The stock market is down amid external negative

The stock market is down amid external negative


According to the Moscow exchange, MICEX index decreased to 1671,68 points, RTS index – to 690,32 points against external negativity caused by fear of decline of China’s economy.

MOSCOW, 14 Jan. Elena Likova. The share market of the Russian Federation on Thursday, declining on the major indexes on the background of external negativity caused by fear of a cooling Chinese economy and low bid quotations of mark Brent crude oil.

The MICEX index to 15.52 decreased on 0,78% — to 1671,68 points, RTS index — on 0,48% — to 690,32 points, follows from the data of the Moscow exchange.

The dollar calculations “tomorrow” has decreased by 39 cents to 76,28 of the rouble, the Euro rate by 29 cents to 83,11 ruble.

The March futures for Brent crude rising by 0.7% to 30.39 per barrel.

“On Thursday the Russian market continued renewed at the end of yesterday’s trading sales. The external backdrop looks negative – the European markets are following Asian losses”, — says Igor Kovalyov from the “InstaForex”.

The growth of Sistema and MTS

A criminal case against one of the richest men of Russia – the main shareholder AFK “Sistema” of Vladimir Yevtushenkov terminated; the businessman does not plan to seek compensation or rehabilitation.

On this message the shares of Sistema soared more than 5%, shares her biggest asset — MTS was added to 1.68%. However, by the middle of the day that the shares of both companies slightly adjusted: 15.52 MSK shares ROS grew on 4,22%, MTS – by 1.3%.

Earlier AFK “System” have informed that criminal case against Yevtushenkov upon the purchase of shares of enterprises in the fuel and energy complex of Bashkortostan, were terminated due to lack of evidence.

In August 2014, the investigation has opened a criminal case on the fact of selling the shares of “Bashneft”.

Notice of termination of the criminal case against Yevtushenkov has no impact on the value of securities of “Bashneft”, which continued to fall along with shares of most oil and gas companies due to low oil prices traded in the area of 30.4-30.5 USD per barrel. In particular, to the current point, the prefs Bashneft falling in price on 1,27%, ordinary shares – on 1,06%.

Leaders and outsiders

Among the leaders of the market – shares of NCSP (1,37%), paper “RUSAL” (ordinary shares are rising by 1.34%, DDR 1.12%), the shares of Polymetal (1,17%), “Polyus Gold” (0,96%) and ordinary shares of Sberbank (0,66%).

Among leaders of falling – actions “Aeroflot” (-3,07%), Yandex (-2,37%), ordinary shares of “Mechel” (-2,25%), TMK (-2,14%), the shares of “MegaFon” (-2,07%) and stocks of LUKOIL (-2,06%).

Forecasts and recommendations

Before the end of session the Russian indexes will continue to focus on the mood of foreign investors and the dynamics in the commodities sector, said Kovalev of “InstaForex”. “Oil gives signals of recovery, however long as prices remain below the level of 31 per barrel, undo, benchmarks should not be expected,” he said.

The expected continuation of falling of the Russian share indexes on Thursday that will be due to the negative external background, says head of trading strategies Dukascopy Bank SA Daniil Egorov. “And until Friday the publication of statistics, which could support oil prices, not foreseen,” he adds.

The MICEX index will hold an auction Thursday in the range 1670-1705 points, says Alexander Razuvaev of “Alpari”.