Friday, September 2, 2016

The MICEX index for the first time in history crossed the mark of 2000 points – RBC

Photo: Oleg Yakovlev / RBC

Index Moscow MICEX exchange on Friday for the first time in history crossed the mark of 2000 points. This may signal that the pessimism that was previously present on the market, could be excessive, the analyst believes

The MICEX index, one of the main indices of the Moscow stock exchange, for the first time in history exceeded 2000 points, according to data exchange. According to 16:22 MSK MICEX index rose by 1.19% to 2000,39 points.

The RTS index data at 16:30 MSK rose 2.21% to 965.87 points.

The calculation of the MICEX index is based on shares of Russian companies, representing the main sectors of the economy, including « Rosneft », «Gazprom», Sberbank , Lukoil, Novatek etc.

Thus, VTB grow the second consecutive day at high speed by upgrading the maximum from April. The historical maximum on Friday also updated the common shares of the Savings Bank.

Head Metallinvestbank dealing center Sergei Romanchuk said that the MICEX rose above the psychological mark of 2000 points after the oil and the ruble. “If you look on the RTS index, which is measured in dollars of Russian stocks, such a confident dynamics it does not show” -. Romanchuk says

In general, the growth of the index on Friday, September 2 may signal that pessimism, which was previously present on the market, would be superfluous to indicate Romanchuk. “The growth of the shares may be indicative of future economic growth. According to the Central Bank, improved estimates of the economic activity, expectations for inflation. It is possible that the action, breaking this level will continue to grow. By reducing the political risk can begin the inflow of foreign investment, which will be favorable for the economy “, – added the head of the dealing center Metallinvestbank

The auction may be closed on the positive Friday-Monday stay on the mark more than 2000 points, says CEO. UK “Satellite asset Management” Alexander Losev. «The first factor, which influenced the index – is the oil that turned Putin’s words on the forum about production constraints. If nothing happens, then Friday is likely to close on a positive note. Plus we have on Monday will be the G20 summit, where the good news may be voiced associated with projects in Russia, so we can stay on the mark with the above 2000 points on Monday. Still, the strengthening of the ruble and the rising cost of oil adds to the positive part of the market “, – he said RBC’s

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