The Russian stock market rejoices

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In the Russian share market on Wednesday began to reign widespread optimism. Relieved investors brought confirmation that Washington will not impose new sanctions against Moscow. Help serve as well as purchases on foreign stock markets, rising oil prices and the General interest in risky assets. Afternoon index Mobimii is growing at 2% to 2235 points. RTS increased by 1.8 percent, despite the neutral dynamics of the ruble. Brent is located in the area of 72 dollars per barrel.
In the segment of the most liquid securities are nearly unanimous recovery. In leaders of growth were the quotes of Polymetal and Raspadskaya, added 6% and 4%, respectively. In good “plus” are traded and the shares of AFK “Sistema”. Here the increase is nearly 4%. “Polymetal” in the first quarter increased production of precious metals by 5%. Gold production increased by 8% in annual terms, and this increase offset the decline of silver mining 3%. The company’s revenue for the reporting period increased by 19%.
Paper NOVATEK grow by 2.5%. Yesterday the company bought another 120 thousand shares in the framework of the program of redemption of securities, which resumed earlier this month. Quotes “M. Video” rise in price by 3.2% after reporting. In the first quarter of the company’s sales increased by 17.4% to 61.0 billion rubles, including VAT. The growth was driven by strong sales of comparable stores, which accelerated the dynamics of Internet sales, as well as program expansion the end of 2017.
All the conditions that are present now on the market, conducive to the further recovery of domestic securities. If in the coming days from the geopolitical front is not received negative press, the current rebound may develop in more sustainable, especially as stocks and indices have not fully recovered from recent sales.
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Igor Kovalyov,
Analyst
InstaForex companies group