Russian stock market grows restraint

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The Russian stock market opened near yesterday’s close. External geopolitical factors and events change often. Despite this, the indices managed to keep the position. The global oil market support the principal Russian oil and gas companies. “Surgutneftegas” will continue to increase by +1,7%, “Rosneft” expects an increase of +1,4%, “Tatneft” (Pref.) can add +0.7% and RussNeft – still +0.2 per cent.
Yesterday’s positive dynamics were caused good statistics in the United States and the British Parliament vote against Brexit. Shares of the company “Norilsk Nickel” trying to recover after the Fund Crispian Investments of Roman Abramovich has brought down the cost of the papers, deciding to sell a part of the package. Important support level for this company is 13732,00. Yesterday the stock tried to buy up large investors for a good discount after a decline. You can expect quotes back to the previous price levels 14400,00 rubles per share.
In General, the Russian stock market looks good, although there is a reduced volatility. Index Mosberg is in consolidation, and this picture is similar to the “torsion spring”, a shot which might occur in the near future.
Wall street was again closed in the positive zone. The S&P 500 index closed higher as technology stocks and energy companies rose. The Dow Jones Industrial Average rose 0.58%, the S&P 500 added 0.69 percent, as the Nasdaq Composite. Energy sector stocks contributed to the overall growth of the market – increased cost of oil as domestic oil reserves unexpectedly declined. This has eased fears about a glut of global supply.
Technical stocks also were interested traders, in particular, continue to buy paper FAANG. Facebook (NASDAQ: FB), Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), Netflix (NASDAQ: NFLX) and Google (NASDAQ: GOOGL) ended the day higher. However, the shares have fallen from highs because of Donald trump. He told reporters that in no hurry to negotiate with China.
Meanwhile, Boeing (NYSE: BA) was volatile during the day, but in the end closed higher, breaking their week-long losing streak. Trump’s decision to ban flights of the Boeing 737 MAX 8 and 9 follows the announcement of Canada about the closure of the airspace for Airliners.
Technology provider Roku streaming video fell 14% as wall street was bearish on equities because of fears of increasing competition from Walt Disney (NYSE: DIS) and AT&T (NYSE: T). Macquarie Group downgraded the stock to neutral Roku. Aurora Cannabis (NYSE: ACB) has hired Nelson Palitza of Trian Partners as an Advisor to support their marketing strategy. Oaktree Capital (NYSE: OAK) surged 12.3 percent after Brookfield Asset Management has acquired a 62% stake in the company.
Take-Two Interactive (NASDAQ: TTWO), DaVita HealthCare Partners (NYSE: DVA) and Nektar Therapeutics (NASDAQ: NKTR) was among the best players of the S&P 500 index. Discovery (NASDAQ: DISCA), Viacom (NASDAQ: VIAB) and Martin Marietta Materials (NYSE: MLM) was the worst participants in the S&P 500 this session.
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Gaidar Hasanov
Expert
“International financial center”