The shares traded flat on weak oil

The shares traded flat on weak oil

According to the Moscow exchange, the MICEX index grew up to 1716,91 points, RTS index – to 758,97 paragraph on the background of weak dynamics of oil prices.

MOSCOW, 22 Dec. Elena Likova. The share market of the Russian Federation in the second half of the trading day on Tuesday traded in the outset on the basic indexes on the weak dynamics of oil prices.

The MICEX index to 16.06 Moscow time grew by 0.12% to 1716,91 points, RTS index — on 0,36%, to 758,97 points, follows from the data of the Moscow exchange.

The dollar calculations “tomorrow” has decreased by 14 cents to 71.1 per rouble, the Euro rate by 4 cents, to $ 77.78 / barrel the ruble.

Brent oil traded at the level of 36,3 USD per barrel, slightly correcting after the previous fall.

“The local market is once again unable to demonstrate more significant rebound after Friday’s sharp drawdown. Oil prices continue to remain low, and this deters buyers. Likely a corrective bounce in oil futures is not able to correct the adverse medium-term picture. The situation can be corrected only Christmas miracle, the probability is still zero,” commented Vitaly Manzhos from the Bank “Education”.

Corporate history

The head of Rosimushchestvo Olga Dergunova does not exclude the sale of 19.5% of Rosneft shares as a strategic investor and the market, the specific decision will be made before the deal.

Shares of “Rosneft” has not responded to this statement and for a while moved to lower amid weak oil growing. But to 16.05 MSK shares of Rosneft went up again (0.37%).

Leaders and outsiders

Among the leaders of the market – shares “RusHydro” (2,19%), VTB (2,82%), papers of Sberbank (prefs rise is 1.77%, ordinary shares – on 1,03%), OJSC “Enel Russia” (1%), prefs of Tatneft (0,91%), Yandex (0,88%), as well as shares of Gazprom (0.8 per cent).

Among leaders of falling – actions TMK (-5,23%), “Polyus Gold” (-3,65%), Uralkali (-2,41%), prefs of JSC “Rostelecom” (-2,11%), as well as the shares of “MegaFon” (term and 1.9%) and shares of “Mechel” (-1,79%).

Forecasts and recommendations

At present, the MICEX index fully lost their modest intraday gains and was again close to the mark of 1715 points, Manzhos stated. “Apparently, this is due to the care less futures on stock indices of the US,” says the analyst.

In the afternoon a significant impact on the course of trading may provide some meaningful statistical indicators for the ocean, he said. The most important signal will be the publication of the final evaluation of US GDP for the third quarter (16.30 GMT), reminds Manzhos.

“We expect the closure of the MICEX index near current levels, with minor change by the end of the day,” predicts the expert.

He also notes that due to the approaching Christmas holidays in the local market is already beginning to feel a decline in trading activity. “In the coming days, Russian stocks will be under the rule of the speculators that they will add volatility, but does not give a clear direction for directional movement,” draws attention to it.

Head of analysis foreign exchange risks the Dukascopy Bank SA Evgeny Abramovich expects that before the publication of macroeconomic statistics in the USA the Russian share indexes will bargain at current values. “However, against the backdrop of the upcoming long weekends in Europe, the activity on MICEX will continue to stay low,” she notes.