Russian stock market is still retreating from record levels

The Russian market retreated from record levels at the start of Friday's trading. The MosExchange index fell just short of the 4,000-point level yesterday, and today it gapped down.

The chances of taking the round mark remain with the current good external background. Oil prices are holding above $73/bbl even after OPEC+ decision to stick to previously approved plans and increase production by 0.4m b/d, despite the August COVID-19 surge.

U.S. indices are at all-time highs. The S&P 500 futures are up 0.1% in the morning ahead of today's important August labor market report. Investors are preparing for the announcement of a QE rollback in the U.S. in the coming months amid rising inflation and a labor market recovery.

The dollar exchange rate against the ruble is at 72.91 (+0.1%). The RGBI government bond index is up 0.2%.

The heavyweight stocks (-0.3%), (-0.2%), and (-0.15%) are getting cheaper at a moderate pace.

The securities of some exporters look better than the market: Severstal (+0.25%), Rusal (+0.25%), Rosneft (+0.4%), MMC NorNickel (+0.7%).

Again we see the recovery in the shares of automakers: KAMAZ (+6%), (+5%), Sollers (+2%).

Today, Globaltrans (-1.2%), Qiwi (+0.1%), NLMK (+0.4%) are trading their last day with dividends.

Leaders: KAMAZ (+6%), (+5%), Aircraft (+2.8%), Sollers (+2%), TMK (+1.1%)

Outsiders: Chelyabinsk Metallurgical Plant (-4%), Globaltrans (-1.2%), Mail.ru (-1.1%), MMK (-0.9%)