The Russian stock market followed the global negativity of other sites

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At the start of trading, Russian stocks followed the negative dynamics of foreign platforms, where once again dominated by fears about political instability in Washington and incite a trade war. Local rebound in oil prices in these circumstances is not helped domestic benchmarks that afternoon lose 0.5% – the index of Mosuri trading at 2308, and the RTS retreated under 1280 points. The ruble moderately strengthened against foreign currencies, which can limit the pressure on RTS.
In the segment of “blue chips” the prevailing negative sentiment, but is moderate in most of the shares do not exceed 1%. Good demand for paper, which wins back the decision of AFK “System” to abandon plans for an SPO, which was scheduled for March this year in connection with the litigation with “Rosneft” and “Bashneft”, which lasted more than six months. While official confirmation of the cancellation SPO has not yet been reported.
Worse than the market today look quotations “Akron” – drawdown exceeds 2%. In the financial sector is also dominated by the sale of shares of “Sberbank” and VTB is cheaper by 0.8%. “Gazprom” lost in the price almost 1%. The company announced its decision to terminate contracts with “Naftogaz”, referring to the unwillingness to pay new fines for 2018 and 2019. – in this context, the contracts become economically inefficient, impractical from an economic point of view, said the Chairman of the Board “Gazprom” Alexey Miller.
Given the lack of willingness to take risks in the ranks of foreign investors and domestic preconditions for recovery, in the short term, the Russian indices will remain under pressure, while a more aggressive sales will be avoided, if the outside panic will gradually subside, and the oil will show more than a clear attempt restoration.
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Igor Kovalyov,
Analyst
InstaForex companies group