The MICEX index set a new historical record


One of two main indices of the Moscow exchange, the rouble, the MICEX, rose to the level of 1976,69 points, which is 0.84% higher than the closing level yesterday and is the maximum value for all history of calculation of the index.

The previous record, the MICEX index was established before the 2008 crisis, namely December 12, 2007, when its value was 1970,46 points.

The main drivers of growth in the course of trading on April 21, were shares of companies such as RUSAL, Aeroflot, and Surgutneftegaz, Gazprom and Sberbank.

Based on the dollar share price and the RTS index rose on Thursday by about 1.88% and reached 960,96 points, the highest since June 24, 2015.

An important stimulus for the growth of demand for Russian stocks analyst of the criminal code “Pallada asset Management” Michael Stepanian called the wait “very good dividends”.

“Some public companies will make the biggest payouts in history. Thus, the amount of dividends on shares of “Gazprom” can make about 17,8 RUB on paper (yield about 10.5%),” – said Stepanyan.

Analysts also attribute the increase of stock quotes of oil and gas companies with the rise in world oil prices during today’s trading on the stock exchange ICE cost of a barrel of Brent for the first time since November 2015 rose above $46 per barrel.

“On the Russian stock market in early trading, the rally will continue amid the heated oil. After positive data on reserves and production in U.S. oil speculators are selling quotes to new annual highs,” says chief analyst at GLOBEXBANK Alexey Balashov.

According to the senior analyst of alpha Bank of Geldy Soyunov, oil contracts grow amid falling International energy Agency forecast oil production by countries outside OPEC.

In turn analyst IK “Veles Capital” Alexander Kostyukov expects that the upgrade of the high oil prices since the beginning of the year will be an occasion for the further growth on the Russian stock market. However, the key event of the day, according to the analyst, will be the ECB meeting, the results of which can changes in the regulator’s policy.

By 10:40 Moscow time the price of a barrel Brent crude on the ICE stock exchange was $45,88, the value of the MICEX index reached 1960,51 points, RTS index — item 950,87.

Calculation of the MICEX index is made on the basis of 50 shares of Russian companies representing the key sectors of the economy, including Gazprom, LUKOIL, Sberbank, NOVATEK, Rosneft, Uralkali, MegaFon and so on. The MICEX index began on 22 September 1997 with 100 points, a minimum of historical values of the MICEX index was recorded on 5 October 1998 (18,53).