One of two main indices of the Moscow exchange, “dollar”, the RTS index in the course of morning trading has reached 1022,85 paragraph of about 0,785% above the closing level of the previous trading session. The achieved value was the highest for a year and a half: the last time above $ 1022 item, the RTS index rose on may 27, 2015 (1026,38).
Simultaneously, calculated on the basis of ruble-denominated prices of the shares, the MICEX index rose to 2064,33 points, which is 0.27% above the close of trading on November 21.
Among the main drivers of growth in the shares of UC RUSAL, whose price rose on Tuesday by almost 4%. More than 1% more expensive paper and Polymetal Sberbank.
Analysts attribute the growth of the Russian stock indices with the increase in world oil prices (in the course of trading on the ICE exchange on Tuesday, the price of a barrel of Brent rose to $49.63, which was the highest value since the end of October 2016) and the General upward trend in the global market. In particular, the major indexes of the American market at the end of trading on Monday renewed its historical records.
“Expectations of the positive effect of “trumpalaike” support optimistic investors. It seems that the American market is not going to stop growth, at least today, as futures on the S&P 500 index continues to rise. Asian stocks this morning are also rising. Today the Russian market will probably continue upward movement, since the rise in oil prices is not yet fully played out,” — says the analyst “URALSIB” Konstantin Chernyshev.
Simultaneously with the growth of quotations of shares of Russian companies is strengthened and the exchange rate. In the course of trading on Tuesday, the value of the dollar on the Moscow stock exchange decreased to RUB 63,525, the value of the Euro to RUB 67,45
“In addition to oil prices support the ruble may have an approaching deadline for payment of key taxes (November 25 — severance tax and VAT, 28 November — tax profit) and the related increased sale of foreign currency by exporters,” — says the analyst of “VTB Capital” Maxim Korovin.
By 11:25 GMT on Tuesday the price of a barrel of Brent crude on the ICE futures exchange was $49,06, the RTS index has corrected to the level of 1019,59 points, MICEX — to 2060,8 points. The value of the dollar on the Moscow stock exchange by this time was 63,6775, the Euro 67,65 RUB.
The calculation of RTS index is based on 50 shares of Russian companies representing the key sectors of the economy, including Gazprom, LUKOIL, Sberbank, NOVATEK, Rosneft, Uralkali, MegaFon and so on. The calculation of the RTS index began on 1 September 1995 with 100 points, the RTS Stock exchange, the historic minimum values of the RTS index was recorded on 2 October 1998 (37,74), the historic maximum, 19 may 2008 (2498,1 points).