The Russian stock market: the Low activity on the stock exchanges put pressure on the shares
The Russian stock market on Monday opened lower. Today, European companies work a half day in connection with the Christmas eve, because tomorrow in the Catholic world celebrate Christmas. In result, the domestic indices remain virtually alone. In such circumstances, the market volume usually slide down more often than gaining weight. To date, the leading stock indexes are retreating by 0.2% on average, the pound will remain under stocks “M. Video” and “Uralkali”. In the “green” zone remain paper “Gazprom oil” and “Yunipro”.
The external background to today’s trading has developed primarily negative. American markets ended Friday’s session of the sale, the index futures S&P premarket vigorously rises. Oil prices holding up in positive territory in the correction. A barrel of Brent traded at $54,21 (+0,7%).
The pair Euro/dollar in the morning increases. Key trades are about 1,1390 (+0,2%). Key ideas Dec investors already priced in, ahead of the Christmas lull with reduced trading volumes.
The Russian ruble is adjusted to a basket of currencies. Last Friday, the ruble has significantly weakened against the U.S. dollar, investors resolve the situation. The U.S. dollar in the first hour of trading cost 68,35 rubles (+0,1%). The pair dollar/ruble will potorguemsya today within marks of 68.00-of 69.00 RUB, EUR/RUB within the range of 77,50-of 78.00 RUB
International investors for the current 2018 deduced from the Russian funds, a record amount of money in 2013. The total outflow exceeded $1 billion and became one of the worst performers among funds in developing countries. The outflow of investor funds from the funds oriented to the Russian market for the last three weeks amounted to $330 million.
Negative attitude of foreign investors towards Russia remained the greater part of the year. Only in January, Russian funds recorded inflows of more than $0.5 billion, and then the market covered two waves of powerful outflow. Global investors treat Russia as a “toxic country.” This is a direct consequence of sanctions. As a result, the Russians are poorer, and the income of the brokers below. And this despite the increase in dividend payments of Russian companies and other corporate positive.
Index Mosberg protorguetsya Monday within 2330-2345 points.
The Director of analytical Department,