The share market of the Russian Federation falls to 5-6,5% on the index after oil and the ruble

The share market of the Russian Federation falls to 5-6,5% on the index after oil and the ruble

According to the Moscow exchange, MICEX index fell to 1599,85 points, RTS index – to 648,71 paragraph on the background of the fall of the ruble against the dollar and the Euro and oil prices mark Brent below $ 30 per barrel.

MOSCOW, 15 Jan. Elena Likova. The share market of the Russian Federation on Friday evening auctions fell within about 6.5%, updating the lows on the major indexes amid falling ruble against the dollar and the Euro and oil prices mark Brent below $ 30 per barrel.

The MICEX index to 17.01 GMT decreased to 4.81% to 1599,85 points, RTS index — on 6,39% to 648,71 points, follows from the data of the Moscow exchange.

The MICEX index fell to 1598,78 item, updating the minimum since July 28, 2015 and the RTS index – up to 648,53 item, updating at least since December 17, 2014.

The dollar calculations “tomorrow” grew 1.63 ruble — to 77,69 rubles, the Euro — 2.45 ruble to ruble 85,06.

The March futures for Brent crude fell by 3.84% to 29,7 per barrel.

“By the middle of day the Russian market was actively decreased at high volumes. Hopes for rebound in oil failed to materialise, and breaking down the 30 dollars before the weekend was too threatening. The MICEX index broke through a sequence of supports and can quite rapidly achieve its goal to 1570 points,” — says analyst “Discovery Broker” Andrei Kochetkov.

In a falling market

Among the growing stock – the shares of Sollers (0,53%) and the shares of Peak (0,05%).

The largest fall show the shares of “Akron” (-7,24%), RusHydro (-7,16%), TMK (-6,88%), the shares of PhosAgro (-6,64%), paper “Mechel” (the preference shares falling on 6,06%, ordinary — on 6,4%), as well as shares of LSR (-6,36%), Sberbank shares (preference shares falling to 5.04%, ordinary — on 6,02%), FGC UES (-6,13%).

Corporate history

Shares of “Gazprom” fall (-4,1%) together with other papers of the oil and gas sector at the General negativity caused by falling oil prices, despite the increase in the company’s net profit under IFRS for the first nine months of 2015.

Net profit “Gazprom” under IFRS attributable to equity holders of the company during the first nine months of 2015 increased by of 21.15% compared to the same period of 2014 and amounted to 673,904 billion. The rate was better than forecasts of analysts surveyed.

Forecasts and recommendations

At 17.15 GMT, Japan will release data on industrial production in the USA at 18: 00 GMT – consumer confidence index the University of Michigan, reminds Kochetkov from “Opening Broker”.

“Since the fall in the markets begins to resemble free, remains to remind the Council the beginning of the week: control of the shoulder and the accumulation of cash. As for short positions, it should also be remembered that the acceleration of the decline or growth are often the harbingers of change trends,” he says.

Investors will continue to monitor developments in the oil market in anticipation of signals from the IAEA on Iran’s nuclear program, says Igor Kovalyov from the “InstaForex”. Most likely with this front will come the negative, and Brent will remain at lows, he said.

“An additional factor in favour of the continuation of sales in the domestic market is the continued risk aversion in Europe and the negative dynamics of U.S. futures, heralding the opening of the stock markets in the red. In addition, a role may be played by the profit-taking before leaving for the weekend players, which is particularly relevant in such a volatile situation,” says the analyst.

Head of analysis foreign exchange risks the Dukascopy Bank SA Evgeny Abramovich expects continuation of falling of the Russian indexes till the end of the day on the background of the desires of investors to cut positions in risky assets ahead of the long weekend in the USA on the occasion of the celebration of Martin Luther king.