The RTS index losing 3.7 percent, MICEX decreases after global sites

The RTS index losing 3.7 percent, MICEX decreases after global sites

On the backdrop of falling us and European markets, the MICEX index dropped to 1772,13 points, RTS index – to 703,33 points, follows from the data of the Moscow exchange.

MOSCOW, 2 Feb. Elena Likova. The share market of the Russian Federation on Tuesday, declines on the major indices: the RTS index loses more than 3.5% after the accelerated decline of the ruble, the MICEX index has moved to a slight decline under the pressure of external background.

The MICEX index by 14.03 MSCS decreased on 0,06% — to 1772,13 points, RTS — on 3,7% — to 703,33 points, follows from the data of the Moscow exchange.

The dollar calculations “tomorrow” grew up on 2,06 ruble — to 79,37 of the rouble, the Euro rate — on 2,36 ruble — to 86,62 ruble.

The April futures for Brent crude fell on 3,62% to 33 dollars per barrel.

External negative

Negative external background, the European markets considerably making the U.S. index futures also losing about 1%, says Georgy Vashchenko of “freedom Finance”.

Soon will be published data on index of industrial production and unemployment in the Eurozone, however, is unlikely to calm the markets, he adds.

On the eve of the U.S. published the statistics on business sentiment in the manufacturing sector, personal spending and personal income of Americans where everything looks so neutral that investors even not for that catch, said Alexander Razuvaev of “Alpari”.

Leaders and outsiders

Among leaders of growth – paper “RUSAL” (DDR grow by 4.36%, ordinary shares – by 3.68%), the shares of Polymetal (3,32%), ALROSA (3,13%), NLMK (2,33%), Yandex (2,07%) and ordinary shares of “Mechel” (1.48 per cent), “NorNickel” (1,3%), MegaFon (1,27%) and the shares of Sollers (1,18%).

Among leaders of falling – actions “E. on Russia” (-2,27%), Aeroflot (-1,88%), papers “Tatneft” (ordinary shares are down by 1.79%, prefs – on 1,34%), VTB (-1,58%), Sberbank shares (ordinary shares decrease by 1.58%, prefs – on 1,34%) and the shares of RusHydro (-1,36%).

Forecasts and recommendations

External environment, unfortunately, does not provide new opportunities for purchases of Russian equities a broad front with an acceptable risk profile, considers analyst IK “Okay Broker” Alexey Kuzmin.

“The exception may only be separate stories. We must pay tribute, the Russian market still shows enviable stability, but the limit of this resistance might come very soon. So we continue to watch from the sidelines, waiting for new hints of the market,” he comments.

The benchmark MICEX index: 1750-1770 points, says Vashenko of “freedom Finance”. “The index is still unable to break resistance at around 1780 points, as this requires a powerful news support,” he explains.

Better than the market now look the metallurgy sector securities, shares in the commodity and financial sector correction may last till the end of the week, the analyst adds.

Until the end of the trading session on Tuesday the Russian indexes will decline after the price of oil, says head of trading strategies Dukascopy Bank SA Daniil Egorov.