The MICEX index to closing has fallen to 3,78% – to 1682,54 points, RTS index – on 5,12%, to 699,13 points, follows from the data of the Moscow exchange.
MOSCOW, 11 Jan. Elena Likova. The shares on Monday closed in negative territory, losing at the evening auction of 3.8% on MICEX and 5% on RTS on the background of sales of most securities of Russian companies and the fall in oil prices below $ 33 per barrel mark Brent.
The MICEX index to closing has fallen to 3,78% — to 1682,54 points, RTS index — on 5,12%, to 699,13 points, follows from the data of the Moscow exchange.
The dollar calculations “tomorrow” grows 1.39 ruble — to 76,15 ruble, the Euro rate — on 2,38 ruble — to 83 rubles.
The March futures for Brent crude oil falls by 5.31% to 32,13 dollars per barrel.
Updating the lows
The MICEX index at the evening auction dropped to 1681,58 points, the RTS index below the psychological level of 700 points to 699,7 points. The MICEX index has updated the minimum for the first time since October 8, 2015 and the RTS index — for the first time since December 17, 2014.
“At the end of the day the Russian market continued to fall under pressure from falling oil prices. The dollar strengthened against the ruble, but most of the papers exporters still traded in the red zone,” — says Mikhail Abramov from “Veles Capital”.
“Black” Monday, the Russian market
The growth leaders were the shares of “Polyus Gold” (4,84%), also increased the shares of Polymetal (0.8 percent), due to rising gold prices.
In plus to close were shares of Uralkali (1,12%), prefs of Transneft (0,91%), “the Europlan” (0,74%) and Moscow exchange (0,06%).
The largest drop occurred in the share of “Yandex” (-11,24%), M. Video (-7,09%), in securities of Sberbank (ordinary stocks fell on 6,01%, prefs — at 4.83%,), Magnit (-5,77%), LSR (-4,99%), as well as shares in MTS (-4,5%), MegaFon (-4,29%) and Aeroflot (-3,68%).
Among the leaders of the fall in oil and gas sector shares of LUKOIL (-5,05%) and Rosneft (-4,5%), Gazprom (-4,35%), ordinary actions “Tatneft” (-4,08%) and shares of NOVATEK (-3,08%).
In the electricity sector, the largest decrease was demonstrated by the shares of “inter RAO” (-3,94%), FGC UES (-3,31%).
In the steel sector fell heaviest stocks of Norilsk Nickel (-4,34%), TMK (4%) and ordinary shares of “Mechel” (-4,22%).
Forecasts and recommendations
Tuesday you can expect an increase of MICEX index to 1720 points and the RTS index – up to 717 points, predicts Mikhail Krylov from “Golden Hills — Kapital AM”.
Negative in Chinese stock market (CSI300 fell by 5%) and continues to put pressure on commodity exchanges, for which the Chinese economy remains one of the major drivers, said Abramov from “Veles Capital”.
“In our view, the focus of both Russian investors and foreign ones, will keep an eye on oil prices. Also scheduled for tomorrow the publication of the data about the consumer price index in Russia in December and data on base money M2 in China,” he says.
From some Russian assets investment levels reached such issuers as Gazprom, LUKOIL and Norilsk Nickel, believes Vasily Oleinik of the company “AI Ti invest”. “Correction on the Russian market may further increase, so to add to the portfolio of risky assets can only partially. Maybe closer to the end of January will be more attractive levels to buy,” he explains.
Equipment on the Russian indices are also in favor of further decline, said the analyst. If the MICEX index two days in a row will close below the mark of 1690 points, will open the road to the next targets at around 1600 points, warns Oleynik.