One of two main indices of the Moscow exchange, “dollar”, the RTS index for the first time in more than two years rose above 1,100 points. The maximum value of the index rose on Friday morning to mark 1105,32 points, which is approximately 0.72 percent above the closing level of the previous trading session.
In previous times above 1,100 points, the RTS index rose 31 October 2014 (1112,71).
Simultaneously, calculated on the basis of ruble-denominated prices of the shares of the MICEX index for the first time in history exceeded 2200 points yesterday, set a new absolute record, rising to 2220,01 points, or 0.59 percent above the close of trading on December 8.
“Today, the growth of the Russian market may continue supported by growing oil prices, and the MICEX index may go to the medium-term target benchmark 2230-2250 points,” — said a senior Manager at Promsvyazbank research and analysis of industries and capital markets Ilya Frolov.
The price of a barrel of Brent oil on the ICE futures exchange rose today to $54,15 that on 0,48% above the closing level of the previous trading session. According to the chief analyst of Bank “GLOBEKS” Viktor Veselov, investors awaited the outcome of OPEC meeting with representatives not part of the cartel of oil producing countries, which is scheduled for December 10. The expert notes that if the negotiators agree on reducing oil production of oil, on Monday, the stock market can continue.
Today, the main drivers of growth of indexes of the Moscow exchange were shares of companies Severstal, NOVATEK, Yandex, and VSMPO VTB.
By 10:20 GMT Friday the price of a barrel of Brent crude on the ICE futures exchange was $53,95, the RTS index has corrected to the level of 1100,42 points, MICEX — to 2212,99 points.
The calculation of RTS 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 calculation of the RTS index began on 1 September 1995 with 100 points of the RTS Stock exchange, the historic minimum values of the RTS index was recorded on 2 October 1998 (37,74), the historic maximum, 19 may 2008 (2498,1 points).