The Russian stock market has updated the maximum six weeks amid oil rally


Moscow. July 12. INTERFAX.RU – the Russian stock Market on Wednesday afternoon exceeded 1950 points on the MICEX index, updating a 1.5-month high amid growing Europe and the rally of oil after an exit of statistics on stocks of raw materials in the United States.

By 13:30 Moscow time the MICEX index amounted to 1954,16 points (+0,9%), RTS index – 1014,99 points (+1.4 percent); the ruble prices of most of the major “chips” on “Moscow exchange” grew in the range of 2.8%.

The dollar dipped to 60,65 ruble (-0,12 rubles).

The growth in the lead ruble shares of “Mechel” (+2,3%), “Masuri” (+2,9%), “NOVATEK” (+1,3%), “Rosneft” (+1,5%), Russian grids (+1,5%), Sberbank (+1.6% and +1,9% the “preferred shares”), Severstal (+2.8%) and “Surgutneftegaz” (+1,3%), “Tatneft” (+1,5%).

The stocks of AFK Sistema (-3.7 percent) from beyond the cut-off of dividends on the exchange (subject to the calculations of “T+2”), slipped also the “preferred shares” Transneft (-0.9%) and Bashneft (down 0.6%).

Indices in the US on Tuesday showed a single dynamics, the direction of the market changing under the influence of a variety of news, including the publication of emails Donald trump Jr. regarding relations with Russia, and also in connection with the postponement of the start of summer vacation in the U.S. Senate two weeks for the preparation of a number of laws, including with respect to health insurance, according to MarketWatch. The first had a negative impact on investor sentiment, while the second news supported the market.

In General, traders do not want to take significant steps in anticipation of important events that will take place later this week.

Source