Pressure on Russian assets has uncertain dynamics of oil market, the weakening of the ruble against the dollar the ruble is holding up share prices.
MOSCOW, 29 Dec. Dmitry Mayorov. The Russian stock market in the middle of trading on Tuesday slightly increased, the weakening of the ruble to the dollar supports the rouble stock quotes.
Uncertain dynamics of oil market keeps the pressure on Russian assets, but the end of the year could push market players to the tightening of price levels for a positive revaluation of portfolios at the reporting date, say traders.
The MICEX index to 14.06 MSK increased by 0.8% to 1744 points, RTS index – on 0,1%, to 757 points.
Exchange rate revaluation
The Russian stock market in the first half of the day ranged mostly slightly up. Going on exchange revaluation of the stock when dollar price is in place, and the ruble “creeping” upward due to the weakening of the Russian currency to American.
At the same time shares of Sberbank (+1.4%) and VTB (+0,7%) corrected after decrease the day before.
Shares of the oil industry (+1-2,4%) also rise amid a trend towards the growth of ruble prices of “black gold”.
In leaders of decrease – actions “Norilsk Nickel” (of -2.6%), which decline as of today are traded without dividends for 9 months (321,95 of the rouble, the price of the stock at 9.1 thousand).
In the focus of investors is now in General no important corporate events and statistics, said Georgy Vashchenko from IR “freedom Finance”.
“Lateral dynamics on the horizon two days, the benchmark MICEX index — 1750 points”, — he added.
The weakness in oil prices and negative dynamics on European stock exchanges did not allow the bulls at the beginning of this week to show strength, says Alexander Potavin from “Management Savings”. “However, until the end of the year 1.5 the trading session, and in the interests of many portfolio managers to get a good reassessment after a fairly strong year (the MICEX index this year, surged about 24%)”, — he noted.
“The ordinary shares of Sberbank grew by 82%, preferred – by almost 100%. Similar doubling rates are fixed shares of “Akron” and “M. Video”. Therefore some render the desired levels we can see on the last trading days of this year,” said potvin.