The MICEX index exceeded that of 1930 points amid rising oil and the weakening of the ruble


Moscow. July 24. INTERFAX.RU the stock Market started the week with growth above 1930 points on the MICEX index and reducing dollar-denominated RTS index to the weakening of the ruble and expensive oil to OPEC news about the plans for the further reduction of extraction of raw materials.

At the end of trading on Monday, the MICEX index amounted to 1931,75 points (+0,3%, morning low – 1914,62 points), RTS index – 1013,69 points (-1,1%); dynamics of ruble prices of the main “chips” on the Moscow stock exchange was bipolar in the range of 4.1%.

The dollar rose to 60.04 ruble (+0.68 br).

The leaders of growth made the ruble the shares of “Bashneft” (+1,3%), Magnit (+2.1%) That “Mobile TeleSystems” (+1,8%), “Norilsk Nickel” (+2,4%), “Severstal” (+2,1%), “Surgutneftegaz” (+1,7% and +1% “preferred shares”).

Shares of “Norilsk Nickel” have grown on a background of news that index provider MSCI increased the FIF MMC with rating of 0.35 to 0.4 taking into account the sale of “metalloinvest” its share in “Norilsk Nickel” (the amendment will come into force on 25 July after close of trading).

Cheaper shares of “Gazprom oil” (-1,8%), “Rosneft” (-1,3%), Russian grids (-0,7% -4,1% “preferred shares”), Sberbank (-0,5%), “FGC UES” (-1%).

In Asia on Monday, the dynamics of indices was mixed (sank Japan, grew China), degradation in Europe (DAX, FTSE losing about 0.3-1%), America (S&P 500 index losing 0.2 percent).

The oil market was in “plus” on the news from the meeting of the Ministerial Committee on the implementation of agreements on OPEC+ (JMMC) in St. Petersburg.

Source