The MICEX index, one of the main indices of the Moscow exchange rose to 1977,19 points, which is about 0.5% above yesterday’s closing level. Made August 15, level has become a new maximum value for all history of calculation of the index.
The previous record was set April 21, 2016, when the value of the MICEX index for the first time since pre-crisis 2007 has risen above the level of 1970 points.
The main drivers of growth in the course of trading on 15 August were shares of companies such as Magnitogorski metallurgical plant (+2,9%), “Rossetti” (+1,91%), RUSAL (+1,75%) and Magnit (+1.3 percent). A significant contribution to the growth of the index made, and the increase in prices of securities the Moscow exchange (+1,44%).
The MICEX index is based on 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, the historical minimum value of the MICEX index was recorded on 5 October 1998 (18,53).
Calculated on the basis of the dollar stock price index futures rose on Monday by about 1.7% and reached the level of 970,72 points, the highest since July 18, 2016.
“Out of the spring and summer of consolidation for the stock indicators, it may strengthen the desire of speculators to buy Russian assets, although foreign interest in ruble bonds is still predominant in relation to the shares”, – said the chief analyst of investment Department VTB24 Stanislav Kleshchev.
The growth of the Moscow exchange indices occurred against a backdrop of rising world oil prices. During today’s trading on the stock exchange ICE cost of a barrel of Brent rose to $47,65 per barrel. Earlier the analyst of “URALSIB” Konstantin Chernyshev predicted that the Russian market will follow today, for rising in price oil.
The rise in oil prices has become a new impetus for the strengthening of the ruble. During today’s trading on the Moscow exchange, the dollar dropped to 64.03 Euro — 71,55 to RUB.
11:35 MSK cost of a barrel of Brent crude on the ICE futures exchange was $47.39 per, the value of the MICEX index reached 1974,18 points, RTS index — 967,54 points. The dollar reached 64,29 Euro – 71,805 RUB.
At the end of trading on 11 August highs reached at the same time the major stock indexes of USA S&P 500, Dow Jones and NASDAQ. Last time this happened back in 1999.