The Russian stock market: Indexes until it returns to its previous highs

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After fall of stock indices of the US and Asia, European investors are trying to keep stocks in the green zone – the leading regional benchmarks are trading slightly higher. Against this background, the Russian site also allowed himself perking up a bit, although the mood of caution due to the threat of new sanctions and fears on the world markets, associated with the possible disruption of the meeting of the leaders of the United States and the DPRK.
Afternoon index Mosberg and RTS traded higher in the range of 0.20%, not daring to develop bullish momentum. Brent marking in the mark 78, and supplies corrective signals. The ruble moderately declining in a basket of currencies.
In the segment of blue chips dominate the purchase, although the mood of investors in General ambiguous. Sberbank loses over 1%, quotes of X5 Retail Group adjusted by 0.5% after yesterday’s growth. Meanwhile, ALROSA raliroad almost 3%, reflecting growth in net profit according to IFRS in the first quarter in two times in comparison with the fourth quarter. In annual terms the increase was over 40%.
Papers “Rusala” cheaper by 3%. “Inter RAO” is trading slightly above the opening level after the publication of the statements. The company’s net profit under IFRS in the first quarter of 2018 grew by 17.8% yoy due to the high results of Russian power generation and retail assets. Revenue grew 10.5%, while operating costs increased by nearly 10% and EBITDA increased by 18.5%.
RTS under the influence of the currency factor risks to fall into negative territory, if the pressure on the ruble will continue. Index Mobimii also looks unstable because of the nervousness of investors on the background of the threat of new sanctions. Thus, a return to recent highs while the indexes have to forget. Besides increases the threat of profit taking in the oil market, which is another risk factor for our market.
Igor Kovalyov,
InstaForex companies group