Stock market: shares of exporters has fallen off the Russian indexes

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Amid falling oil and negative dynamics on the Western markets the Russian stock market today were below 1400 points on an index of Masuri. At the end of trading the index Mosberg rolled down 1.2%, to 2380 points, and the RTS index by 1.7% to 1143 points. The largest decline of the oil and gas sector – Gazprom, “Gazprom Neft”, “LUKOIL”. A marked decrease showed also exporters of metallurgical sector (“NLMK”, “Severstal”) and “ALROSA”.
Continued slipping of the action “Aeroflot”. Plans of “Sberbank” and “VTB” to create a regional airline can increase competition in this market segment and to reduce the already low profitability of this business. Regional air transportation in Russia is chronically unprofitable, so the interest of VTB Bank and “Sberbank” to this kind of business is unusual. Probably the largest state-owned banks followed by the may decrees of Vladimir Putin, which defines the requirement to increase the share of direct air traffic in Moscow to 50%.
With a plus sign, you can highlight promotions LSR (+1%) which showed growth on the background of good reporting for the third quarter. During this period the number of prisoners new sales contracts grew by 63%, to 262 thousand sq. m. of Course, it is important that the developer completed projects, but given the solid bases of the company, the risks are low. LSR – growing business, shares interesting to buy for the long term.
Tomorrow operating results for the third quarter will be published “Severstal”. Also, will the boards of Directors of “FGC UES”, “LUKOIL” and “Akron” (the focus size of dividends), and “Evraz” will hold “investor Day”. The mood of the markets in the morning will set the statistics block on economy of China third-quarter GDP, industrial production, inflation, retail sales. Likely the range of motion of the index Mosberg on Friday will be 2370-2395 points, and the RTS index – 1130-1150 points. The pair dollar/ruble will potorguemsya tomorrow at borders 65-66 RUB, EUR/RUB – in the corridor 75-76 RUB.
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Roman Tkachuk,
Senior analyst,
Alpari