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Russian Federation’s stock market continued growing with Europe



RF stock market continues sustained growth in the MICEX index against the turning a profit Europe and weakening rouble.



30.Dec.16 8:08 AM
By Anna Tuzova
Photo Toinnov.com

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Russian Federation’s stock market continued growing with Europe
As at 8:35 (UTC-5) the MICEX index amounted to 2221,56 points (+0,7%), RTS – to 1144,45 points (+0,02%); rouble selling prices of the most main chips on the Moscow stock exchange have grown by about 2,6%. Dollar appreciated by 0,75 per cent in relation to rouble.

Among the growth champions were Gazprom (+1,6%), Magnit PJSC (MCX:MGNT; +1,5%), MTSC (+1,7%), Novatek PJSC (NVTK; +2,6%), Rusal (+1,6%), Severstal (+2,1%). Rostelecom (-0,1%), Tatneft (-0,3%) traded in red zone.

Indices in US have slightly declined recently against the low trading activity and traders’ reluctance to open the major categories on the New Year’s Eve. Dow Jones hasn’t got to the psychological threshold of 20000 points.

In Asia the dynamic of indices was mixed (Japan has gone down and China has grown), Europe turned a profit (FTSE, S&P 360, DAX grows by 0,2-0,3 per cent), as well as American stock futures (S&P 500 index grown by 0,25%).

The market’s participants’ attention will be focused on the signals about how strictly oil producing countries will abide by the agreement on the output cut. Oil prices end up the year with the growth for the first time in 3 years: Brent has gained almost 53% in 2016, WTI – by 46%.



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