The Russian stock market closed mixed

MOSCOW, 21 Feb — RIA Novosti/Prime, Elena Lykova. The Russian stock market on Friday on the major indexes closed mixed, the leaders of growth shares of Razgulyay-and-paper “Mechel”, jumped over week by more than 30% on favourable coal market.

The MICEX index to closing has grown on 0,03% — to 1957,7 points, RTS index has decreased on 0,11% — to 986,37 points, follows from the data of the Moscow exchange.

The dollar calculations “tomorrow” to 19.15 MSK grew by 3 kopecks to totals 62.52 ruble, the Euro rate decreased by 33 pennies to 67,94 of the ruble.

December futures on Brent oil grew by 0.47% — to 52.62 per barrel.

“The Russian market remains within a corrective phase. The MICEX index for the week dipped by 0.56%, to support in the area of 1950 points. The following stands at around 1925 points. The RTS index over five trading days rose by 0.3%,” says Anna Bodrova of Alpari.

Week for the indicator have opened is not the best way, all the other variations were either trying to go higher on the wave of strengthening of rouble, or inertial movement, she adds.

Gainers and losers

The leaders of the shares of the company “Razgulyay” (+39,68%), rising in the absence of news at a high volume.

The leaders of growth also the paper “Mechel” (preference shares jumped 8.2%, ordinary — on 9,3%). For the week, preferred shares increased by 31.1%, ordinary — on 30,7%.

Among leaders of growth — actions HSCI (7,06%), TMK (3,17%), “Enel Russia” (2,34%), Raspadskaya (2,18%), Aeroflot (2,17%), as well as the shares of “Norilsk Nickel” (1,91%), and shares of Peak (1.84 percent).

Among leaders of falling — actions “inter RAO UES” (-3%), AFK “System” (-2,64%), Moscow exchange (-2,57%), NLMK (-2,47%), RusHydro (-2,02%), and paper “Russian grids” (preferred shares fell by 2.5%, ordinary — on 1,83%), shares of Yandex (-1,66%) shares of “Mostotrest” (-1,38%).

Forecasts and recommendations

Situation on the world markets is not very favourable, however, the stability of oil prices despite strong dollar provided support to the Russian share market on Friday, said Eugene Loktionov of PSB.

On Monday released country-specific PMI that can contribute to the stabilization of the external environment and maintain the MICEX index, which was tried on Friday to form a base for a rebound, he adds.

“However, we still remain conservative about the prospects of the market and demand for “blue chips” at the beginning of the week the situation on the world markets and the oil market, in our estimation, is very ambiguous,” says the analyst.

Next week will be published a number of important us reports, including data on US GDP in the third quarter, recalls Irina Rogova of Forex Club. “Strong statistics can lead to increased expectations of a rate hike and possibly even already at the meeting in November that will put pressure on risky assets,” she adds.