The share market of the Russian Federation growing global markets

The share market of the Russian Federation growing global markets

According to the Moscow exchange, the MICEX index grew up to 1758,8 points, RTS index – to 790,3 points, despite a moderate decline in the ruble and oil.

MOSCOW, 16 Dec. Elena Likova. The share market of the Russian Federation in the second half of trading session of Wednesday rises on the main index after world platforms, despite a moderate decline in the ruble and oil trading in the region of 38 dollars per barrel.

The MICEX index grew by 16.53 GMT on 0,94% — to 1758,8 points, RTS index – on 0,85% — to 790,3 points, follows from the data of the Moscow exchange.

The dollar calculations “tomorrow” grew by 15 cents to 70,09 ruble, Euro — by 24 kopecks to RUB 76,66.

“The MICEX index was able to exceed an important mark of 1750 points. But much above this mark it went. The reason for the current decline in trading activity is quite obvious. Bidders are awaiting formal decision by the fed target rate, which will be announced after the completion of the basic auctions in Russia”, – says Vitaly Manzhos from the Bank “Education”.

Leaders and outsiders

Shares “RusHydro” refers to 3.87%, reflecting the increase in IFRS net profit in January-September 2015 by 7.6% compared with the same period of 2014 and amounted to 24,098 billion.

Among the leaders of the market – shares of TMK (5,26%), “Sollers” (4,75%), prefs of Transneft (4,5%), actions “Mosenergo” (2.89 per cent), the shares of VTB (2,22%), the shares of Sberbank (prefs up 2.09%, ordinary shares – 1.92%).

Among leaders of falling – actions of the Moscow exchange (-2,2%), paper “RUSAL” (DDR decreased on 2,16%, ordinary shares – on 1,68%), M. video (2,01%), LSR (-1,32%), and Severstal (-1,64%), Peak (-1,32%) and Raspadskaya (-1,11%).

Action “Transaero” are down to 4.23% during administration of the arbitration court at the enterprise supervision procedure, which is the first stage of bankruptcy.

“The most likely future scenario is the sale of the remaining property of the carrier at auction at bargain prices. Since the debt of “Transaero” to creditors is of the order of 250 billion rubles, the future prospects of ownership of its stocks and bonds are very questionable,” comments Manzhos from the Bank “Education”.

Forecasts and recommendations

For the Russian market the greatest practical importance will be the release of weekly data about change of stocks of oil and oil products in the USA at 18.30 Moscow time, reminds Manzhos. “The expected completion of trades near the current level, with increases of about 0.5% on the MICEX index”, — he adds.

The main event of Wednesday will be the fed’s decision on rate at 22.00 (Moscow time), then there will be a press conference by chair Janet Yellen, reminds the analyst “Discovery Broker” Andrei Kochetkov.

“The majority of players expects that the rate will be raised and investors will focus on the press conference Janet Yellen that could give investors guidance on further tightening of monetary policy and cause for selecting markets for further direction,” says analyst at investholding “Finam” Bogdan Zvarich.