The Russian stock market closed in positive territory amid rising oil prices

Российский рынок акций закрылся в плюсе на фоне роста цены на нефть

The Russian stock market on Friday closed in the green for the major indices on the background of growth of oil prices, the MICEX index has again set a historical record.

The MICEX index to closing has grown on 0,34% — to 2128,99 points (already been raised to 2137,82 points), RTS index — on 0,27% — to 1050,21 points, follows from the data of the Moscow exchange.

The dollar calculations “tomorrow” to 21.42 GMT were down 16 cents to 63,82 of the ruble, the Euro by 9 kopecks to the ruble of 68.05.

February futures for Brent oil grew by 0.61% to 54,27 per barrel.

“In the second half of trading Friday purchases in the Russian stock market prevailed that allowed him to play the decline in the first half of the session and finish the day in positive territory. The reason for the purchases was to rebuild the energy market, where Brent crude oil rose above $ 54 per barrel,” — says Bogdan Zvarich of “Finam”.

Gainers and reduce

Among leaders of growth — actions of MTS (2,38%), LUKOIL (2,37%), Polymetal (2,35%), MegaFon (2,16%), “Enel Russia” (2,05%), as well as the shares of “M. Video” (1,97%) and the share of AFK “Sistema” (1,85%).

“For a long time MTS and “MegaFon” were under pressure and now occupied attractive levels in terms of a dividend yield,” — says Roman Tkachuk from Alpari.

Among leaders of decrease ordinary shares of “Mechel” (-4,92%), papers OGK-2 (-3,73%), “inter RAO UES” (-3,4%), MMK (-3,18%), NCSP (-2,87%) and Moscow stock exchange (-2,42%), FGC UES (-2,35%) and shares of Yandex (-1,36%).

Forecasts and recommendations

MICEX during the last three days highs, but as soon as oil will start correction, it can follow and the Russian benchmark, said Irina Rogova of Forex Club.

“It is worth saying that the Italian referendum is a risk factor for the Russian index. So it is possible that the benchmark will begin the correction in the district level 2100-2090 at the beginning of next week,” she said.

Positive closing of the week on the Russian stock market brings positive expectations of the speculators and for the next week, says Anastasia Ignatenko Ledger “Teletrade”.

Now oil prices have played all its intraday decline, this means that after testing, passed on the eve of the resistances the way to their further growth will be opened, she said.

“First and foremost, this is positive for stocks in oil, banking and energy sectors. This week I was allocated the papers of RusHydro and Mosenergo, which I still believe are attractive terms of purchase on pullbacks. We also recommend you to bet on heavyweights, because among them have not yet realized your potential. In particular, the gas monopoly, as they were fixed above the level 150-151 of the ruble and now you can take the course in the area 165-170 rubles”, — the analyst recommends.