The Russian stock market closed in the green zone on the growth of the oil and the ruble

Рынок  российских акций закрылся в "зеленой" зоне на росте нефти и рубля

The Russian stock market on Thursday closed in green zone on the main indices on the background of strengthening of the ruble and oil prices traded above $ 52 per barrel.

The MICEX index to closing has grown on 0,41% — to 1983,88 points, the RTS index — on 0,72% — to 1004,25 points, follows from the data of the Moscow exchange.

The dollar calculations “tomorrow” to 21.02 MSK decreased by 33 pennies to 62,11 of the ruble, the Euro rate by 62 kopecks to 69.3 rubles.

December futures on Brent oil grew by 1.43% to 52.6 percent.

“The Russian stock market for most of the day was under the inertial pressure, however, by the end of the day, was able to get in plus due to raised above $ 52 per barrel of oil and, as a consequence, a strong ruble, which ensured demand for the key “chips”, as well as demand for the shares of metals and mining companies. Trading activity was low (the trading volume amounted to only 21 billion rubles)”, — says Evgeny Loktionov of PSB.

Corporate history

Shares of Uralkali declined to 2.13% amid reports that Russian President Vladimir Putin instructed the Prosecutor General’s office in the period up to December 1 to verify compliance with Uralkali legislation when planning and carrying out the stowing operations in mines.

In addition, the Prosecutor’s office requested to check whether the correct Rostekhnadzor examines the works of Uralkali’s mines.

Shares of “Pharmacy chain 36,6” has grown by 4.64% to 10.61 ruble (previously it jumped by 12.8% to 11.2 per ruble) after the updates on Wednesday, the lowest since mid-December 2014.

Ordinary shares of “Rosneft” and “Bashneft” have adjusted to the fact confirmed the expected news on the purchase by Rosneft of state-owned stake of “Bashneft”.

The current moment of the action “Rosneft” have grown on 0,5% — to of 343.4 rubles, ordinary shares of Bashneft declined by 2.74% to 3,125 thousand rubles, preferred shares of Bashneft have fallen by 6.7% to 1.67 thousand rubles (fell by 7.4% to 1,658 thousand rubles – to the lowest level since January 20).

Rosneft will acquire of 50.08% of shares of “Bashneft” at a price not higher than 330 billion rubles, the relevant contract of sale must be signed before October 15, reported on the website of the Russian government.

Approved directives provide for the adoption by the Board of Directors of “Rosneft” the decision to entrust the “sole Executive body of the company to sign the contract of purchase and sale of shares of JSC “ANK “Bashneft”, providing the subsequent receipt of all requisite corporate approvals and decisions of public bodies under the Russian legislation and the company Charter, in the period until 15 October 2016″.

Leaders and outsiders

Among leaders of growth – actions HSCI (7,2%), “ALROSA” (4,38%), preferred shares of Surgutneftegas (3,2%), the shares of “inter RAO UES” (2,63%), Mostotrest (2,21%) and preferred shares of Sberbank (2,14%), NLMK shares (2,14%), MMK (1.8%) and the shares of Raspadskaya (1,49%).

Among leaders of decrease – DDR “RUSAL” (-3,47%), the shares of Polymetal (-2,92%), Sistema (-1,97%), Acron (-1,49%) and shares “Yunipro” (-1,27%).

Forecasts and recommendations

The MICEX index was able to end the day on a positive note, rebounding from the level of 1975 points, says Loktionov of PSB.

“Strong oil gives us reason to expect continued growth in the direction of our current target zones 2000-2020 points, which we consider to be justified at current levels of country awards and oil,” he said.

The analyst notes that Friday’s key news of the day will be the American statistics — USA labor report on the labor market in the country by the end of September (industrial production in France and the UK are unlikely to be significant news) that will generate the mood on world markets at the end of this week.

“Published data can have a serious impact on investors assess the probability of a rate hike by the American regulator on one of the last sessions for the year. Good statistics can lead to the strengthening of the dollar and sales in high-risk assets. As a result, investors will wait for data, and only after they will reconsider their portfolios,” commented Bogdan Zvarich of “Finam”.

Breakdown of oil above $ 52 per barrel is not perceived by the participants as something sensational: still waiting for the rally will be replaced by a natural correction, says Anna Bodrova of Alpari. The session on Friday, the ruble indicator will be in the hallway 1965-1990 points, RTS index for the relevant range within the framework of the 994-1005 points, predicts it.