Market overview: mitigation of external background

Moscow, February 4 – “News.Economy.” On Monday, the sector of highly liquid securities has not developed a unified dynamics of price movements. Remained under pressure stock quotes “Surgutneftegaz” (SNGS, -3,4%), Norilsk Nickel (GMKN, -1,9%), Transneft (TRNFP, -1,8%), of Polyus (PLZL, -1,5%), NLMK (NLMK, -1,5%), while there is interest of buyers to the securities of Aeroflot (AFLT, +1,8%), MTS (MTSS,+1.7 percent), corporations ALROSA (ALRS, +1.6 percent). The overall market is still exposed to the negative influence of uncertainty associated with the spread of the virus 2019nCoV, but panic selling, according to the nature of trading, are gradually giving way to sober calculation.

In the second tier, as in the sector of “blue chips”, was observed opposite changes of quotations. “Belon” (BLNG) increased by 28.6%, MGTS (MGTS) – 6.4%, “Yaroslavnefteorgsintez” (JNOS) – 5.4%. Meanwhile, ordinary shares of “Saratov oil refinery” (KRKN) fell by 3.6%, “Korshunovskogo GOK” (KOGK) – 3.5%, “Tattelekom” (TTLK) – 3.4%.

US stocks rose 0.5 to 1.3%, futures on US indices are traded above the closing levels recorded on Monday. European stock indices closed with a moderate plus, in Asian also increased.

in early trading Today, likely to increase in the RTS index due to the softening external background. Coronavirus continues to spread, but the rate of increase in the number of new cases is declining and not exceed the rate of increase in the number recovered. However, indicators of volatility in global equity markets remain above levels that can be considered characteristic of periods of sustained growth in the market – about the restoration of the upward trend on world stock indexes to speak prematurely. In the foreign exchange market in early trading is likely to continue the recent downward correction in the pair dollar/ruble.

AntonTarzi, CFA,

leading analyst if “OLMA” Text: Lead.Economy