Monday, August 15, 2016

The MICEX index hit a new high in history – RBC

Photo: Yekaterina Kuzmina / RBC

Index MICEX set a new historic high, rising to the level of 1977.19 points. The last time this record was updated in April

The MICEX index, one of the main indices of the Moscow stock exchange, rose to 1977.19 points, which is about 0.5% higher than yesterday’s closing session level. The achieved level of 15 August became the new maximum value for all history of the index calculation.

The previous record was set April 21, 2016, when the value of the MICEX index for the first time before the crisis in 2007 has risen above the level of 1970 points. The last time this occurred on December 12, 2007 when the MICEX index rose to 1970.46 points.

The main drivers of growth in the course of trading were shares of these companies on 15 August as the Magnitogorsk Iron and Steel Works (+ 2.9% ), “Rossetti” (+ 1.91%), RUSAL (+ 1.75%) and “Magnit” (+ 1.3%). Significant contribution to the growth of the index and made increase in prices of securities of the Moscow stock exchange itself (+1,44%).

The MICEX Index is calculated on the basis of 50 shares of Russian companies, representing the main sectors of the economy, including “Gazprom” , Lukoil, Sberbank of Russia, NOVATEK, “Rosneft”, “Uralkali”, “Megaphone” and so on. The calculation of the MICEX Index began September 22, 1997 with 100 points, the historical minimum value of the MICEX index was recorded October 5, 1998 (18.53 points).

calculated on the basis of share prices of dollar RTS index rose on Monday about 1.7% and reached 970.72 points, the highest since July 18, 2016.

«out of the spring-summer of consolidation at stock indicators can strengthen the desire of speculators to buy Russian assets, while foreign interest in ruble bonds will still be predominant in relation to the shares “, – said the chief analyst of the investment department of VTB24 Stanislav Kleshchev

The growth index of the Moscow stock exchange takes place against the backdrop of rising world oil prices.. During today’s trading on the stock exchange price of a barrel of ICE Brent rose to $ 47.65 per barrel, which is 1.44% above the closing level of the previous trading session. Earlier analyst “Uralsib” Konstantin Chernyshev predicted that the Russian market will be followed today for the rising price of oil.

Analyst Nordea Bank Denis Davydov connects the growth of quotations with the hopes of investors that in September 2016, OPEC members will be able to agree on limiting oil production.

«Incoming details of potential participants in the parties again allow markets to live in hope (or deceived) with regard to coordination and the market price. Anyway, the fundamental factors right now retreated far into the background. The number of rigs in the US continued to grow reserves and production remain high, there is a big question for the demand side, but now it does not matter. The movement can continue upwards, however, move in the range of $ 48+ for Brent will not be easy with no real new news, “- said Davydov

The growth of oil prices has become a new impetus for the strengthening of the ruble.. During today’s trading on the MICEX dollar fell to 64.03 rubles, euro -. To 71.55 rubles

«This week support the ruble will also provide tax benefits factor, under which exporters already. We began to sell foreign exchange earnings. In July (excluding premiums), according to our estimates, bude t paid taxes totaling about 750 billion rubles, “-.. The analyst Promsvyazbank Alexander weed

By 11:55 MSK price of a barrel of Brent on ICE exchange was $ 47.45, the value of the MICEX index has reached the level of 1974.95 points, the RTS index – 968.07 points. The dollar reached a point 64.265 rubles, euro – 71.78 rubles

Following the auction on August 11 at the same time historic highs reached major US stock indices S & amp;.. P 500, Dow Jones and NASDAQ. Last time this happened in 1999.

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