key indexes will mainly follow the oil quotations, according to a leading analyst of MFX Broker Artem Ostapchuk.

“If the price of “black gold” will not resume the decline to continue unabated, the MICEX may climb above the resistance level of 1750 points, RTS — to reach 790 points,” he said.

Thursday — holiday day for Western areas, significant macroporosity is not expected, reminds Tanurcov from “Veles Capital”. “On the eve of may holidays the continued growth in global platforms,” he adds.