On the Russian stock market has added to the negativity

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Leading stock indexes of the Russian Federation opened to the downside and on the deterioration of the external background, accelerating the fall by noon. Index Mobri loses 0,7%, RTS has fallen more than 1%. To the aggravation of the sanctions rhetoric was added to the resumption of evasion from risks on the world market announced a new portion of U.S. import duties on goods from China, which will take effect later this month. In these circumstances, further growth in oil prices does not bring relief to the domestic market, and the ruble is declining in spite of poor health of the dollar in the international arena.
Negative on the Russian market added the collapse of the shares of AFK “Sistema”, which fell nearly 5% at the opening of trading. The paper fell sharply in response to reports that the U.S. state Department is studying the possibility of imposing sanctions against the main beneficiary of the company Vladimir Yevtushenkov because of the “investment in construction in the Crimea.” We will remind that earlier the company said that it is not invested in projects in the Crimea. By noon, the shares of AFC reduced to 3.5%.
Shares of “Sberbank” cheaper by 1.85%, “Rosneft” is reduced to within 1%, and quotes “ALROSA”. The Supervisory Board of ALROSA recommended shareholders to approve dividends for the first half of 2018 in the amount of 5.93 per share. Only to the payment of dividends may be directed of 43.67 billion. In addition, the Supervisory Board of the company approved the new regulations on the dividend policy of the company providing for dividend payments twice a year.
On the European sites there is a moderate drawdown, whereas the Russian market is feeling more pressure. This suggests that investors refrain from buying domestic assets due to the combination of the threat of new sanctions and escalating trade war. However, if this front in the near future will come new negative signals, the pressure on the benchmarks may weaken until the end of today’s session.
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Igor Kovalyov,
Analyst
InstaForex companies group