The Russian stock market has turned red
The Russian stock market began trading Thursday with the retreat after yesterday’s gains. Afternoon Index Mosberg reduced by 0.33%, the RTS falls bole rapidly, losing over 1% on the back of further correction of the ruble after a series of growth. The external background has started to worsen since the morning, and after lowering indices in Asia under pressure was the site of the Old world under the influence of a sharp rise in yields of treasuries. Brent crude is trading with a bullish bias around 86, but it does not save domestic benchmarks from negative external influence. The ruble is adjusted to average down 0.5% to foreign currencies.
In terms of accelerating the fall of the ruble reduces the paper of the financial sector. Shares of “Sberbank” losing 1.2%, on reports that Emirates NBD is considering the possibility of revising the terms of the purchase of the Turkish subsidiary of Russian Bank. Quotations in the oil and gas sector are decreasing: “Rosneft” and “Gazprom” cheaper by 0.74% and 0.21%, respectively.
Papers “Gazprom oil” added more than 1% on talk of a dividend increase to 35% from 25% amid rising oil prices. The decision on this issue will be taken at a meeting of the Board of Directors in November. It is also reported that VTB will present “Gazprom oil” overdraft 3 billion rubles for a period of 365 days.
The Russian market responding to a General deterioration in sentiment in the risky segment because of the attractiveness of the index to lock in profits after a rise. Index Mosberg corrected from highs, but still may return to growth as external environment while maintaining high oil prices.
InstaForex companies group