Participants of the Russian market today switched to the third tier securities

Russian indices showed little change in the first minutes of Friday trading. At the opening, they slumped a bit, declining for the third day in a row, but the initial drawdown was small and the indices quickly went to zero.

In recent days, speculators' activity in third-tier securities has increased sharply. We saw strong growth in shares of Beluga, Abrau-Durso and others in absence of corporate news. Today, a number of securities are showing double-digit growth rates again, while some of them have already seen no less impressive correction.

The Moscow Exchange published a special announcement noting a new trend in which active discussion in social networks of the prospects of the stock market and individual securities leads to significant changes in their prices during the trading day.

The external background has worsened. The rise in oil prices in the first half of the week was temporary amid a decline in U.S. production due to cold weather, production in Texas is already recovering.

Among the heavyweights, shares are cheapening by 0.15%, and LUKOIL is losing 0.6%. TCS (+1.7%), MosExchange (+1%) look better than the market.

The USD/RUB pair rose to 73.94 (+0.04%).

OFZs are getting cheaper again after yesterday's rebound. The head of the Central Bank Elvira Nabuillina confirmed that the baseline scenario does not involve such disinflationary risks, which could prompt the Central Bank to further reduce rates.

Leaders: Red October (+36%), RusGrain (+25%), Abrau-Durso (+21%), (+1.7%)

Outsiders: Beluga (-32%), Nauka-Svyaz (-9%), Rusolovo (-1.9%), M.Video-Eldorado (-1.8%)