The share market of the Russian Federation is declining amid weakening of the ruble and falling oil prices

The share market of the Russian Federation is declining amid weakening of the ruble and falling oil prices


The MICEX index during the day was reduced to 1708,54 points, RTS index – to 867,99 item. The dollar calculations “tomorrow” grew by 0.72 of the rouble, the Euro rate of 0.62 per ruble.

MOSCOW, 19 Oct. Elena Likova. The Russian stock market on Monday on reduced major indices on the background of falling of the ruble against the dollar and the Euro and the falling price of oil brand Brent.

The MICEX index to 14.56 GMT decreased by 0.49% to 1708,54 points, RTS — on 1,5% — to 867,99 points, follows from the data of the Moscow exchange.

The dollar calculations “tomorrow” grew by 0.72 rubles to 62 rubles, the Euro — 0.62 ruble — to 70,21 ruble.

The November futures for oil of mark Brent have decreased on 1,49% — to 49,71 per barrel.

Corporate history

Shares of “inter RAO” up 1.19% on news of the growth of electricity export company for 9 months by 40%, to 13.5 billion kWh.h. Electricity imports decreased by 56.9% and amounted to 1.2 billion kWh.h.

Shares of M. Video, one of the largest Russian retailers of electronics and appliances, decreasing by 0.9%, despite the increase in retail sales in January-September 2015 2.2% compared to the same period last year — up to 127,726 billion.

When this adjusted sales “M. Video” for the nine months increased by 4.6% to 130,667 billion. The index reflects adjustments to sales under IFRS for the revenue account for goods, prepaid in 2014, but delivered to buyers in 2015. In the third quarter, the revenue of the retailer increased by 10% to 47.5 billion rubles.

Leaders and outsiders

Among leaders of growth — preference shares “Transneft” (2,75%), the shares of NCSP (2,27%), NLMK (1,85%), Polyus Gold (1.48 per cent), the shares of “Yandex” (1.48 per cent) and Severstal (1,45%) and shares of “Norilsk Nickel” (1,39%).

Among leaders of decrease — actions of Uralkali (-6,84%), papers of Sberbank (prefs decreased on 3,72%, ordinary shares — on 2,02%), paper “RUSAL” (DDR decreased on 2,84% ordinary shares — 1.71%,), the shares of Sistema (-2,27%), and the “Dixie” (-2,16%), ordinary shares of Rosneft (-1,97%) and TMK’s shares (-1,86).

Forecasts and recommendations

The MICEX index will hold an auction Monday in the range 1705-1735 points, said Alexander Razuvaev of “Alpari”. “The trading corridor again narrows to unprincipled “sideways,” he adds.

“In the second half of the day we expect the consolidation of Russian stock indices in anticipation of a large block of statistics from Rosstat in September,” — said the head of trading strategies Dukascopy Bank SA Daniil Egorov.

Analysts of “Zerich capital Management” expect this week a corrective move for the index in the region 1660-1680 points.