Trading results: kept from collapse
On Friday, the Russian stock market opened down on the background of a collapse of oil the day before, which continued at the beginning of the day. But a special panic is not observed after the oil quotes turned up, our indexes started to return lost ground. As a result, the MICEX index added 0.18% to close just above the 2000 level n., The RTS index rose by 0.4%, ending trading around the level of 1086 n.
IN DETAIL
Positive factors:
rise in oil prices.
The growth of world stock markets.
Reducing political risks in Europe.
Decrease key rate of the Central Bank.
Possible high dividends of state companies.
Negative factors:
Negative corporate news.
High geopolitical risks.
MARKETS:
Today, the Russian indexes opened down due to the ongoing collapse of oil prices. Brent price at the opening of our session lost more than 2%, and despite the fact that yesterday it has decreased by 5%. However, today's low was set before the opening of the Russian market and the oil is already actively bounced, so that our indexes from the beginning of trading went regain daily losses.
Today quotes Brent set a new five-month low at $ 46.64, down more than 3.5% at the moment. And this after yesterday's loss of 5%! Thus, a bit of Brent nedotyanul to a minimum of 30 of November of last year ($ 46.5), - the day when the agreement was announced on the reduction of oil production. Thus, oil market participants eloquently shown that the effect of OPEC deal + almost zero. In addition, before the next meeting of the participants of the agreements on the reduction of production there are still 3 weeks.
One of the main factors that led to such disastrous results, has become an uninterrupted growth in US production, as well as unsatisfactory high level of oil reserves. In addition, slowing growth in Asia creates additional risks for the demand for the black gold. To save the situation, most likely, will not just rollover arrangements to reduce production, but the increase in terms of such a transaction, as well as the commitment by the member countries of obligations under a substantial reduction in oil production.
Futures on the US indices rose moderately most of the day, the indices in the United States also rose slightly in early trading. In the lower house of Congress was finally adopted the bill on health reform that revived investors' faith in the possibility to promote Trump and other measures aimed at stimulating the economy. Also today, in the United States came out good data on the labor market, which is not the last role was a significant rebound of oil prices. After all, the US is the locomotive of the world economy, and its condition directly affects the demand for raw materials.
In general, while our market produces a favorable impression of their resistance against the backdrop of the collapse of oil prices. Even the risks associated with the upcoming long weekend, most players on the decline forced to close some of its positions. In any case, this equanimity of our market gives hope that if oil prices stabilize, we see Russian indices at higher levels.
corporate sector
The leaders of growth today Uralkali, rising to 6.12%. MTS increased by 3.85%. Aeroflot has added 2.43%, historical highs again.
In the largest decline today Transneft, which fell by 2.46%. Extends the decline of ordinary shares (-2.38%) and preferred (-2.44%) shares of Mechel. Capitalization VTB decreased by 2.04%.
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