The MICEX index to closing has decreased on 0,67% – to 1705,01 points, RTS index has grown on 0,22% – to 683,05 points, follows from the data of the Moscow exchange. The difference in the dynamics of the indices due to the dollar’s decline of more than 1 ruble.
MOSCOW, 26 Jan. Elena Likova. The shares Tuesday closed with positive dynamics on the basic indexes on the slightly negative external background.
The MICEX index to closing has decreased on 0,67% — to 1705,01 points, RTS index has grown on 0,22% — to 683,05 points, follows from the data of the Moscow exchange. The difference in the dynamics of the indices due to the dollar’s decline of more than 1 ruble.
The April futures for Brent crude grew by 1.2% — to 31,7 dollars per barrel.
Leaders and outsiders
Among the leaders of growth shares of NCSP (9.8 percent), ALROSA (5,5%), MegaFon (2.8%) and prefs of Transneft (1,5%), NLMK shares (1,9%) and of “Russian grids” (1.9 per cent).
Among leaders of falling — the prefs of Surgutneftegas (-4.2% mom), the ordinary shares of Tatneft (-3,7%), NOVATEK (-3,1%), “Enel Russia” (-1,7%) and “Akron” (-2.5 per cent), “NorNickel” (term and 1.9%) and the shares of PhosAgro (-2,2%).
Forecast and recommendations
Key support on the MICEX index continues to be in the region of 1700 points, said analyst GK “InstaForex” Igor Kovalev. “Closest to the risk factor will be the API report on oil reserves in the United States. Increase pressure on Brent, which has a negative impact on domestic indexes at the opening session tomorrow,” he said.
The Russian stock market remains under pressure from three factors — the negative external background of instability on the domestic currency market and the collapse of oil prices, says the analyst MFX Broker Anton Krasko.
Worst of all now accounts of commodity and consumer companies, especially oil and gas, even as the ruble price of oil dropped significantly compared with last year, he adds.
Rosneft, Gazprom, LUKOIL and Bashneft during the day can decline by 1-3%, “the Magnet” can lose up to 1.5% of capitalisation, despite recent data on the growth of the turnover of business. The advantage would be exporters of non-oil sector — in particular, Uralkali, Severstal, he believes.
The majority of players before the close of the meeting, the fed will prefer to take a break in making investment decisions, which will affect trading activity and the volume on Wednesday during the day, the analyst notes investholding “Finam” Bogdan Zvarich.
“Against this background, we expect the consolidation of the MICEX index above nearest support located at the level of 1700 points,” he adds.
Analysts “Veles the Capital” believe that 2016 will be a difficult year for Russian metallurgy: falling demand, together with the negative situation on world markets will continue to adversely affect the cost of steel in both domestic and foreign markets. “Accordingly, we forecast deterioration in the financial results of companies in the sector,” they add.