The MICEX index for the first time in history exceeded 2,100 points

Photo: Valery sharifulin/TASS

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On the Moscow stock exchange on Thursday continued growth of quotations. Against the background of rising world oil prices, the MICEX index reached a new historic high for the first time rising above the level of 2100 points

One of the main indices of the Moscow exchange, the rouble, the MICEX index, the second day in a row updates the historical maximum. In the course of trading on 24 November 2016, the value of the index reached 2100,58 points, which is approximately 0.7% higher than the close of Tuesday trading.

Above 2100 points, the MICEX index rose for the first time in the history of trading. The previous record was recorded the day before, when the index value reached 2085,75 paragraph, and before 10 November 2016 (2076,44 points).

One of the main sources of today’s growth of the MICEX were shares of Sberbank, which gained today to a historic high. During the trading value of the securities of the Bank rose to 159,89 RUB apiece, which is about 3% higher than the yesterday’s closing level. More than 2% rose today, shares of “Rostelecom”, “M. Video” and “RUSAL”.

USD RTS index during today’s trading on the Moscow exchange is also growing. At the peak of his value reached 1028,77 item that is high in about half a year.

The growth of quotations in the Russian stock market amid a slight increase in world oil prices, which today are held above $49 per barrel. However, the analyst of Department of the analysis of share market IK “Veles the Capital” Igor Arnautov believes that the second half of day dynamics of the Russian stock market will be weak due to low activity of investors in connection with the celebration of thanksgiving Day in the United States.

The dollar and the Euro, largely because of the day in the U.S. today, hovering near yesterday’s closing. In the further course of the Russian currency, according to the head of analytical Department of Bank “Zenith” Vladimir Evstifeeva, will follow the dynamics of oil prices.

“Given the fact that the influence of the tax period, the ruble is already much less, the Russian currency will move following the movement of oil prices and currencies of emerging economies. Yesterday the weakening of the dollar by 1% showed the majority of commodity currencies in emerging markets, so the ending of tax payments the ruble will return the same correlation with them”, — the expert believes.

15:25 MSK cost of a barrel of Brent crude on the ICE futures exchange was $49,2, the value of the MICEX index reached 2098,28 points, RTS — 1027,04 points. The dollar on the Moscow stock exchange by this time made up 64,36 Euro – 68,05 RUB.

The MICEX index began on 22 September 1997 with 100 points, the historical minimum value of the MICEX index was recorded on 5 October 1998 (18,53).

The MICEX index is based on 50 shares of Russian companies representing the key sectors of the economy, including Gazprom, LUKOIL, Sberbank, NOVATEK, Rosneft, Uralkali, MegaFon and so on.

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