The Russian stock market shows signs of growth

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The Russian stock market shows signs of growth, but little positive to be expected and most likely he will be traded near yesterday’s closing. While the total background is expected neutrals to the opening of the American trading session. Since yesterday, we observed a marked decrease of the volatility due to the non-U.S. market participants. Since yesterday, trading on the US stock market was not held due to the holiday “Day of Independence”. Therefore, the main indices of the Russian stock exchange ended environment of low growth. Index Mosberg was trading above the support level of 2300, while the RTS index was trading below $ 1145.
The main gainers and the leaders of the fall in the Russian stock market we have observed in the following companies: AFK Sistema (MCX: AFKS) rose 2.4%, Mosenergo (MCX: MSNG) has gained nearly 1.7%, Yunipro grown by 1.6% ALROSA (MCX: ALRS) added 1.5%, and inter RAO (MCX: IRAO) rose 1.5% since the interest in the paper increased due to the acquisition of its shares from FSK EES (MCX: FEES) and RusHydro (MCX: HYDR) when purchasing securities at prices much below the market.
Among the leaders of the fall may be noted action: Aeroflot (MCX: AFLT) dropped on -1,17%, NLMK (MCX: NLMK) decreased by almost -1%, Severstal (MCX: CHMF) fell by -0.9%, and Sollers (MCX: SVAV) dropped by 0.8%. After the opening of the American session of the Russian ruble may slightly weaken the pressure of the dollar. On the other hand, also puts pressure on oil quotes. Yesterday, the President of the United States again accused OPEC of manipulating gasoline prices, and stated the need to increase oil production to 2 million barrels per day. We also observe a negative trend in the Asian trade. The Nikkei 225 index fell nearly 0.8%.
Because of import duties, the USA on Chinese goods. That will significantly slow world economic growth. Today the Russian stock market will have a positive pressure the following companies: Gazprom Neft (MCX: SIBN) will hold “investor Day”, and we are already seeing investor activity in this paper and stocks already show a tendency to increase.
Also Mechel (MCX: MTLR) has a significant positive impact on Russian stock indices, as the company has extended the contract with China for supply of coal. Today is also awaiting the outcome of the Board of Directors on companies: Rostelecom (MCX: RTKM), Aeroflot (MCX: AFLT), Norilsk Nickel (MCX: GMKN).
Gaidar Hasanov
“International financial center”