The building of the Moscow Stock Exchange. File photoMOSCOW, Jan 19The Russian stock market adds 3% after a significant fall in morning trading, the Moscow Exchange index rose above 3400, according to the Moscow Exchange data. 92%, to 1,407.32 points. The dollar exchange rate with «tomorrow» settlements is reduced by 1 kopeck — to 76.9 rubles, the euro exchange rate is growing by 6 kopecks, to 87.17 rubles. The March futures for Brent oil rises by 0.31% — up to $87.78 per barrel. Mechel's papers are among the growth leaders: ordinary shares add 6.51%, and prefs — 6.32%, Rusal (+3.91%) and VTB (+3.82 %). VK receipts (-1.73%), shares of PIK (-2.08%) and Petropavlovsk (-1.36%) demonstrate much worse dynamics than the market.
The analyst explained whether it is necessary to prepare for the next collapse of the ruble «After four days of active decline, many Russian stocks have become extremely attractive. The dividend yield of such securities as MTS, Gazprom, and Sberbank significantly exceeds the OFZ yield. Accordingly, after panic sales the day before, a strong oversold, which investors buy out,” says Andrey Kochetkov from Otkritie Investments. However, the expert adds that for a reliable return to growth, the Moscow Exchange index must close the day above 3435 points, that is, the line where the “bear market” began. Kochetkov believes that without progress in the field of geopolitics, this rebound is unlikely to be long, since if another negative news appears, the market will turn down. «A rebound is quite likely in the Russian stock market during the day if there is no new rise in rates in the geopolitical game The external background remains unfavorable due to the negative end of trading on Wall Street on Tuesday, but for the Russian market, which has outperformed everyone in the fall, this is no longer important,» notes Aleksey Kalachev from Finam. Kalachev believes that the reason for the resumption of purchases may be expensive oil, which returned to the prices of October 2014 levels.
