Moscow. September 25. INTERFAX.RU – the Russian stock Market on Monday updated its maximum since the beginning of April the RTS index exceeded 1130 points on the background of growing oil and stabilization of the ruble; the reaction to Friday’s decision of Fitch Ratings to confirm the rating of Russia at “BBB-” and improved its Outlook from “stable” to “positive” as a whole was short-lived.
16:35 Moscow time the MICEX index amounted to 2063,86 points (+0,6%), RTS index – 1131 points (+0,7%); dynamics of ruble prices of the main “chips” on the Moscow stock exchange is bipolar in the range of 3.5%.
The dollar dipped to 57,48 ruble (ruble -0,02).
The leaders of growth were shares of ALROSA (+1,5%), VTB (+1,5%), Gazprom (+1.3 per cent), “LUKOIL” (+1,8%), NOVATEK (+1,1%), “Rosneft” (+1%), Russian grids (+2%), Sberbank (+1,1%), “Surgutneftegaz” (+1,2%), “Tatneft” (+1,7%).
Fell for the second auction in a row, shares of “RUSAL” (-3,5%) due to the pullback in aluminum prices, also fell paper “Severstal” (-1,3%), Magnit (-1,7%), “Mobile TeleSystems” (-1,7%), “Masuri” (-0,5%).
In Asia on Monday were dominated by the decrease of the index (although it grew by 0.5% in Japan), investors worried about inflated quotes on many sites and geopolitical risks.
However, market participants are slow to react to the results of the parliamentary elections in Germany. The ruling bloc of Germany, the CDU/CSU won the last in the country in Sunday’s parliamentary elections, but a weak result will complicate the task of forming a ruling coalition. For the first time in the Bundestag will be presented based only 4 years ago the far-right party “Alternative for Germany” (ADH), which became the third on number of votes received. This party opposes further EU integration and considers dangerous the growing number of Muslims in the country.
In Europe on Monday, the dynamics of the combined indexes (FTSE down 0.3 PCT, DAX up 0.1%), minus America (S&P 500 index dipped 0.1%).
In the oil market after local adjustments, continued growth, the price of Brent crude topped $57 per barrel for the first time since March on signs that the glut of oil on the market, formed since mid-2014, gradually decreasing on the background of limiting production and increasing demand.
The price of November futures on Brent crude oil by 16:35 GMT on Monday amounted to $57,63 per barrel (+1.4% and +0.3% in Friday), the November price of WTI – $51,25 per barrel (+1.2 percent and +0.2% on Friday).
Last Friday, the monitoring Committee for the implementation of the agreement on production cuts by OPEC and non-OPEC again urged all parties involved to comply fully with their obligations and gave recommendations about the future prospects of the agreement. The Committee announced a record-high compliance in August.
Statistics of Baker Hughes on drilling activity in the USA showed a reduction in active rigs last week to 5 pieces, to 744.
In addition, the market is interested in the referendum on independence of Kurdistan, which is scheduled for Monday. The regional authorities announced the possibility of additional incentives for foreign oil companies developing its deposits.