The Russian stock market continues to climb

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The Russian stock market continues to climb on Wednesday. This contributes as a whole a favorable external background moderately positive dynamics of oil prices. Confidence domestic stocks given yesterday’s reports that the European Union has no plans to impose additional sanctions against Russia.
So, the afternoon after the index Masuri continues to update the historical highs, rising 0.5%. RTS raliroad 1.2%, reflecting the fall in the dollar under the mark of 67 rubles. for the first time in almost a month. Brent konsolidiruyutsya in the area 78,50.
Active demand continued use of Uralkali’s shares, which are up nearly 5.5%, continuing to respond to significant increase in prices to China at the end of the agreement the Belarusian potash company. Quotes of MTS is reduced by 0.88%. It became known yesterday that the Russian operator bought a 13.7% stake Youdo Web Technologies Limited (Cyprus) for $ 12 million. Papers “Rusala” cheaper by 0.75% in the framework of profit-taking that accelerated after reports that in connection with American sanctions, the Russian giant was forced to close aluminum foil plant in Armenia.
While on foreign exchanges retained the optimism and interest in risk is maintained, despite further escalation of the trade conflict between the US and China, the Russian indexes will be kept in positive territory, although the risk of profit-taking index Mosberg gradually increases and can be realized in case of deterioration of external background.
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Igor Kovalyov,
Analyst
InstaForex companies group