The stock market is trading in positive territory amid rising oil prices

The stock market is trading in positive territory amid rising oil prices

According to the trades, the MICEX index grew by 0.38% and the RTS index – on 2,22%. The dollar calculations “tomorrow” dropped to 76,74 of the rouble, the Euro rate to the ruble 83,69.

MOSCOW, 28 Jan. Elena Likova. The share market of the Russian Federation are growing on the major indexes amid falling of quotations of Brent crude oil.

The MICEX index grew by 15.22 GMT by 0.38% to 1754,28 points, RTS index — on 2,22% — to 720,51 item.

The dollar calculations “tomorrow” has decreased on 0,93 ruble — to 76,74 of the rouble, the Euro rate — 0.92 ruble — to 83,69 ruble, follows from the data of the Moscow exchange.

The April futures for Brent crude grew by 1% to 34,27 dollars per barrel.

External background

The decision by the fed was unanimous in favour of keeping rates unchanged, reminds the analyst of IK “Okay Broker” Alexey Kuzmin.

“U.S. stock market reacted to this decline, the dollar index, fourth session continues to be under pressure. In Asian trading ended mixed. The largest decline was the Chinese Shanghai index (-2,91%). At the same time, Hong Kong’s Hang Seng index strengthened (+0,75%). For the Russian stock market the fed decision was expected,” he commented.

The emphasis the fed did what was expected “only a gradual increase in” rates, specifies analyst at TeleTrade mark Goikhman. “Investors have apprehended the message of the major player of the global markets that will persist for the period of relatively cheap money. This has increased the demand for risky assets, including hydrocarbons,” notes the analyst.

Leaders of growth and decline

In leaders of growth — actions VTB (3,82%), “inter RAO UES” (3,14%), NOVATEK (2,48%), TMK (2,44%), ordinary actions “Tatneft” (1,91%), OJSC “Enel Russia” (1,89%), the shares of “Magnet” (1,77%) and the shares of RusHydro (1.7 per cent).

In leaders of decrease — preference shares “Transneft” (-2,2%), Severstal (-2,01%), Aeroflot (-1,69%), Peak (-1,37%) and “Akron” (-1,34%) and prefs of Tatneft (-1,17%), ordinary shares of Sberbank (-1,1%), and DDR “RUSAL” (-0,99%).

Forecasts and recommendations

The MICEX index will hold an auction Thursday in the range 1705-1762 point, said Alexander Razuvaev of “Alpari”. Entries above the Russian market is obliged to exchange rate revaluations, he explains.

The time to invest, overall, very good, especially for investment of foreign capital, says, “Okay, the Broker” Alexey Kuzmin. This is evidenced by the recovery of quotes of RTS index, he explains.

“In this sense, we can expect the reduction of the spread between ruble-denominated and U.S. dollar-denominated stock market indices (MICEX and RTS) due to the rapid growth of the second and first consolidation,” adds the analyst.

On the Russian stock market is expected to moderate the market growth in the second half of the day, said the head of analysis foreign exchange risks the Dukascopy Bank SA Evgeny Abramovich. “The purchases will contribute to the growth of oil prices. According to our estimates, in the near future the price of a barrel of Brent crude could reach $ 38,” she says.