Moscow. July 21. INTERFAX.RU – the Russian stock Market on Friday morning, sank in the district 1930 points on the MICEX index headed papers of metallurgists on the background of strengthening of the ruble, the stagnation of global platforms and the older oil.
By 11:00 MSK, the MICEX amounted to 1930,88 paragraph (-0,8%), RTS index – 1032,29 points (-0,6%); ruble prices of most of the major “chips” on “Moscow stock exchange” decreased by 2.4%.
The dollar is worth 58.92 rouble (ruble -0,02).
The leaders of the pullback are shares of ALROSA (-2,2%), Gazprom (-1%), Magnit (-1,3%), “Norilsk Nickel” (-0,7% to 8353 RUB), Russian grids (-1,1%), “Rusala” (-0,8%), Severstal (-2,4%), “Surgutneftegaz” (-0,8% -1% “preferred shares”), “FGC UES” (-1,3%), “Magnitogorsk metallurgical combine” (-0,8%).
Metalloinvest following the procedure of the accelerated bookbuilding sold 28 million 382 thousand 565 ADR on shares of GMK “Norilsk Nickel” (1,79% of the capital), raising about $400 million – the price of accommodation, as was expected, totaled $14.1 per ADR (below the current market price). The organizer of the transaction was Deutsche Bank.
The U.S. stock market Thursday are consolidated, the Nasdaq Composite has updated the historical maximum. Market participants analyzed the mixed financial results of companies and macroeconomic data and statements by European Central Bank (ECB).
The ECB on Thursday kept interest rates unchanged and left the volume of asset purchases unchanged at 60 billion euros per month. Following the meeting, ECB President Mario Draghi stressed the need to continue stimulus programs amid low inflation, so the ECB may expand or extend the asset purchase program. The Euro after a press conference eliminated the drop in the dollar and rose to $1,1631.
To some extent, market participants were alarmed by media reports that spectracolor Robert Mueller is investigating the alleged Russian influence in U.S. elections, decided to collect information on the number of business transactions American President Donald trump.
On Friday in Asia the dynamics of the indices also bipolar (sank Japan and China), are stagnating Europe (FTSE, CAC 40, DAX has changed within 0.1%), U.S. stock futures (contract on the S&P 500 index has grown on 0,04%).
Oil grows in the morning in anticipation of data, Baker Hughes drilling rigs in the US (Friday at 20:00 Moscow time) and the meeting of OPEC and non-OPEC July 24, the week may end higher for a second consecutive time.
The cost of the September futures for Brent crude by 11:00 Moscow time on Friday was $49,52 per barrel (+0,5%), the price of the September WTI $47,1 per barrel (+0.4 percent).
Monday in Saint-Petersburg will be a meeting of the Ministerial Committee on the implementation of agreements on OPEC+ (JMMC), which will discuss a number of issues, including recent monitoring data in June. Invited to the meeting, Libya and Nigeria, which are exempt from agreement to limit oil production and continue to actively increase, but experts are not pinning much hope on their part.
The ruble is supported by sales of foreign exchange earnings by exporters in anticipation of tax payments next week, on this background the Russian stock market corrected down.
“Metalloinvest” has sold 1.8% of Norilsk Nickel shares at a discount of less than 5% is confirmed by the high demand for quality paper company, so a positive Outlook on the shares of “Norilsk Nickel” remains.
In General, negative for the Russian stock market is the political moment – a promising meeting of Russian and American diplomats, which was to resolve the diplomatic issues of ownership and reduction of the Russian diplomatic mission in the United States, disappointed. In response the Kremlin promised mirrored measure, which was an unpleasant surprise, calling into question the prospects of cooperation of Moscow and Washington on Syria and North Korea.
Brexit negotiations on Thursday did not lead to a significant breakthrough. Chief negotiator of the EU, Michel Barnier said that the EU does not intend to proceed with priority for the UK trade, while the country does not provide the details of the bill on withdrawal from the EU and do not clarify questions about the protection of the rights of citizens (the EU requires that the rights of EU citizens in the UK remained under the protection of the European court, and the United Kingdom categorically refuses). British Minister for the EU exit David Davis said that in October, perhaps the negotiators will not be able to move on to a discussion of trade issues, as many had hoped earlier.
In “the second echelon” on “Moscow exchange” on Friday morning, the stocks of SK “acko” (-7,1%), “OGK-2” (-2,5%), “VSMPO-AVISMA” (1.6 million%).
Rose paper “MOESK” (+2,2%), JSC “CHZPSN-Corrugated sheet” (+1,3%), M. Video (+1%), JSC “RBC” (+0,7%), MegaFon (+0,6%).
The total volume of shares traded on the main market of the Moscow stock exchange by 11:00 MSK amounted to 5,678 billion rubles (of which 1.19 billion RUB had on ordinary shares ).