The stock market is trading mixed against the background of falling oil prices

The stock market is trading mixed against the background of falling oil prices

On Thursday growth of quotations of rouble is attributed to the weakening of the ruble, continuing in the currency market, analysts said. The dollar grew to 84,41 of the ruble, the Euro rate – up to 92 rubles.

MOSCOW, 21 Jan. Elena Likova. The share market of the Russian Federation on Thursday, trading mixed in the major indexes amid falling ruble and oil prices mark Brent traded below 28 dollars per barrel.

The MICEX index to 14.19 MSK grown on 1,89% — to 1661,21 points, the RTS index decreased by 1.3% to 620,25 item, updating the lows from December 2014, follows from the data of the Moscow exchange.

The dollar calculations “tomorrow” grew for 3,01 ruble — to 84,41 ruble, Euro — ruble at 3.35 — up to 92 rubles.

The March futures for Brent crude fell on 3,63% to up 27.71 per barrel.

“On Thursday there is an increase in the most highly liquid securities, however, the growth of quotations of rouble is due not so much by a need to ease the technical “oversold” as the weakening of the ruble, continuing on the foreign exchange market”, — says a leading analyst of investment “OLMA” Anton Startsev.

Corporate history

Shares of Polymetal grow by 2.9% amid falling ruble, despite the decline in production results by the end of 2015.

Polymetal Int (unites assets of JSC “Polymetal”) by the end of 2015 has reduced gold production by 9% to 861 thousand ounces, increasing silver production by 12% to 32,1 million ounces.

Total production converted into gold equivalent decreased by 3% to 1,267 million ounces.

Leaders and outsiders

Among leaders of growth – actions “Severstal” (4,4%), Yandex (4,33%), paper “Mechel” (the prefs are growing by 4.37%, ordinary shares – on 3,44%), prefs of Transneft (4,19%), the shares of “Polyus Gold” (3,74%), and shares of LSR (3,68%), “NorNickel” (3,64%), “Magnet” (3,38%) and paper NLMK (3,15%).

Among leaders of falling — actions NMTP (-3,37%), M. Video (-2,67%), VTB (-0,9 3%), “E. on Russia” (-0,63%).

Forecasts and recommendations

In the afternoon, the indexes of the stock will consolidate in expectation of the publication of weekly statistics on changes in stocks of crude oil in the United States, said head of trading strategies Dukascopy Bank SA Daniil Egorov.

“Moreover, according to our estimates, on Friday, we will be able to see the growth of equity indexes amid a corrective recovery in oil prices after the fall this morning,” he said.

Radically new trading ideas on domestic sites no investors come from exchange rate revaluations, as before, said Anna Bodrova of Alpari. “This factor will work for quite a long time,” she adds.

In her view, the MICEX index will hold an auction Thursday in the range of 1630-1660 points.