The MICEX index has increased for 2015 to 1761,36 points, RTS has fallen to 757,04 item. Significant differences between the dynamics of the MICEX index and RTS due to the weakening of the ruble against the dollar by approximately 23% for the year.
MOSCOW, 30 Dec. Dmitry Mayorov. The MICEX index rose for 2015 26.12% to 1761,36 points, RTS has decreased on 4,26%, to 757,04 points, according to the Moscow stock exchange.
On Wednesday, Moscow exchange completed the last auction of this year decrease by Tuesday the index grew by 0.11%, while RTS 1.64%. The next auction will be held on 4 January 2016.
Significant differences between the dynamics of the MICEX index (calculated on ruble prices) and RTS (calculated by dollar-denominated prices of the shares) due to the weakening of the ruble against the dollar by approximately 23% for the year.
Negative for the market came primarily from the continuing drop in oil prices, which have fallen to the area of the lows from the summer of 2004 – about 36 dollars per barrel of Brent.
However, adjusting the Russian economy to the deteriorating situation and the sanctions appeared to some stabilization of the stock market compared to the shock in 2014 when the dollar capitalization (according to the dynamics of the RTS index) has fallen almost twice, and the rouble MICEX lost over the year of 7%.
Fertilizer in scoring
In these conditions the best performance were the stocks of companies of the chemical sector — the fertilizer industry and the petrochemical industry, especially exporters. They benefited from the decline in oil and gas prices, and the growth of the dollar against the ruble. With costs generally in the industry has declined due to the devaluation of the national currency.
As a result, the ruble index “Chemical industry” of the Moscow exchange grew by 75,96%, in dollars – on to 33.52%.
On the second place – the index “Banks and Finance” that has grown up on 52,06% in rubles and by 15.62% in us dollar terms. State assistance and low base due to the shock of the devaluation of the ruble in 2014 has helped banks to show high results.
In third place – the index of the “Engineering industry” with growth over the year 42,54% in domestic currency and to 8.36% in dollars. The basis for the index are the manufacturers, also which has lowered its costs amid ruble devaluation.
Metallurgists – the worst
Among not included in the top three sectors in the first place (the best) is the index of “Transport” that has grown up on 34,93% and only 2,38% in us dollar terms. Index “Oil and gas” increased by 30,19% in rubles and decreased by 1.21 percent in dollar terms.
The index “Consumer goods and trade” increased by 24.6%, but decreased by 5.45 per cent in dollar terms. The indicator “Electricity” increased by RUR 18.43%, but decreased by 9,21% in us dollar terms, “Telecommunications” — rose 15,54% and decreased by 12.33% in US currency, respectively.
The devaluation of the ruble had a negative impact on the revenues of companies in these sectors, mainly ruble-denominated.
The worst performance showed the sector “Metals and extraction” (plus 9,43% and minus 16,96%, respectively), which last year was the best and with high base showed this year, the weakest results on the Moscow exchange.