The stock market weakly increases after oil

The stock market weakly increases after oil

From the data exchange implies that the dollar exchange rate calculations “tomorrow” grew by 19 cents to 76.4 per rouble, the Euro rate by 4 cents, to 82,82 of the ruble.

MOSCOW, 12 Jan. Elena Likova. The shares weakly increases in the major indices following oil quotations, follows from the data of the Moscow exchange.

The MICEX index to 16.10 MSC grown on 0,76% — to 1695,34 points, RTS index — on 0,01%, to 699,07 item.

The dollar calculations “tomorrow” grew by 19 cents to 76.4 per rouble, the Euro rate by 4 cents, to 82,82 of the ruble, follows from the data exchange.

The March futures for Brent oil rose by 0.28% to 31,97 USD per barrel.

“The market is trying to recover after strong correction. Looks like none of the players does not believe in the imminent sequel to falling oil prices and expected rebound by 6-8% in the short term,” commented Georgy Vashchenko from the company “freedom Finance”.

Leaders of growth and decline

In leaders of growth – actions “the pole Gold” (3,8%), NOVATEK (2,42%), ordinary actions “Surgutneftegaz” (2,36%), prefs of Rostelecom (2.26 percent), ALROSA (2,17%), and also the shares of RusHydro (2,06%), NLMK (1,96%), VTB (1,84%).

In morning trading the shares of “Gazprom” has updated an annual minimum, having fallen to of 130.1 of the ruble amid falling oil prices below $ 32 a barrel. However, during the day the stock is transferred to the growth and rise 2.18% to 134,25 ruble.

In leaders of decrease — actions “M. Video” (-2,55%), NCSP (-2,45%), Raspadskaya (-2,12%), LSR (-2,06%), Polymetal (-1,98%), MMK (-2,87%), Dixy (-1,87%) and Acron (-1,58%) and the shares of “MegaFon” (-1,58%).

Forecasts and recommendations

Expected correctional growth of the Russian indexes on expectations of reduction of stocks of crude oil in the U.S., says head of trading strategies Dukascopy Bank SA Daniil Egorov.

The MICEX index will hold an auction Tuesday in the range 1645-1685 points, said Alexander Razuvaev of “Alpari”. “As soon as the occasion, the market will quickly regain lost,” he adds.

Overall, the oil market began to show signs of life and dissatisfaction with existing conditions that can be a reason for the end of a long and pointless pushing heavyweights for a share of the pie, says analyst “Discovery Broker” Andrei Kochetkov. Accordingly, the stabilization and reversal of quotations of “black gold” will help to restore confidence in the commodity paper, he adds.

“On the evening of no significant events except the speech of the head of the Federal reserve Bank of Richmond Jeffrey Lacera. In addition, after midnight will be released data from the American petroleum Institute on stockpiles in the United States. In case of further rebound in oil, you can wait and improve sentiment on the Russian market, and developing countries that largely depend on the extraction of raw materials,” notes the analyst.