The stock market falls, Polyus and Polymetal rush to recoup their losses

  • MosExchange Index: 3236,13 (-1,15%)
  • RTS index: 1367.99 (-2,46%)

The Russian market went down confidently at the opening of trading on Monday amid a general deterioration of sentiment in world markets regarding risky assets.

Oil prices are already losing 3% this morning. S&P 500 futures are down 0.3%. Gold rose above $1900 per troy ounce for the first time since November.

The successes from the development of the coronavirus vaccine were already priced in, but the effects of mass vaccination are still a few months away. The news about the new COVID-19 strain spreading in Great Britain was not at all convenient here, which quickly affects investor sentiment.

The MosBeX index has updated to its lowest level since December 10.

The sharp outburst of quotations in the first minutes took place in the dynamics of the pair USD/RUB with settlements for tomorrow. The exchange rate surged towards 75.8. But then quickly stabilized at 74.2, adding 1.2%.

In such a conjuncture, the gold miners' stocks, which are now leading, revived: Polymetal (+2.7%), Polyus (+2.5%), Petropavlovsk (+2.4%). In the outsiders of the stock SberbankThe company's shares are also under pressure from gas companies: Gazprom (-1.9%) and Aeroflot. We also see pressure in the securities of gas companies: Gazprom (-1.9%), Novatek (-2.2%).

Leaders: Polymetal (+2.7%), Polyus (+2.5%), Petropavlovsk (+2.4%), Seligdar-ao (+1.4%)

Outsiders: TMK (-2.6%), Sberbank-up (-2.4%), Novatek (-2.2%), Aeroflot (-2.1%), Gazprom (-1.9%), Sberbank JSC (-1.8%)

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