The share market of the Russian Federation trading mixed amid weakening ruble

The share market of the Russian Federation trading mixed amid weakening ruble

The MICEX index grew by 0.15% and the RTS index declined 1.25%. The dollar exchange Rate calculations “tomorrow” grew up to 65,75 ruble, Euro – ruble to 70,47.

MOSCOW, 12 Nov. Elena Likova. The Russian stock market on Thursday, trading mixed amid weakening of the ruble.

The MICEX index to 15.00 Moscow time grew by 0.15% to 1743,15 points, the RTS index declined by 1.25% to 835,15 points, follows from the data of the Moscow exchange.

The dollar calculations “tomorrow” grew by 34 kopecks to 65,75 rouble, the Euro rate of 17 copecks — up to 70,47 ruble.

Corporate history

The campaign “E. on Russia” (“daughter” of the international energy concern E. On) up 0.32%, despite the decrease in net income under IFRS attributable to the shareholders of the company, in the first nine months in annual terms by 37 percent, to 7,429 billion.

According to the company, the main reason for the decline in revenues associated with two non-systemic factors: stop at Surgutskaya GRES-2 in connection with the accident in January this year and the accrual of penalties for delay of commissioning of unit No. 3 at Berezovskaya GRES.

“Excluding these factors reduced revenues would have amounted to 5-8%. Main business of the company “E. on Russia” stable and will be strengthened further with the commissioning of new power unit at Berezovskaya GRES in October this year”, — stated in the message of the company.

Leaders and outsiders

Action “Transaero” in the first half of the trading day has risen by nearly 50% after a fall of 29% since the beginning of the week. To the current point of action “Transaero” has grown by 24.25% to 12.45 per ruble (already up 49.2% to 14,95 ruble).

Among leaders of growth — actions “the pole Gold” (3,5%), Polymetal (2,94%), Uralkali (2,77%), paper “Mechel” (the ordinary shares grow by 2.43 per cent, preference shares at 2.33%), actions “Gazprom” (2,3%), MTS (1,81%), MMK (1,58%).

Among leaders of decrease — actions of the Moscow exchange (-2,3%), Russian grids (-1,67%), “Pharmacy chain 36 and 6” (-1,6%), NLMK (-1,29%), Sollers (-1,15%), ordinary actions “Rostelecom” (-1,1%).

Forecasts and recommendations

The stock market reacts weakly to the drop in oil prices since the depreciation of the ruble is holding back the share price to drop, says Georgy Vashchenko from the company “freedom Finance”.

“Until the end of the day, likely to continue lateral dynamics. For breaking through the support at the 1730 level points on the MICEX index now there are no strong drivers, and given the fact that the market was falling before that 5 days in a row, the probability of a rebound upwards is now greater than the probability of downward movement,” he commented.

The purpose of the rebound will be the level of 1770 points, says the analyst.

The MICEX index will hold an auction Thursday in the range 1725-1745 points, said Alexander Razuvaev of “Alpari”.